China issued its “Made in China 2025” plan in 2015. Here is an excerpt from Bloomberg:
- What’s the connection with Trump’s tariffs?
“Made in China 2025” identified 10 industries that the world’s second-biggest economy wants to become globally competitive in by 2025, and globally dominant in during this century.
Trump’s proposed tariffs on $50 billion of imports takes aim at many of the industries highlighted in the plan. The blueprint envisions warp-speed expansion and domination in the so-called “fourth industrial revolution,” a catch-all term for the rapid technological progress that’s seen transforming services and professions.
- What are the 10 industries?
The Targets: Robotics, new-energy vehicles, biotechnology, aerospace, high-end shipping, advanced rail equipment, electric power equipment, new materials (such as those used in screens and solar cells) and new generation information technology and software (including integrated circuits and telecommunications devices), as well as agricultural machinery.
There is also a separate development strategy for Artificial Intelligence, published in 2017; China wants to become the world’s primary AI innovation center by 2030.
That’s the competition for the US. In Washington, politicians are too busy looking into the crimes of top governmental officials who almost took over top governmental agencies with their collusions against the president. They are also preoccupied with the war against the president using the fictional Russian Collusion, indicting 13 Russians who will never come to the US, terrorizing former Trump campaign advisers with middle-of-the-night raids on their house (Manafort), handcuffing and body searching his wife in a night gown. You wonder if we are in the Soviet Union.
The Congress has no time for a 20 year plan. Their plan goes no further than the next election.
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