ECCT Greater China Business Committee Lunch 

China Manufacturing 2025: 
Putting Industrial Policy Ahead of Market Forces  

Guest speaker
Carl Hayward, General Manager & Director of Communications, European Union Chamber of Commerce in China

Date: Wednesday, 3 May 2017, 12:00 – 14:00
Venue: The Sherwood Taipei,  Ming Yuan (3F) / 台北西華飯店3樓 明元廳
Address: 111 Min Sheng E. Road, Sec 3, Taipei / 台北市民生東路三段111號 MAP
In its latest report, the European Union Chamber of Commerce in China highlights the impact that heavy state-steered intervention is having on China's Manufacturing 2025 initiative. The report titled "China Manufacturing 2025: Putting Industrial Policy Ahead of Market Forces" analyses the initiative's goals, which include achieving domestic and international market-share targets in ten industries, attaining self-reliance for key components and turning the concept of ‘indigenous innovation' into reality. The report finds that these goals are being achieved through the adoption of a number of ‘old school' policy tools, which poses a threat to China's international relationships and could result in significant damage to its domestic economy.

Under recently passed-legislation in the new energy vehicle (NEV) industry, for example, European business is facing intense pressure to turn over advanced technology in exchange for near-term market access; in the field of industrial robotics, government subsidies are contributing to overcapacity in the low- and mid-tiers of China's market; and in the information technology industry European business is seeing market access constrict further.

At this event our guest speaker, Carl Hayward, General Manager & Director of Communications at the European Union Chamber of Commerce in China and chief editor of the report, will give a summary of the report's main findings and the implications for European business in China.
About the speaker