Open Access“Made in China 2025” Strategy and Trade Hostility: The United States VS China
Author(s) -
Md. Salamun Rashidin,
Beijing Economics,
Sara Javed
Publication year - 2020
Publication title -
asian journal of business research
Language(s) - English
Resource type - Journals
eISSN - 2463-4522
pISSN - 1178-8933
DOI - 10.14707/ajbr.200088
Subject(s) - china , trade war , international trade , newspaper , economics , business , economy , political science , advertising , law
The current study provides an overview of the United States and China escalating trade hostility that commenced in January 2018.An attempt has been made to find the root cause of the trade war between two giant economic powers for trade dispute. Mixed method approach was adopted i-e qualitative data was gathered by conducting panel discussion with different professors and quantitative data was gathered from articles, newspapers, WTO, World Bank, WITS and MIT.edu databases. The accumulated qualitative data was analysed through content analysis; excel was used for the quantitative data analysis. Results indicate that evolving tariffs war is a hidden tactic to contaminate “Made in China 2025” industrial revolution Policy, because it’s a major hurdle against Trump’s wish of making America again super manufacturing power. In fact, China has become a super manufacturing power by upgrading in its technological sector. Moreover, tit for tat tariffs war has reverberated the entire global economy badly. Chinese rapid growth and innovative plan, higher trade deficit between China and the United States, technological development, leading manufacturing capability, foreign investment amiable environment and proper industrial plan “Made in China, 2025” are the main trigger points for the United States. Owing to these reasons, the United States has to impede the Made in China 2025 plan, and it, in fact, wishes to skip Made in China 2030.