Workers at a production line manufacturing electronic keyboards in Tianjin, China. Photo: Reuters
Opinion
Opinion
Abacus by Tom Holland
Beijing’s ‘Made in China 2025’ plan isn’t dead, it’s out of control
The ‘Made in China 2025’ strategy, announced four years ago to great fanfare, targets a 70 per cent self-sufficiency in critical components across a range of hi-tech industries
But while authorities have publicly stopped talking about it, Beijing has continued to aggressively pursue the plan’s goals, with the central and local governments pouring billions into the development of new industries