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Who Has the Most to Lose If China’s Trade Ambition Succeeds?
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Who Has the Most to Lose If China’s Trade Ambition Succeeds?

Tom Orlik
Bloomberg Businessweek , 2018
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8

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  • Analytical
  • Overview
  • Hot Topic

Recommendation

China’s rapid growth and its aspirations to compete with other major nations have disrupted economies around the world. Its industrial plan, Made in China 2025, focuses on the technologies of the Fourth Industrial Revolution, but the initiative challenges the advanced countries that dominate these sectors. In this accessible and insightful report for executives and policy experts, economist Tom Orlik analyzes China’s objectives as well as the potential impacts of the Trump administration’s tariffs.

Take-Aways

  • Trade tensions between China and the United States are rooted in the watershed event of China’s entry into the World Trade Organization in 2001.
  • China’s exports subsequently boomed, but cheaper imports eliminated jobs in the United States and Europe, fomenting protest and populism.
  • The Made in China 2025 initiative aims to position the nation as the dominant producer in the Fourth Industrial Revolution.

About the Author

Tom Orlik is the chief economist at Bloomberg Economics.

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