China has long yearned to become self-sufficient and globally competitive in advanced technologies, and has invested heavily in industries ranging from electric vehicles and robotics to aerospace. In order to achieve this goal, China has employed a number of questionable trade practices, including forced technology transfers, massive state subsidies, and targeted acquisitions of foreign technology companies. These goals and policy practices present a major challenge to Western manufacturing and high-tech sectors.
On February 7th, Hudson hosted a panel to discuss its new report, Chinese Economic and Trade Challenges to the West: Prospects and Consequences from a U.S.-German Perspective. The report outlines strategies for Germany, the United States, and their allies that promote cooperation to counter the unique challenge of modern Chinese mercantilism. The panel includeed Dr. Jurgen Ruttgers, Chairman of the European Commission’s High Level Strategy Group for Industrial Technologies; Dr. Kent Hughes, former Associate Deputy Secretary of Commerce for International Trade; and Dr. Thomas Duesterberg, Senior Fellow, Hudson Institute. The discussion was moderated by Hudson’s President and CEO Kenneth R. Weinstein.
Hudson Institute is grateful for the support of the Konrad-Adenauer-Stiftung in funding the research and completion of the report.
To view Dr. Duesterberg’s slides, click here.