: :inin Kyiv (EET)

China says industrial policy not aimed at foreign firms

China on Saturday tried to downplay concerns it is reducing market access for foreign enterprises, days after a report by an EU group accused Beijing of trying to skew its business playing field towards domestic firms. The paper, released Tuesday by the European Union Chamber of Commerce in China, slammed the government’s “Made in China 2025” plan — launched two years ago to champion local high-tech manufacturing. While officials have repeatedly said they welcome foreign firms’ investment in China, the country has erected barriers in a wide variety of sectors from automotive to finance while simultaneously subsidising its own domestic …read more

Source: Egypt Independent

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