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Friday, March 24, 2017
China's technological revitalization strategy causes other countries to worry
ANBOUND

China is launching a series of major strategies to build technological capabilities, ranging from basic research to space technology and high-tech manufacturing, and reconstruct its industrial policy through a program called "Made in China 2025". Billions of dollars have been poured into research and overseas asset acquisitions. To be sure, China's efforts to become a major country of science and technology will push China to break through in the areas of science and technology, as well as of the industry, but this will cause China to face pressure and blockade in these areas. In the future, it would be depending on whether the Chinese economy can support these investments. Investment in science and technology and making them productive forces is time-consuming; it is likely more than 10 years are needed for the investment to become fruitful.

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