Metzler meets Science: MERICS – Round table discussion on the “Made in China 2025“ industrial strategy - 7.11.2019

China's high-tech ambitions in difficult times

“With its 'Made in China 2025' industrial strategy, China aims to become a global technology leader,” reports Dr. Max Zenglein, head of the economics program at Mercator Institute for China Studies (MERICS). Almost five years after announcement of China's "Made in China 2025" industrial strategy, the time has come for a mid-term assessment, especially since the smoldering trade conflict with the USA and declining Chinese economic output have been additional obstacles to achieving high-tech targets. Nevertheless, Zenglein still sees the country on track to implementing its master plan by 2025. "The 'Made in China 2025' strategy is already having an impact on Europe, and European companies are facing increasing competition – in third markets as well as in China," says Zenglein. China is still very dependent on foreign technology, such as semiconductors and materials research, but great progress has been made in core technologies like battery technology and artificial intelligence. Furthermore, R&D of future technologies is being shifted to China more and more, for example in the areas of autonomous driving and smart cities.

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