How much progress has China made towards its goal?
Facing heightened international scrutiny, China started to dial things back.
In 2019, Beijing began dropping all mentions of the industrial strategy from its official documents.
However, observers said the policy is still alive and kicking, adding that China will not abandon its pursuit of developing advanced technology.
Despite downplaying the “Made in China 2025” slogan, it continues to pump in subsidies to keep the wheels turning for automakers, chip producers, and other high-tech players.
Dr Wang Huiyao, founder and president of Beijing-based think tank Center for China and Globalization, said this kind of “planning exercise” is “very useful” given that China contributes more than one-third of the global gross domestic product (GDP) growth.
“China always has some kind of planning,” he added.
