AnCaps
ANARCHO-CAPITALISTS
Bitch-Slapping Statists For Fun & Profit Based On The Non-Aggression Principle
 
HomePortalGalleryCalendarFAQRegisterLog in
 

 EU businesses slam 'Made in China' plan

View previous topic View next topic Go down 
AuthorMessage
Nemo

avatar

Location : Wabbit Hole
Job/hobbies : Cayman Islands Actuary

PostSubject: EU businesses slam 'Made in China' plan   Wed Apr 12, 2017 2:05 pm

China's plan to boost domestic manufacturing by 2025 is "highly problematic" and could be used to discriminate against foreign firms in favour of Chinese competitors, a top European business lobby has said.

Beijing's "Made in China 2025" plan calls for a dramatic increase in domestically-made products in 10 sectors - from robotics to biopharmaceuticals - that the government hopes will accelerate an industrial upgrade as economic growth slows.

But foreign business groups have grown more vociferous in criticising Beijing's lacklustre market reforms, and worry the plan will force members to give up key technology in order to access the market or bypass them altogether.

"Made in China 2025" amounts to a "large-scale import substitution plan aimed at nationalising key industries" or "severely curtailing the position of foreign business", the European Union Chamber of Commerce in China said in a report.

Chinese policies, including hundreds of billions of euros in subsidies, were already harming European business, the chamber said.

"Under recently passed legislation in the new energy vehicle industry, for example, European business is facing intense pressure to turn over advanced technology in exchange for near-term market access," the group said.

https://au.finance.yahoo.com/news/eu-businesses-slam-made-china-000114173.html
_________________
Anarcho Capitalists Retail , Molyneux Cult Watch Souvenir Mall , OZschwitz Downunder BoutiqueAnarcho-Capitalists,AnCaps Forum,Anti-State,Anti-Statist,Inalienable Rights Defenders,Non-Aggression Principle,Non-Initiation of Force Principle,Rothbardians,Anarchist,Capitalist,objectivism,Ayn Rand,Anarcho-Capitalism,Anarcho-Capitalist,politics,libertarianism,Ancap Forum,Anarchist Forum,Vulgar Libertarians,Hippies of The Right,Forum for Anarcho-Capitalist,Forum for Anarcho-Capitalists,Forum for AnCap,Forum for AnCaps,Libertarian,Anarcho-Objectivist,Freedom, Laissez Faire, Free Trade, Black Market, Randroid, Randroids, Rothbardian, AynArchist, Anarcho-Capitalist Forum, Anarchism, Anarchy, Free Market Anarchism, Free Market Anarchy, Market Anarchy
Back to top Go down
 

EU businesses slam 'Made in China' plan

View previous topic View next topic Back to top 
Page 1 of 1

Permissions in this forum:You cannot reply to topics in this forum
 :: Anarcho-Capitalist Categorical Imperatives :: AnCaps' Laissez-faire Free Trade Zone-