Is China’s Innovation Strategy An Unfair Trade Policy?
US President Donald Trump has repeatedly accused the Chinese government of acting in bad faith in its approach to trade, domestic investment, and intellectual property. But the problem with China's strategy to boost innovation and update its growth model is not that it violates the letter or spirit of global trade rules.
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NEW YORK – In his statement announcing a second round of punitive tariffs on imports from China, US President Donald Trump singled out the Chinese government’s “Made in China 2025” plan as a threat to US economic growth and a clear example of “unfair” trade practices. Is there any merit to Trump’s claim? And, equally important, is the plan good for China and the world?