China’s Economic Rise: History, Trends, Challenges, and Implications for the United StatesSummary
[Excerpt]
The Chinese government has made innovation a top priority in its economic planning through a number of high-profile initiatives, such as “Made in China 2025,” a plan announced in 2015 to upgrade and modernize China’s manufacturing in 10 key sectors through extensive government
assistance in order to make China a major global player in these sectors. However, such measures have increasingly raised concerns that China intends to use industrial policies to decrease the country’s reliance on foreign technology (including by locking out foreign firms in China) and
eventually dominate global markets.
Morrison, W. M. (2014). China’s economic rise: History, trends, challenges, and implications for the United States. Washington, DC: Congressional Research Service.
