China's Manufacturing-led Growth

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Chinese toy manufacturers

CNBC

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Technology

Xi wants to boost China's advance manufacturing prowess — and Trump may not like it

Summary

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86% Informative

U.S. President Donald Trump wants to boost domestic production of high-tech products, not apparel or footwear.

China is doubling down on efforts to bolster advanced manufacturing, which could put both countries on collision course.

China 's push to expand its manufacturing capabilities is part of its goal to achieve self-reliance.

There is "little scope" for China to budge and scale back its manufacturing-led strategy.

G7 finance officials convene to discuss steps to address overcapacity and unfair trade practices.

China 's grip on low-end manufacturing could undercut manufacturing in developing nations.

Beijing 's focus on manufacturing is not entirely unjustified, as Washington is likely to maintain a firm grip, restricting Beijing 's access to more advanced technology.

Some argue excess Chinese capacity could offer a silver lining for inflation-weary economies.

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formal

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English

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