"Made in China" hi-tech plan risks pushing out foreign competitors, European businesses say

It has been long noted that China has been steering away from heavy industrial industry and is shifting into innovative, hi-tech sectors.

"China produced 90% of the world’s mobile phones, 80% of computers and 60% of colour TV sets in 2015" which has helped China to economically grow to where it is today. Critics say its manufacturing is still "low value, energy intensive and highly polluting."

In order to shift from manufacturing to highly innovative sectors, China is giving their domestic companies more lenient regulations over foreign competitors. European businesses are urging China to reform and open the market to foreign companies as there were cases where the foreign competitors found themselves forced to transfer technology in exchange for market access in China. 

With the above taken into account, how much more are foreign companies willing to invest in China and will this result in a decline of sending relocating employees to China?