Beijing's 'Made in China' Plan Is Narrowing Tech Gap, Study Finds

An industrial plan China rolled out a decade ago that was criticized by the U.S. as protectionist has been highly successful in narrowing China's technological gap with the West, a new study finds. From a report: The study, commissioned by the U.S. Chamber of Commerce, is set to intensify the debate in Washington and elsewhere over how to counter China's use of state subsidies and other strategies to bolster its competitiveness. To placate President Trump during his first-term trade war with China, Beijing dropped mentions of the 'Made in China 2025' plan, leader Xi Jinping's signature industrial strategy, from public discourse. But the policy stayed in place.

The study, released Monday, shows that enormous state support unleashed under the strategy has enabled China to eliminate or reduce its dependence on imports such as rail and power equipment, medical devices and renewable-energy products. In addition, Chinese companies have become more competitive globally, gaining market share from foreign companies in sectors including shipbuilding and robotics. The findings in the study, conducted by economic consulting firm Rhodium Group, highlight the stakes for the U.S. and other advanced economies as Beijing continues to advance Xi's blueprint to make China a leader in high-tech industries.

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