Monday, May 05, 2025

Beijing’s ‘Made in China’ Plan Is Narrowing Tech Gap

The study, released Monday, shows that enormous state support unleashed under the strategy has enabled China to eliminate or reduce its dependence on imports such as rail and power equipment, medical devices and renewable-energy products. In addition, Chinese companies have become more competitive globally, gaining market share from foreign companies in sectors including shipbuilding and robotics.

Posted by snoofy at 09:26 PM | 4 COMMENTS | permalink

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"China today is very different from China in 2015, and that has a lot to do with an industrial policy that has been predicated upon unprecedented state funding," said Camille Boullenois, an associate director at Rhodium and lead author of the report. "There is no doubt that China will continue to narrow the gap and increase its competitiveness."

Comments

imo, China seems to take a long term approach to the problems it faces.

Unlike Pres Trump's apparent, ~what will this do for me now,~ transactional approach.

How will China's approach fare with regard to Pres Trump's recent statements that -he alone- makes and decides the trade deal, not the two entities involved?


Time will tell.


#1 | Posted by LampLighter at 2025-05-05 10:22 PM

"an industrial policy that has been predicated upon unprecedented state funding"

Whereas Trump's policy is built on unprecedented state tariffs.
Government does two things, one is Tax the other is Spend.

China is growing their economy by increasing spending.
Trump is shrinking our economy by increasing taxation.

Republicans used to know I'm right.

#2 | Posted by snoofy at 2025-05-05 10:29 PM

@#2

Well, it does seem to be obvious that CHina is trying to grow its economy. It has been for a while, because the China economy did not have a good recovery from COVID.

On the other hand, the US economy looks to have been one of the best in the world in its recovery from COVID.

So, now, what does Pres Trump seem to be wanting to do?

I'll be kind ...

Stifle the US economy?

And for what reason?

#3 | Posted by LampLighter at 2025-05-05 11:05 PM

"#3 | Posted by LampLighter"

China is literally collapsing before our eyes. They already blinked and exempted 25% of US exports from their tariffs. Their electric car companies are dying because they all need Snapdragon chips and they can't get them. Youth unemployment is reported at over 14% and more factories are closing daily. Oh, and they just pissed off Europe with their exposing the European luxury scam. China has no friends and the world will be better off after it implodes.

#4 | Posted by ScottS at 2025-05-06 10:39 AM

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