Still, the Mercator report said that the policy is likely to bolster a “small vanguard” of leading Chinese companies, adding, “These front-runners are likely to dominate their sectors on the Chinese market<br />and become fierce competitors in international markets.”<br />Keith Bradsher reported from Beijing and Paul Mozur from Hong Kong.<br />A report by a European business group on Tuesday said the “Made in China 2025” program, which calls for enormous Chinese government assistance to 10 industries, would force out competitors from abroad<br />and lead to government-subsidized global players that would compete unfairly.<br />China’s Plan to Build Its Own High-Tech Industries Worries Western Businesses -<br />By KEITH BRADSHER and PAUL MOZURMARCH 7, 2017<br />BEIJING — China has charted out a $300 billion plan to become nearly self-sufficient by 2025 in a range of important industries,<br />from planes to computer chips to electric cars, as it looks to kick-start its next stage of economic development.<br />“The Chinese make it clear that they want to be the global champion”<br />and are trying to carve out market share now, said Joerg Wuttke, the president of the European Union Chamber of Commerce in China, which wrote the report.<br />Indeed, the Chinese government’s plan says Chinese industries that benefit should own as much as 80 percent of their home market in just eight years.<br />Although European and American government officials have expressed misgivings about the<br />plan, the Chinese government has made clear in recent days that it plans to press on.
