‘Made in China 2025’ was China’s plan to upgrade its hi-tech industries and lessen its dependency on imports, although this has been downplayed due to pressure from its key trading partners, including the US and the European Union. Photo: Xinhua
Economy /  China Economy

China bracing for US tech war with plan to cut reliance on imports of key components to just 25 per cent

  • Beijing downplayed its ‘Made in China 2025’ plan under pressure from the US, but is now aiming to rely on domestic production for 75 per cent of its key components
  • Former minister Li Yizhon also said that China is planning to create 40 ‘national manufacturing innovation centers’ by 2025
Topic |   China economy
Amanda Lee
Amanda Lee in Beijing

Updated: 10:03pm, 15 Jan, 2020

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‘Made in China 2025’ was China’s plan to upgrade its hi-tech industries and lessen its dependency on imports, although this has been downplayed due to pressure from its key trading partners, including the US and the European Union. Photo: Xinhua
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Amanda Lee

Amanda Lee

Beijing-based correspondent Amanda Lee covers markets and the economy for the Post, with an interest in China's economic and social landscape. A graduate of the London School of Economics, she joined the Post in 2017 and has previously worked for Thomson Reuters and Forbes.