China has achieved a global leadership position in key technologies including solar panels.
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China’s industrial strategy threatens hundreds of billions of dollars worth of industrial output in the world’s most advanced economies, posing a danger of hollowing out their industrial capabilities, according to a release from the largest American business lobby.
Chinese policies are “becoming more systematic and pervasive,” according to the report, published Monday by the US Chamber of Commerce and prepared by the Rhodium Group research firm. “Beijing is actively reinforcing its control over value chains using regulations and economic coercion.”