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."
Source : HKSG.
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