Project Syndicate: U.S. needs to fight China with its own aggressive industrial policy

BERKELEY, Calif. (Project Syndicate) — With its ambitious Made in China 2025 strategy, China has made clear its objective to secure global economic leadership in advanced technology industries. This places it in direct competition with the United States — which currently leads in those industries — in what is emerging as an undeclared but intensifying cold war over technologies with both commercial and military applications.

With its investments in such dual-use technologies, China is seeking more than to compete commercially with the U.S.; it is also seeking greater military and geopolitical power. And it has deployed a variety of methods — including weak intellectual property (IP) protections, technology transfers as a condition for joint ventures with Chinese partners, evasion of export controls, and regulatory harassment — to acquire such technologies from the U.S.

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