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“Made in China 2025” initiative, nearing Beijing’s target, threatens U.S.
U.S. Senator Marco Rubio (R-FL)
September 10, 2024
…[I]n May 2015, Beijing went public with a 10-year plan to dominate high-value, high-technology sectors…. [W]ith the decade reaching its close, we have taken stock of China’s progress. The takeaway from our new report: “China has reached, or is near to reaching, the technological cutting edge in most of the sectors it has targeted”….
[China] exports more electric vehicles—and more cars generally—than any other country. It controls more than 80 percent of the global solar power supply chain and has completed the world’s first fourth-generation nuclear reactor. In high-speed rail, China boasts an astonishing 28,000 miles of track. Even more astonishing is China’s shipbuilding capacity, which…exceeds America’s by a factor of more than 200….
China’s space sector can compete with America’s and Russia’s…. Chinese biotech companies…are producing novel drugs and therapies. China’s new materials research and development base is vast, if unexceptional, and in robotics, Chinese firms are steadily encroaching on international firms…. Finally, Beijing’s microchip manufacturers…are achieving a dominant position in the production of so-called legacy chips….
Some commentators will dismiss this message because it cuts against the grain of a popular narrative that China’s economy is on the brink of collapse…. But we should not assume that outcome…. And even if we are confident China will cease posing a threat in the future, that does nothing to answer the threat it poses today…. To prevent China from eclipsing the United States entirely in the decade that follows, we need an industrial policy of our own.
This will require dramatic investment in sectors critical to our security and prosperity. It will require similarly dramatic deregulation…. It will require tariffs, technology transfer restrictions and other trade barriers to…account for Chinese corporations setting up shop in third countries. Last, but not least, it will require a stronger shield against Chinese espionage and intellectual property theft….
This is not a call to [adopt Beijing’s methods]. It is simply a call to return to America’s roots of supporting critical industries, both proven and promising…. If we fail to do so, despite bipartisan agreement on the need to increase America’s competitiveness, we will have learned nothing from “Made in China 2025.”