Chinese officials have reached out to Treasury Secretary Steven Mnuchin, who has reacted positively to China’s overtures in the auto and financial sectors. Many economists in the United States, including some at the Treasury, share that view. Germany and other countries also have industrial policies, and the United States has not objected to them, he added. Other advisers and officials said that the United States had misunderstood the Made in China 2025 industrial policy. In some respects, the hard stance struck by Chinese officials reflects a hardening of public attitudes in China.

Source: New York Times April 30, 2018 11:07 UTC