Source: Tech – South China Morning PostSince the launch of the Made in China 2025 plan a decade ago to foster industrial upgrading, it has been widely depicted in the West as a state-led market distortion and doomed to fail. Yet the outcome is far from failure.
State-led efforts under the 10-year plan have provided a solid foundation for advancements, especially in the information technology realm. While exogenous shocks have caused significant disruptions, the plan has fostered self-sufficiency and contributed to China’s long-term…Read More