China Defends Plan to Bolster Its High-Tech Industries -<br />By KEITH BRADSHERMARCH 19, 2017<br />BEIJING — A senior Chinese official on Sunday defended his country’s push for greater self-sufficiency in computer chips, electric cars<br />and other industries, calling it a necessary strategy in the face of Western countries’ controls of certain high-tech gear.<br />And while China may want more local suppliers in some sectors, Mr. Miao said,<br />in most industries “we still open up and welcome foreign companies to China.”<br />As President Xi Jinping of China has trumpeted the merits of globalization, his country<br />has also been criticized for protectionist policies that favor Chinese companies.<br />But big companies in the rest of the world worry that the program gives an unfair advantage to homegrown players, with<br />the stated goal of Chinese companies’ owning as much as 80 percent of specific domestic markets in eight years.
