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RE: LeoThread 2025-02-27 07:27

in LeoFinance2 days ago

Part 4/10:

So, how has China accomplished such a comprehensive rise across numerous technological domains? The strategy can be traced back to 2015 when the Chinese government unveiled its ambitious initiative, Made in China 2025. The plan aimed to transition the country from being a low-cost goods manufacturer to a global leader in advanced technology, with a focus on self-reliance in supply chains for cutting-edge innovations.

Made in China 2025 has been widely viewed as successful; an analysis from the South China Morning Post reveals that 86% of its more than 250 specific technological goals have already been met. Particularly remarkable achievements can be noted in sectors like electric vehicles and renewable energy production.

Tools for Success: State-Backed Capitalism