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This post was edited by sfphoto at 2018-4-18 16:05|
Made in China 2025 is designed to upgrade domestic industries to serve domestic markets using indigenous designs and technologies. That means more R&D spending to develop indigenous brands, channels, designs and technologies.
Made in China 2025 is intended to restructure the economy away from low-cost manufacturing industries serving export markets to high-value technology and services industries serving domestic markets.
The Trump Administration is wrong to think that US-imposed trade tariffs on the industrial sectors included under Made in China 2025 will deter the restructuring of China’s economy. Almost all the industry sectors targeted for US trade tariffs are intended for the Chinese and not the US market, i.e., airplanes, high-speed rail, maglevs, semiconductors, robots, AI, biotech, etc. In some sectors such as high-speed rail, 4G/5G telecommunications, electric vehicles, maglevs, etc., China is already ahead of the USA.
Trump is blowing hot air which is just much ado about nothing.