Caspian Report
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China's quest to catch up with the West
Posted
August 14, 2019
Views
289,355
Likes
9,418
Comments
1,463
Engagement
3.76%
August 14, 2019
289,355
9,418
1,463
3.76%
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13:46Now PlayingLow-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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