‘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
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
‘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