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What economic strategy is China aiming to achieve with its "Made in China 2025" initiative?
- a)Attaining 50% self-sufficiency in high-tech industries by 2035
- b)Competing with other manufacturing rivals by 2025
- c)Transforming into a global manufacturing powerhouse by 2049
- d)Focusing solely on traditional manufacturing sectors
Correct answer is option 'C'. Can you explain this answer?
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What economic strategy is China aiming to achieve with its "Made in C...
China's "Made in China 2025" initiative is a strategic plan aimed at positioning China as a global leader in high-tech manufacturing by 2049. This strategy focuses on transforming into a global manufacturing powerhouse by 2049, emphasizing advancements in high-tech sectors like electric vehicles and renewable energy. The initiative outlines specific goals, including achieving 70% self-sufficiency in high-tech industries by 2025 and competing with other manufacturing rivals by 2035.
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What economic strategy is China aiming to achieve with its "Made in C...
Overview of "Made in China 2025"
The "Made in China 2025" initiative is a strategic plan launched by the Chinese government to transform the country into a global manufacturing leader. The primary aim is to elevate China's manufacturing capabilities, focusing on high-tech and advanced industries.
Key Objectives of the Initiative
- Global Manufacturing Powerhouse
- The initiative targets making China a dominant player in the global manufacturing landscape by 2049, coinciding with the centenary of the People's Republic of China.
- High-Tech Focus
- Emphasizes innovation and self-sufficiency in key sectors such as robotics, aerospace, and biotechnology.
- Reducing Dependence on Imports
- Aims to decrease reliance on foreign technology and components, fostering domestic production capabilities.
Strategic Importance
- Economic Transition
- Shifts from traditional manufacturing to advanced technology-driven industries, enhancing overall productivity and competitiveness.
- Investment in R&D
- Encourages significant investments in research and development to spur innovation and create cutting-edge products.
Challenges and Global Context
- International Competition
- As other nations also pursue similar goals, China faces competition from countries like the U.S., Japan, and Germany, which could impact its ambitions.
- Trade Policies
- Ongoing trade tensions may affect the initiative's execution, as global partnerships are crucial for technology transfer and collaboration.
In summary, "Made in China 2025" is fundamentally about positioning China as a global manufacturing powerhouse by 2049, with a strong emphasis on high-tech industries and self-sufficiency.
The "Made in China 2025" initiative is a strategic plan launched by the Chinese government to transform the country into a global manufacturing leader. The primary aim is to elevate China's manufacturing capabilities, focusing on high-tech and advanced industries.
Key Objectives of the Initiative
- Global Manufacturing Powerhouse
- The initiative targets making China a dominant player in the global manufacturing landscape by 2049, coinciding with the centenary of the People's Republic of China.
- High-Tech Focus
- Emphasizes innovation and self-sufficiency in key sectors such as robotics, aerospace, and biotechnology.
- Reducing Dependence on Imports
- Aims to decrease reliance on foreign technology and components, fostering domestic production capabilities.
Strategic Importance
- Economic Transition
- Shifts from traditional manufacturing to advanced technology-driven industries, enhancing overall productivity and competitiveness.
- Investment in R&D
- Encourages significant investments in research and development to spur innovation and create cutting-edge products.
Challenges and Global Context
- International Competition
- As other nations also pursue similar goals, China faces competition from countries like the U.S., Japan, and Germany, which could impact its ambitions.
- Trade Policies
- Ongoing trade tensions may affect the initiative's execution, as global partnerships are crucial for technology transfer and collaboration.
In summary, "Made in China 2025" is fundamentally about positioning China as a global manufacturing powerhouse by 2049, with a strong emphasis on high-tech industries and self-sufficiency.
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What economic strategy is China aiming to achieve with its "Made in China 2025" initiative?a)Attaining 50% self-sufficiency in high-tech industries by 2035b)Competing with other manufacturing rivals by 2025c)Transforming into a global manufacturing powerhouse by 2049d)Focusing solely on traditional manufacturing sectorsCorrect answer is option 'C'. Can you explain this answer?
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What economic strategy is China aiming to achieve with its "Made in China 2025" initiative?a)Attaining 50% self-sufficiency in high-tech industries by 2035b)Competing with other manufacturing rivals by 2025c)Transforming into a global manufacturing powerhouse by 2049d)Focusing solely on traditional manufacturing sectorsCorrect answer is option 'C'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about What economic strategy is China aiming to achieve with its "Made in China 2025" initiative?a)Attaining 50% self-sufficiency in high-tech industries by 2035b)Competing with other manufacturing rivals by 2025c)Transforming into a global manufacturing powerhouse by 2049d)Focusing solely on traditional manufacturing sectorsCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What economic strategy is China aiming to achieve with its "Made in China 2025" initiative?a)Attaining 50% self-sufficiency in high-tech industries by 2035b)Competing with other manufacturing rivals by 2025c)Transforming into a global manufacturing powerhouse by 2049d)Focusing solely on traditional manufacturing sectorsCorrect answer is option 'C'. Can you explain this answer?.
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