Lou Jiwei said Beijing was trying to predict the unforeseeable by handpicking industries to lead the world. Photo: Simon Song

‘Made in China 2025’ all talk, no action and a waste of taxpayers’ money, says former finance minister Lou Jiwei

  • China’s tech strategy was flawed from the start, according to the man who was finance minister from 2013 to 2016
  • Government should not have chosen which industries to back and should trust the market, Lou says after ‘two sessions’ panel meeting
Topic |   Two Sessions 2019 (Lianghui)

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Lou Jiwei said Beijing was trying to predict the unforeseeable by handpicking industries to lead the world. Photo: Simon Song
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