Latest news with #JasmineWang
South China Morning Post
25-02-2025
- Business
- South China Morning Post
Made in China 2025: 4 questions on the country's manufacturing upgrade 10 years on
China has made significant progress in multiple industries under its 'Made in China 2025' plan that Beijing initiated a decade ago, but the state-led initiative remains controversial on the global stage amid an escalating trade war with the US. Advertisement In the latest China Future Tech webinar , South China Morning Post technology editor Zhou Xin, Political Economy Editor Jasmine Wang, Science News Editor Stephen Chen and Political Economy Correspondent Ralph Jennings discussed major questions surrounding the ambitious plan as it concludes this year, and what to expect from China's policymakers ahead of their gathering in Beijing in early March. What has China achieved under 'Made in China 2025'? When China's State Council issued the policy in May 2015, calling it the country's first 10-year action plan focusing on promoting manufacturing, China still stood at the low end of the global value chain, producing mostly cheap goods. Most cars on Chinese roads were made by Western carmakers, and both the hardware and software of computers and mobile phones were largely designed in the US. Amid global pushback, the Chinese government has publicly downplayed the 'Made in China 2025' agenda in recent years, but it has still led to profound changes in the domestic economy. Electric vehicles from local brands are popular among Chinese consumers, and the China-made C919 passenger plane has begun to serve some of the busiest routes. While China still lags in areas such as high-end semiconductors and aerospace, a Post analysis in April last year found that the country has achieved about 86 per cent of its goals What role did the government play in China's progress in technology and manufacturing? The government's support measures came through a combination of top-down policy support, fiscal support in the form of tax rebates, resource allocation for basic research and fostering talent.
Yahoo
14-02-2025
- Business
- Yahoo
Beyond 2025: what's next for China tech?
Date and time: Tuesday, February 25, 2025 | 10.30am-11.30am HKT Add to calendar: iOS | Android | Outlook Do you have questions about the biggest topics and trends from around the world? Get the answers with SCMP Knowledge, our new platform of curated content with explainers, FAQs, analyses and infographics brought to you by our award-winning team. The "Made in China 2025" plan has been controversial since the day Beijing made it public. Some pointed fingers at Beijing for employing unfair policies in growing China's preferred industries, while others called the strategy a fool's errand, feeling there was no point seeking industrial progress through "a planned economy mindset". The Chinese government was forced to play down the plan - at least in public - but kept implementing its key policies by encouraging and directing resources into the industries deemed important for the country's future. A decade later, it seems China's efforts have largely paid off. The country has become a formidable player in many strategic industries, from electric vehicles to robotics. A South China Morning Post review of the plan at the end of 2024 found that China had achieved most of its own targets. With China's political leaders set to gather in Beijing in early March to chart the country's economic and industrial future, it is critical to review what China has done right and explore what the country might do in the next decade. This webinar will try to find answers to some of the most important questions about China's industrial and technological future. Our panellists are: Zhou Xin, SCMP Technology Editor (moderator) Jasmine Wang, SCMP Political Economy Editor Stephen Chen, SCMP News Editor, Science Ralph Jennings, SCMP Senior Political Economy Reporter This article originally appeared in the South China Morning Post (SCMP), the most authoritative voice reporting on China and Asia for more than a century. For more SCMP stories, please explore the SCMP app or visit the SCMP's Facebook and Twitter pages. Copyright © 2025 South China Morning Post Publishers Ltd. All rights reserved. Copyright (c) 2025. South China Morning Post Publishers Ltd. All rights reserved.
