China's quest to catch up with the West
August 14, 2019
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13:46Now PlayingChina's quest to catch up with the West
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as posted by the channelLow-cost manufacturing has run its course. Now Beijing wants to transition into a modernized economy like Germany and Japan.
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STRASBOURG - China seeks to redesign its economy from export-driven labour-intensive manufacturing to domestic-based consumption, services and high-tech. The blueprint, known as Made in China 2025, is the first of three 10-year plans that seek to transform the country from the top down, just in time for the 100th anniversary of the founding of the People’s Republic of China.
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