Group ac­cuses Bei­jing of dis­re­gard­ing pledges

New Straits Times - - Business World -

China is vi­o­lat­ing its free trade pledges by press­ing for­eign mak­ers of elec­tric cars and other goods to share tech­nol­ogy un­der an in­dus­try de­vel­op­ment plan that is likely to shrink ac­cess to its mar­kets, said a busi­ness group yes­ter­day.

The re­port by the Euro­pean Union Cham­ber of Com­merce added to mount­ing com­plaints that the na­tion was im­prop­erly shield­ing its fledg­ling devel­op­ers of ro­bot­ics, soft­ware and other tech­nol­ogy from com­pe­ti­tion.

The cham­ber warned tac­tics Bei­jing was us­ing to carry out its “China Man­u­fac­tur­ing 2025” ini­tia­tive might in­flame sen­ti­ments in Europe and the United States in favour of trade con­trols.

The plan calls for China to be able to sup­ply its own high-tech com­po­nents by 2020 and ma­te­ri­als by 2025 in 10 in­dus­tries from in­for­ma­tion tech­nol­ogy and aero­space to phar­ma­ceu­ti­cals.

Sup­pli­ers of elec­tric cars and other goods were un­der pres­sure to hand over tech­nol­ogy in vi­o­la­tion of Bei­jing’s World Trade Or­gan­i­sa­tion com­mit­ments, said the cham­ber.

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