

Years of Restrictions Didn't Slow China's Quest for Tech Dominance
31 snips Oct 31, 2024
Rebecca Choong Wilkins, a Bloomberg News reporter with expertise in China's economy, and Gerard DiPippo, a senior geoeconomics analyst, dive deep into China's 'Made in China 2025' initiative. They discuss China's remarkable advancements in electric vehicles and solar energy despite U.S. restrictions. The duo examines the geopolitical tensions stemming from these technological strides and the challenges Chinese firms face in the semiconductor race. They also touch on the socioeconomic realities within China's tech workforce, highlighting rewards alongside daily struggles.
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Xi's Vision
- Made in China 2025 reflects President Xi Jinping's vision for China's economy.
- It emphasizes key sectors as crucial for national development and aligns with Xi's economic direction.
Iterative Process
- Made in China 2025 is part of an iterative process, influenced by past policies and global trends.
- Unlike previous plans focused on catching up, it aims for leadership in 10 strategic sectors.
Downplaying the Slogan
- China toned down "Made in China 2025" due to negative reactions in the West.
- However, the core goals are integrated into the current five-year plan.