WASHINGTON (Reuters) – A “vast expansion” in U.S. multinational business activity in China since 2000 may threaten American industrial competitiveness and long-term tech leadership, a new report by a congressional U.S.-China advisory commission found on Wednesday.
The U.S.-China Economic and Security Review Commission warned that rapid moves by U.S. firms away from manufacturing in China and into higher-value activities such as research and development could be “unwittingly enabling China to achieve its industrial policy objectives.”
(Reporting by Andrea Shalal and David Lawder; Editing by Chizu Nomiyama)
