Senator Marco Rubio proposes legislation that would thwart China's "Made in China 2025" economic development initiative by limiting and taxing Chinese investment in the United States and increasing import duties on goods produced by China. industries supported by the Beijing program.

In a report released Tuesday by the US Senate Committee on Small Business and Entrepreneurship, Rubio said he wants to use China's plan as a roadmap for defensive action and to fight what he describes as a threat existential for the American industry.

"The American people know that something has gone wrong," wrote Rubio, a Florida Republican, in the introduction of the report. "Will our country be more like the land of shared opportunities my parents found on their arrival, or will we become a stagnant nation fighting over how to divide what remains?"

The "Made in China 2025" plan was introduced as a model for transforming the country into an advanced manufacturing economy. The plan, published in 2015, identified 10 industries in which China aspired to become globally competitive by 2025 and to dominate the global marketplace during this century.

Rubio is lobbying several bills, including the one he introduced with Senator Tammy Baldwin, a Wisconsin Democrat, who would track industries and finished products backed by the Chinese government and demand countervail measures. the share of the US government.

He also supports a bill he had introduced earlier this year with Democrat Senator Mark Warner of Virginia, who would create a White House office to protect against state-sponsored technology theft. and the risks for supply chains providing technology to US consumers.

The additional legislation included in the proposal would solve the problems of China's management of the Chinese currency by canceling a bilateral tax treaty with the country and removing a tax exemption from the Chinese government's income from investment in the United States.

Congressman Mike Conaway, a Republican from Texas, proposed legislation to force Chinese securities companies in US markets to disclose more information to US regulators.

In addition to sanctions for China, the report also suggests measures to increase investment in small businesses and workforce development, including increased earned income tax credit and a ban on non-competition clauses.

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