China’s industrial policies threaten up to $650 billion in manufacturing output from many of the world’s most advanced economies, a new report has warned.
The analysis says Beijing’s strategy risks hollowing out industrial capabilities in G7 countries by 2030.
Chinese policies are becoming more systematic and pervasive, according to the report published on Monday by the U.S. Chamber of Commerce and prepared by the Rhodium Group research firm.
Beijing is actively reinforcing control over value chains using regulations and economic coercion, it states.
The G7 group comprises Canada, France, Germany, Italy, Japan, the UK, and the United States. The $650 billion figure equals around 12 percent of their manufacturing exports if current trends continue….
China’s Industrial Policy Threatens $650 Billion of G7 Exports, US Chamber Warns
