| | | Which China industry?
43%, of exports from China in 2017 were generated by China-based Foreign Invested Enterprises (FIEs)
China is just a transformation economy, getting components parts and technology, packing and exporting the final products
Xi wants to change that transformation economy into a consumer-led growth but even that will still benefit the foreign enterpises,
In a report released by Deutsch Bank on March 27, figures revealed that General Motors, Apple, and other US companies manufactured and sold a combined total of $223 billion in goods through their Chinese branches in 2015. This figure was not factored into Sino-US trade numbers.
Thinking about 5G:
In the Information and Communications sector, which are subject to the proposed 25% tariff targets, 79% of China’s exports are from FIEs, many of which are American-owned.
Obviously, the Chinese want that high value added "computer electronics" component of the exports menu to be Chinese-owned and that is where the technology forced transfer spanner enters the machine.
Now look at the oil&gas component!
I believe China cannot grow that much more as it buys from client states that owe them big time as oil guaranteed their construction projects in these countries:
Angola, Nigeria, Venezuela and Iran
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