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AP Explains: US targets heart of China's economic blueprint
Technology
Published in 10-4-2018
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BEIJING (AP) President Donald Trump's threat to hike tariffs on technology imports from China strikes at the heart of Beijing's state-led blueprint for prosperity and restoring the nation's greatness. For four decades, China has leaned on foreign companies to hand over technology or help potential Chinese rivals develop their own in exchange for market access. That helped make China a leader in fields from mobile phones to high-speed rail to wind turbines, but also fueled complaints that China was improperly benefitting from those tactics. Chinese officials say they are willing to negotiate. But the political importance of the industrial policy Washington wants Beijing to change suggests Trump will face intense resistance.
Reference: www.chron.com