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Big Take Asia: The US Pledged to Contain China’s Tech Ambitions. It’s Not Working.
Nov 1, 2024
Rebecca Choong Wilkins, a Bloomberg News correspondent with expertise in Asian government and politics, dives into China's ambitious 'Made in China 2025' initiative. She discusses how China is thriving in key technologies like solar power and electric vehicles, despite U.S. containment efforts. The conversation shifts to the evolving U.S.-China trade dynamics and military considerations, exploring how upcoming presidential elections could reshape strategies. Wilkins also presents a fresh 'suction' strategy for leveraging Chinese innovation to boost U.S. competitiveness.
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Quick takeaways
- China continues to advance significantly in key tech sectors like renewable energy and biotechnology, despite US containment efforts.
- Experts suggest the US should shift from sanctions to collaboration, engaging with China's innovations to boost its own technological capabilities.
Deep dives
China's Technological Aspirations
China's 'Made in China 2025' plan, established in 2015, aimed to position the nation as a leader in key technological sectors while reducing reliance on foreign technologies. This initiative emphasizes self-sufficiency and the cultivation of a competitive edge in industries such as aerospace, biotechnology, and renewable energy. Current assessments indicate that China has made significant advancements, achieving global leadership in five of the thirteen key technologies tracked, including solar panels and electric vehicles. This success can be attributed to targeted governmental support that channels resources efficiently into prioritized sectors.
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