onsdag 13. februar 2019

US Senator Marco Rubio proposes legislation to counter ‘Made in China 2025’ while top China hands warn White House to ‘course correct’ Beijing relationship

China faces a tougher fight in its stand-off with Washington after calls to counter Beijing’s global ambitions gained momentum in the US capital mounted on Tuesday. Republican Senator Marco Rubio proposed legislation that would restrict and tax Chinese investment in the US to counter Beijing’s “Made in China 2025” (MIC2025) industrial modernisation programme, which includes direct subsidies for domestic companies developing advanced semiconductors. Many Republican and Democratic lawmakers say the programme threatens US companies in the tech sector.

Meanwhile, an influential group of former top policy makers and China hands delivered a report urging a “course correction” for the bilateral relationship as part of a tour throughout Washington to warn the Trump administration and senior lawmakers about the need to confront Beijing.