A decade ago the Chinese government announced plans to transform the country from 'a low-cost manufacturing base into a high-tech superpower'. Did it work?
President Xi Jinping 's policy aimed for China to be world leader in a range of industries, from advanced computing to aerospace, and came with big investments in related technology like artificial intelligence and electric vehicles.
"Any analysis of People's Republic of China competitiveness across these 10 areas has to acknowledge that China is either a global leader or close follower in almost all of them," said Ms Gorman, managing director of the German Marshall Fund's technology program in Washington.She highlighted two examples of that success, including how Huawei grew to lead the world in 5G and advances in clean energy.
"In others like biotechnology, the People's Republic of China has seen some success and is poised to grow further in an era of big data and genetics applied to medicine," she added.US President Donald Trump and Chinese President Xi Jinping in Japan in 2019, after the first US tariffs were implemented.In 2018, Made in China caught the attention of US President Donald Trump during his first stint in the White House.
Following the US backlash, references to Made in China in Chinese state media and official documents "dropped precipitously" from June 2018, but China's industrial ambitions continued, the Harvard analysis said. Dr He-Ling Shi, from Monash University, said state media was "obligated to sing praises" because 2025 marked the final year of the plan.
but didn't mention specific tariffs in his inaugural address as he was sworn in as the 47th US president.Mr Trump would also issue a broad trade memo that stopped short of immediate tariffs but directed federal agencies to evaluate US trade relationships with China, Canada and Mexico, a Trump administration official added.
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