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Beijing's 'Made in China' Plan Is Narrowing Tech Gap, Study Finds

5 days 9 hours ago
An industrial plan China rolled out a decade ago that was criticized by the U.S. as protectionist has been highly successful in narrowing China's technological gap with the West, a new study finds. From a report: The study, commissioned by the U.S. Chamber of Commerce, is set to intensify the debate in Washington and elsewhere over how to counter China's use of state subsidies and other strategies to bolster its competitiveness. To placate President Trump during his first-term trade war with China, Beijing dropped mentions of the "Made in China 2025" plan, leader Xi Jinping's signature industrial strategy, from public discourse. But the policy stayed in place. The study, released Monday, shows that enormous state support unleashed under the strategy has enabled China to eliminate or reduce its dependence on imports such as rail and power equipment, medical devices and renewable-energy products. In addition, Chinese companies have become more competitive globally, gaining market share from foreign companies in sectors including shipbuilding and robotics. The findings in the study, conducted by economic consulting firm Rhodium Group, highlight the stakes for the U.S. and other advanced economies as Beijing continues to advance Xi's blueprint to make China a leader in high-tech industries.

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Apple Will Appeal Contempt Ruling in Epic Games Case Over App Store

5 days 10 hours ago
Apple on Monday lodged an appeal to challenge a U.S. judge's ruling that ordered the tech company to immediately open its lucrative App Store to more competition. From a report: Apple in a court notice it will ask the San Francisco-based 9th U.S. Circuit Court of Appeals to review the April 30 ruling, which found the company in contempt of an earlier order in a 2020 antitrust lawsuit brought by Epic Games. U.S. District Judge Yvonne Gonzalez Rogers said in her decision that Apple willfully failed to comply with a 2021 injunction designed to allow developers to more easily steer consumers to potentially cheaper non-Apple payment options. Gonzalez Rogers also referred Apple and one of its executives to federal prosecutors for a possible criminal contempt investigation.

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