FLORIDA Republican Senator Marco Rubio seeks a bill to counter Beijing's large-scale industrial upgrade programme, known as 'Made in China 2025', which Americans claim threatens US industry, reports Hong Kong's South China Morning Post
FLORIDA Republican Senator Marco Rubio seeks a bill to counter Beijing's large-scale industrial upgrade programme, known as 'Made in China 2025', which Americans claim threatens US industry, reports Hong Kong's South China Morning Post. 'US policy should respond to the practical and political economy challenges,' said Senator Rubio. 'This includes enacting strategic US-China capital flow restrictions and corresponding defensive measures for domestic industries targeted by the plan.'
His report, 'Made in China 2025 and the Future of American Industry,' analyses 10 technological fields in which China is striving to achieve global leadership and therefore reduce its dependence on imported innovation.
The priority industries, said the former candidate for the Republican presidential nomination, includes aerospace, new-energy vehicles, robotics and semiconductors.
'Changes of the 21st century economy have upended millions of working lives of Americans,' Sen Rubio said. 'Americans understand that something has gone wrong and failure for Washington to respond is one of the underlying currents in our nation's disunity.'
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