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China to revamp industrial policy

By Sean Higgins
Published December 13, 2018 2:03pm ET
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China to revamp industrial policy
In this April 26, 2018, photo, a robot entertains visitors at the booth of a Chinese automaker during the China Auto 2018 show in Beijing, China. Under President Xi Jinping, a program known as "Made in China 2025" aims to make China a tech superpower by advancing development of industries that in addition to semiconductors includes artificial intelligence, pharmaceuticals and electric vehicles. | (Ng Han Guan/AP)

China is preparing to replace its existing ‘Made in China 2025’ industrial policy with one that promises more openness to foreign countries.

The policy has been a bone of contention with the Trump administration, which has sought broad changes in its ongoing trade talks with Beijing to help U.S. companies compete in China.

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China Donald Trump Manufacturing Tariffs Trade Xi Jinping