China looks like it's going to give Trump a huge symbolic trade war win, fueling hope for a big deal

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• China is scrapping its Made in 2025 economic plan, according to a new report.
• The plan laid out a roadmap for China's economic dominance in key industries such as technology and manufacturing, but was controversial among foreign leaders.
• Beijing's new economic plan would reportedly place more emphasis on a level playing field for state-owned, private, and foreign firms.
• It's unclear the depth of these reforms, however, and it could be a symbolic olive branch to President Donald Trump to ease trade war tensions.

The Chinese government is reportedly going to put on ice its well-publicized, controversial plan for economic dominance, in a move that could hand President Donald Trump a big, if symbolic, trade war victory.

According to the Wall Street Journal, Beijing is preparing to replace its Made in China 2025 plan with a new economic blueprint that would aim for increased access to China for foreign companies.

See the rest of the story at Business Insider

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See Also:

• Trump promises China is 'back in the market' for US soybeans, but government data suggests otherwise
• We're finally seeing some encouraging signs in the US-China trade war
• China is reportedly close to cutting its tariffs on US cars, a big trade-war concession to Trump

SEE ALSO: US companies forked over a record amount in tariffs in October — $6.2 billion! — because of Trump's trade war

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