Washington, Dec 12 (AP) A media reports suggest Beijing is scrapping its “Made in China” industrial policy criticised by the Trump administration in favour of one that allows greater access for foreign companies.

The Wall Street Journal said Wednesday that the revised plan would play down China’s bid to dominate manufacturing, and allow more outside competition.

The US and China are locked in a trade standoff, though President Donald Trump agreed this month to postpone more US tariff hikes on Chinese goods for 90 days while negotiations continue.

China’s economy czar and US trade envoys discussed plans for talks on a tariff battle, the government said Tuesday, indicating that negotiations are going ahead despite tension over the arrest of a Chinese tech executive.

The new program is expected to launch early next year.(AP) RUP

This is published unedited from the PTI feed.