As trade talks between the U.S. and China continue, "China Manufacturing 2025 (CM2025)" is at the center of discussion. The CM2025 program officially focuses on ten high tech industries including robotics, semiconductors and New Energy Vehicles. Originally approved by the State Council in 2015, the initiative is a national strategy for China, once considered to be loosely based on Germany's Industry 4.0, to upgrade and modernize various high tech industries.
CM2025 raised concerns from the foreign business community with the apparent setting of firm targets for domestic and international market share, the goal of attaining self-reliance for key components and turning the concept of indigenous innovation into reality. A 2017 European Chamber report in particular raised concerns regarding the subsidy-driven model and state-led investment taking priority over market forces.
More than three years later the development of CM2025 remains unclear. Although references to the initiative directly from the government have become less prominent and the firmness of earlier targets downplayed, many have reported that significant capital continues to be allocated to companies operating in these industries. Concurrently brash talk of export controls or decoupling of supply chains coming from some corners in the US may have only served to accelerate the realization of certain elements of the initiative.
The European Chamber is delighted to welcome Kent Kedl, Senior Partner, Control Risks to explain recent developments relating to CM2025, and to highlight how policy goals are being rolled out at both the local and national levels and to what extent the program may have been affected by the ongoing US-China trade dispute. Kedl will be joined by Lance Noble, Senior Thematic Policy Analyst at Gavekal Dragonomics. Much of Mr. Noble's research over the last three years has focused on how CM2025 is being rolled out. Prior to joining Gavekal he was the lead pen for the European Chamber's own report on the initiative: China Manufacturing 2025, Putting Industrial Policy Ahead of Market Forces.
Agenda
14:00–14:30 Registration
14:30–14:35 Welcome remarks by European Chamber representative
14:35–15:05 Presentation by Kent Kedl, Senior Partner, Control Risks
15:05–15:35 Presentation by Lance Noble, Senior Thematic Analyst, Gavekal Dragonomics
15:35–16:00 Discussion and Q&A, moderated by Rachel Morarjee, States' Representative, European Chamber
Views expressed at this event should not necessarily be considered as representing the position of the European Union Chamber of Commerce in China
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