What Happened
Beijing Tightens Grip on Manufacturing and Trade with New Industrial Policy
According to a report by the US Chamber of Commerce, China is expanding state support beyond key sectors such as electric vehicles, semiconductors, and clean energy, and extending industrial policy across almost every part of its economy. This shift is strengthening China’s position in global manufacturing and deepening the world’s dependence on Chinese supply chains. The report warns that advanced economies could face long-term erosion in manufacturing competitiveness if current trends continue, with up to $650 billion in exports potentially exposed to Chinese market share gains by 2030. The report was first published by India’s News.Net.