China is considering to postpone its “Made in China 2025” technology plan that aims to develop local expertise and skills and reduce the nation’s reliance on foreign technology.
According to sources that spoke to Bloomberg, the country is revising its plans to become an advanced manufacturing leader within a decade until 2035.
Initiated in 2015, “Made in China 2025” is a state-sponsored drive to reduce the nation’s reliance on foreign technology and to develop local expertise and research an ddvelopment. The strategy’s goal is to dominate high-end technologies and to put more focus on shaping industry standard, by targeting 10 emerging sectors, including robotics, clean-energy vehicles and biotechnology.
China is currently embroiled in a trade war with the US, with US President Donald Trump citing unfair policies and practices that hinder American access to Chinese markets – the worlds’ second-largest economy.
According to Bloomberg, a less aggressive technology plan could address concerns raised by the Trump administration that Beijing unfairly subsidise Chinese companies and steals American intellectual property.China said last week it would deepen reforms in the area of science and technology and put more effort into protecting intellectual-property rights.