China to Reduce Government Intervention in Industrial Sector

March 27, 2019

China will reduce direct government intervention in its vast industrial sector, the industry minister said on Monday, as Beijing seeks to ease concerns about its industrial policy, core to Washington's complaints in the Sino-U.S. trade war. The government's pledge to reduce its influence over operational matters in China's manufacturing sector follows an apparent toning down of its high-tech industrial push, which has long annoyed the United States.