Table of Contents
The US government has announced new protectionist tariffs targeting Chinese electric vehicles and other high-tech products. This move is part of the US' recent offensive against China's competitive industries. However, China has defended itself, stating that its industrial competitiveness is the result of continuous technological innovation, efficient production, and a complete supply chain. The Chinese automotive industry has surpassed expectations and has the potential for further growth, especially in addressing climate change and green initiatives. China's PMI in April showed that small and medium-sized manufacturing enterprises are gaining pace, demonstrating that the endogenous driving force of China's economy continues to strengthen. However, China needs to accelerate the reform in key areas such as talent training and incentive systems to develop future industries.
