William Zarit, chairman of the American Chamber of Commerce in China, said there was a move in Washington to develop a box of tools to address investment inequalities and Chinese policies that favour local industry.
China launched its Made in China 2025 push two years ago to turn the country into a champion of high technology, innovation and advanced manufacturing.
Zarit said the policy was supported by the “heavy hand of the government” in the form of subsidies, preferential loans and forced technology transfer. Those approaches could distort markets, he said.