China’s new industrial plan seems a lot like the old one

By Adam Behsudi & Orange Wang | Politico | November 20, 2019

China went back to the drawing board to create a new plan to grow its industries. But to many hardliners in the U.S., it seems to be a copy-and-paste job of the old plan.

Last Friday, Beijing announced a policy to upgrade and integrate China’s manufacturing sector with a “modern” service sector to respond to rapidly changing demand, according to an official document.

The new plan will single out a group of companies to become “sector champions” by 2025. That echoes the Made in China 2025 plan to upgrade the mainland’s industrial economy, which has been quietly dropped from official communiques, but which analysts say is alive and well on the ground.

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