China issues plan to promote high-tech manufacturing

China’s government has issued a plan to promote high-tech manufacturing after discarding a strategy that helped trigger a tariff war with Washington.

A statement Friday by Cabinet’s planning ncy calls for government to help manufacturers in autos, electronics, and or fields. It gives few details about how that will be carried out or wher it will involve potentially contentious market barriers or subsidies.

A previous development plan, “Me in China 2025,” called for government-led creation of Chinese global competitors in robotics, electric cars, and or fields.

United States and or tring partners complained that “Me in China 2025” and or plans based on subsidizing or shielding fledgling Chinese industries from competition would violate Beijing’s market-opening obligations.