From CNBC: 2025-04-17 23:55:00

China’s 10-year plan to achieve self-sufficiency in technology fell short, fostering global trade tensions. While China exceeded targets in autos, aerospace and high-end robots lag behind. The Made in China 2025 plan highlighted the country’s aim to become a global manufacturing powerhouse, but challenges remain in tech independence.

Despite missing some targets, China has transformed, driving 29% of global manufacturing value-add. The U.S. has imposed restrictions on tech exports to China, including chipmakers Nvidia and AMD. China’s push for self-sufficiency in tech has led to rapid development but also raised concerns about global competition and security.

Huawei’s advancements in tech, including a smartphone with a 5G chip and separate operating system, show China’s progress. However, the U.S. has imposed export controls on China’s tech sector, impacting the semiconductor industry. China’s high spending on R&D raises questions about efficiency and global competitiveness in technology.

The electric car sector in China faces challenges, with automakers engaging in price wars and running losses to compete. Despite China’s advancements in tech, issues like overcapacity and security concerns remain. A focus on digital economy support in China’s 14th five-year plan sets the stage for future developments in tech and innovation. China’s attempt to meet “Made in China 2025” goals has led to involution, raising global security concerns. 20% of Chinese companies reported losses in 2024. China is shifting focus to boosting consumption after emphasizing manufacturing. Policymakers seek to align manufacturing output with domestic demand to address overcapacity.

Read more: Where ‘Made in China 2025’ missed the mark