Made in China 2025

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Made in China 2025 (Chinese: 中国制造2025)[1] is a strategic plan of China issued by Chinese Premier Li Keqiang and his cabinet in May 2015.[2]

The goals of Made in China 2025 include increasing the Chinese-domestic content of core materials to 40% by 2020 and 70% by 2025.[3] The plan focuses on high-tech fields including the pharmaceutical industry which are presently the purview of foreign companies.[4]

The Center for Strategic and International Studies describes it as an "initiative to comprehensively upgrade Chinese industry" directly inspired by the German Industry 4.0.[1] It is an attempt to move the country's manufacturing up the value chain[5] and become a major manufacturing power in direct competition with the United States[6][7].

The US think tank Council on Foreign Relations stated in 2018 that it is a "real existential threat to U.S. technological leadership".[8] The Li Keqiang Government maintains that the plan is in line with the country's WTO obligations.[9] On 15 June 2018, the Trump administration imposed a higher tariff on Chinese goods, and escalated the trade tensions between China and the U.S. The tariff list mainly focuses on the products included in Made In China 2025 plan, including IT and robotics related products.[10]

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References[edit]

  1. ^ a b Made in China 2025 CSIS, June 1, 2015
  2. ^ “Made in China 2025” plan unveiled to boost manufacturing China News Service, May 2015
  3. ^ Foreign Firms Wary Of 'Made In China 2025,' But It May Be China's Best Chance At Innovation forbes.com Sara Hsu, March 10, 2017
  4. ^ China Prepares for Big Pharma Zachary Torrey, thediplomat.com 2018/03
  5. ^ Made In China 2025: A New Era For Chinese Manufacturing CKGSB, September 2, 2015
  6. ^ "What is 'Made in China 2025' — and why is it a threat to Trump's trade goals?".
  7. ^ https://www.youtube.com/watch?v=G3F-0C7bTbc
  8. ^ Why Does Everyone Hate Made in China 2025? CFR, March 28, 2018
  9. ^ China says "Made in China 2025" in line with WTO rules Xinhua, 2018-04-04, Zhou Xin
  10. ^ U.S. and China Expand Trade War as Beijing Matches Trump’s Tariffs NY Times, 15 June 2018

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