China Manufacturing 2025: Putting Industrial Policy Ahead of Market Forces
In China Manufacturing 2025: Putting Industrial Policy Ahead of Market Forces, the European Union Chamber of Commerce in China analyses the potential impact of the China Manufacturing 2025 (CM2025) initiative on both European business and China’s economy. This is accomplished through a review of the initiatives goals, which include achieving domestic and international market-share targets in ten industries, attaining self-reliance for key components and turning the concept of ‘indigenous innovation’ into reality. It also focuses on five of the ten industries covered by CM2025, including new energy vehicles, industrial robotics and semiconductors, and outlines the consequences of government intervention in these sectors.
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