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Tuesday, May 8, 2018

Made in China 2025 terrifies the United Sates


According to specialists, to reach the goal, Made in China 2025 will have to face several challenges such as international resistance, lack of space for private initiative and a position of historical disadvantage because competitors began the race many years before. However, the silent advance of the second largest economy in the world could bring surprises sooner than expected.

Beijing has said openly that it wants to leave behind its reputation as a supplier of cheap shoes, clothes and toys. Going from being a country of low cost labor to one of engineers. The operations that are part of the plan "Made in China 2025" had opened the tap to run billions of dollars with the aim of the country becoming an industrial and technological power. That is the horizon of the plan with which Beijing wants to conquer the world. The same plan that Donald Trump considers a "technology theft" that threatens national security and free competition and that is now at the center of a potential tariff war between the two countries.

Why is the US administration so worried? Well, Washington is so concerned about Xi Jinping's strategy, that the US Secretary of Commerce, Wilbur Ross, said it was "terrifying". “They have been the factory of the world and now they want to be the technological center of the world". Are these considerations in line with your own views? Do you think they are biased? That is exactly what China thinks. From the Asian country, they value its aspirations as completely legitimate and rates the accusations of the United States as false. "It's not about national security, it's discriminatory," said Deputy Finance Minister Zhu Guangyao.

In an interview with BBC, Ning Wang, co-author of the book "How China Became a Capitalist" and senior researcher at the Ronald Coase Institute, says that "Made in China 2025" is "desirable and beneficial for China and the rest of the countries." "As China is the largest producer of university doctors in the world, it has an obligation to be more innovative”, the expert said. However, Ning warns that the strategy has been excessively focused on state-owned companies. And of course, this issue is not in consonance with the United States of America.

"The space for private ventures should be widely expanded to increase the chances of the plan being successful," the researcher added. The transfer of technology is one of the great changes and occurs in very different ways. For example, foreign companies have the obligation to partner with local companies to enter the Chinese market. Also, there is a series of that limit the permanence of technological giants. For example, Apple would open its first data storage center in China with a local company, to comply with new regulations imposed by the government. A "cloud" with key information that will be under the mantle of Beijing.

According to Douglas Fuller, Chinese technology policy expert and professor at the University of Zhejiang, “China is taking the "win-take-all" approach, without offering enough incentives to other governments to cooperate". Therefore, is understandable that the US top officials are so worried for the path that the plan intends to take.