China Defends Plan to Bolster Its High-Tech Industries -

China Defends Plan to Bolster Its High-Tech Industries -
By KEITH BRADSHERMARCH 19, 2017
BEIJING — A senior Chinese official on Sunday defended his country’s push for greater self-sufficiency in computer chips, electric cars
and other industries, calling it a necessary strategy in the face of Western countries’ controls of certain high-tech gear.
And while China may want more local suppliers in some sectors, Mr. Miao said,
in most industries “we still open up and welcome foreign companies to China.”
As President Xi Jinping of China has trumpeted the merits of globalization, his country
has also been criticized for protectionist policies that favor Chinese companies.
But big companies in the rest of the world worry that the program gives an unfair advantage to homegrown players, with
the stated goal of Chinese companies’ owning as much as 80 percent of specific domestic markets in eight years.