Economy Watch

Industry in China: Goals and Achievements of the Last Decade and Upcoming Challenges

Illustration generated by DALL· E for editorial use

In 2015, China set out to achieve global leadership within a decade in 10 key industrial sectors. The result was outstanding in cases such as electric vehicles (EVs), robotization, solar panels, shipbuilding and high-speed trains. In the context of the current trade war, China's great challenge is to achieve self-sufficiency in advanced microchips.

By Gustavo A. Girado

Released in May 2015, the "Made in China 2025" (MiC2025) is Beijing's master plan for industrial policy. The plan set out to catapult China to the status of "manufacturing power by 2025" and make the country the industrial and innovation leader by 2049 when the 100th anniversary of the founding of the People's Republic of China will be celebrated.

Originally, China aimed to achieve world leadership within a decade in 10 key sectors: next-generation information technology (including semiconductors); numerically controlled machine tools and robots; aerospace equipment; high-tech shipping and ocean engineering; rail transportation equipment; energy-saving vehicle technology; new materials; advanced pharmaceuticals and medical equipment; agricultural machinery; and power generation equipment.

By Gustavo A. Girado

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