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China's Made in China 2025: A Success Story?
Analysis of China's Made in China 2025 plan, its successes, and its impact on global industrial policy.
French
France
TechnologyChinaFranceInternational TradeEconomic DevelopmentIndustryGlobal Competition
DjiBydTsinchuan AutomobileAcadémie Chinoise Des IngénieursNations Unies
Li KeqiangGraham AllisonRobin Rivaton
- What were the main goals of China's Made in China 2025 plan?
- Made in China 2025 aimed to reduce China's reliance on foreign technology and boost domestic innovation in ten key sectors. It sought to achieve this through government support, increased R&D investment, and the creation of national champions.
- What role did R&D and automation play in the success of Made in China 2025?
- China's investments in R&D have significantly increased, surpassing the EU and nearing US levels. This investment, coupled with automation and local government support, has driven the growth of industries such as electric vehicles.
- What are the broader implications of the Made in China 2025 plan for global industrial policy?
- The success of Made in China 2025 demonstrates the effectiveness of a focused industrial policy. It inspired similar initiatives in the US (IRA, Chips Act), while Europe remains more hesitant about such industrial strategies.
- How successful has the Made in China 2025 plan been, and what are some examples of its success?
- Despite economic slowdowns and US sanctions, China has largely met the goals of Made in China 2025, particularly in areas like electric vehicles and drones. Companies like DJI and BYD have become global leaders in their respective fields.
- Besides the central government, who else played a significant role in supporting the Made in China 2025 plan?
- The plan's success is partly due to the significant role played by local governments in providing subsidies and support to emerging industries, complementing the efforts of the central government.