Latest news with #MadeInChina2025
Yahoo
26-05-2025
- Business
- Yahoo
Beijing reportedly mulling a new 'Made in China 2025' plan
Beijing is weighing a new version of Chinese leader Xi Jinping's 'Made in China 2025' campaign, a decadelong effort to make the country self-sufficient in technology, Bloomberg reported. It comes as US President Donald Trump pushes businesses to shift production away from China, in a 'strategic decoupling' aimed at encouraging US manufacturing and supply chain resilience. The new plan would likely focus on boosting chip-making equipment and other technologies amid Beijing's escalating war with Washington over access to semiconductors capable of powering advanced artificial intelligence. China believes it can undercut America's monopoly over advanced AI by practically applying the technology to solve problems of economic growth, The Economist wrote.
Bloomberg
26-05-2025
- Business
- Bloomberg
Xi Weighs a New Made-in-China Plan Despite US Call to Rebalance
President Xi Jinping's government is considering a new version of its master plan to boost production of high-end technological goods, according to people familiar with the matter, signaling its intention to keep a firm grip on manufacturing as President Donald Trump looks to bring more factories back to the US. Officials are drawing up plans for a future iteration of Xi's flagship 'Made in China 2025' campaign, according to the people, who asked not to be identified discussing deliberations that aren't public. The plan over the next decade would prioritize technology including chip-making equipment, one of the people said, adding that it may not carry a similar name to avoid drawing criticism from Western countries.
Japan Times
20-05-2025
- Business
- Japan Times
Ten years of Made in China 2025 sees mixed success
A decade ago this month, China launched Made in China 2025 (MIC2025), a 10-year program of economic restructuring so bold and controversial that within three years the Beijing government essentially banned that moniker from use in official communications (although the project remained in place). MIC2025 aimed to transform China from a low-cost manufacturer to the world's leader in key technologies. MIC2025 set an ambitious agenda and a decade on, first assessments conclude that it has had mixed success but insist that its ambitions and objectives will guide Chinese policymaking for decades to come — no matter what the project is called. It is up to the world to respond. The record thus far has not been promising. Then-Premier Li Keqiang announced in May 2015 that the government was launching MIC2025 to modernize the Chinese economy and transform it from a low-cost manufacturer of goods into a, if not the, leader in the creation and production of critical technologies. The project aimed to increase domestic content in vital infrastructure sectors such as power, rail equipment and shipbuilding through technologies such as artificial intelligence, biotech, new materials and the like. Central to the project was cultivating national champions that would capture domestic and foreign markets in those sectors.
