US Needs ‘New Vision’ for Industrial Policy to Outcompete China: Experts

US Needs ‘New Vision’ for Industrial Policy to Outcompete China: Experts
A worker toils at a manufacturing plant of Sany Heavy Industry Co. in Changsha, Hunan province, China, on Oct.19, 2019. Thomas Peter/Reuters
Andrew Thornebrooke
Andrew Thornebrooke
National Security Correspondent
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The United States has fallen behind China and numerous other countries in its global share of key industrial sectors, according to several experts in technology and industrial policy.

U.S. global shares in high-value industries have fallen so dramatically that the nation now ranks just above Italy and behind Mexico in a list of key advanced industries, said experts at an April 27 industrial strategy conference hosted by the Information Technology and Innovation Foundation (ITIF) think tank.
Andrew Thornebrooke
Andrew Thornebrooke
National Security Correspondent
Andrew Thornebrooke is a national security correspondent for The Epoch Times covering China-related issues with a focus on defense, military affairs, and national security. He holds a master's in military history from Norwich University.
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