Beijing's 'Made in China' Plan Is Narrowing Tech Gap, Study Finds
- Reference: 0177331955
- News link: https://news.slashdot.org/story/25/05/05/1724228/beijings-made-in-china-plan-is-narrowing-tech-gap-study-finds
- Source link:
> The study, commissioned by the U.S. Chamber of Commerce, is set to intensify the debate in Washington and elsewhere over how to counter China's use of state subsidies and other strategies to bolster its competitiveness. To placate President Trump during his first-term trade war with China, Beijing dropped mentions of the "Made in China 2025" plan, leader Xi Jinping's signature industrial strategy, from public discourse. But the policy stayed in place.
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> The study, released Monday, shows that enormous state support unleashed under the strategy has enabled China to eliminate or reduce its dependence on imports such as rail and power equipment, medical devices and renewable-energy products. In addition, Chinese companies have become more competitive globally, gaining market share from foreign companies in sectors including shipbuilding and robotics. The findings in the study, conducted by economic consulting firm Rhodium Group, highlight the stakes for the U.S. and other advanced economies as Beijing continues to advance Xi's blueprint to make China a leader in high-tech industries.
[1] https://www.msn.com/en-us/money/markets/beijing-s-made-in-china-plan-is-narrowing-tech-gap-study-finds/ar-AA1EbMK7
Pot, kettle, grill, the usual (Score:5, Interesting)
> An industrial plan China rolled out a decade ago that was criticized by the U.S. as protectionist
And moving production to a cheap labour country is not protectionism of corporate and personal profits (greed)?
Move the knowledge to manufacture to others and they will learn from it and use it. You know, like a man and teaching how to fish and the like. Don't expect him not to sell fish to others when possible.
Re: (Score:2)
Autarky is not possible in the 21st century, at least not possible in a manner that would substantially reduce the standard of living for everyone in that country.
Re: Pot, kettle, grill, the usual (Score:1)
What can we learn from China's government's printing money to finance fiscal deficits (rather than become beholden to bond vigilantes)?
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That a progressive tax policy, where billionaires pay more in taxes than we do, would be politically very popular, but totally unimplementable because those same people have long ago bought all the politicians (both sides of the aisle) because you need such huge sums of bribes, sorry, campaign contributions to get elected?
Dt (Score:2, Insightful)
Donald Trump has made me realize that China isn't the enemy.
Re: (Score:1, Flamebait)
> Donald Trump has made me realize that China isn't the enemy.
There's not one enemy.
The Chinese government is still an enemy of human beings. They're just not the only such, and a lot of other governments including our own oligarchy (which it always has been and still is) are also the same thing.
Re: Dt (Score:2)
Until our leaders can figure out how to go without things made in China, it would seem they actually help us out quite a lot.
Re: Dt (Score:4, Insightful)
> Until our leaders can figure out how to go without things made in China, it would seem they actually help us out quite a lot.
The People of China are just people. They are willing to work and produce goods that other people want to buy. This helps us out because trade helps us out. What their government does with tax revenues created by this economic activity is another issue, just as what our government does with ours is.
Re: Dt (Score:1)
Are you aware that not even China's official budget can hide a near-trillion dollar deficit (note: local spending is left out), and they don't sell bonds?
Re: Dt (Score:2)
We can make whatever we want without China. We simply lack the will to do so because se crave cHeAp!!! Always must be cheap! Strategic security, economic well being, benefiting all be dammed! Cheap first! Want factory workers to be paid a fair non sweatshop wage? Be prepared to pay more.
Re: Dt (Score:3, Insightful)
No you can't make whatever you want. You can't make aluminum or steel because your electricity is too expensive. You can't make oil because you don't have the right kind of dead dinosaurs. You can't make water because it all flows from Canada. Nor can you make anything that competes on price to China because an American worker requires 20 times the pay to make the same thing. Furthermore, Americans don't want to have a life screwing tiny screws into iPhones hour after hour. Especially not for what a C
Re: Dt (Score:2)
I can't reply to the other parts of your screed because I don't know but "... You can't make oil because you don't have the right kind of dead dinosaurs."
What the fuck are you talking about?
The US produces more crude that any other country, ever: Crude oil production in the United States, including condensate, averaged 12.9 million barrels per day (b/d) in 2023, breaking the previous U.S. and global record of 12.3 million b/d, set in 2019.
Further, the US is at the top of the list for recoverable reserves a
Re: Dt (Score:2)
All the crude in the US is in the South and is in shale and far more expensive to extract. Furthermore it is light crude and most of it is exported. Most of the crude that Americans use comes from Canada. There are refineries in the North set up entirely to process Canadian crude. You could never produce enough oil in America to supply enough for the country.
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Even China is moving away from a manufacturing economy. They're investing and building infrastructure in Africa. [1]https://www.reuters.com/world/... [reuters.com]
[1] https://www.reuters.com/world/china-deepen-industrial-agricultural-trade-investment-ties-with-africa-2024-09-05/
Re: Dt (Score:2)
So how brilliant it is for Trump to make things cost more if they come from there too.
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trump might indeed make matters worse or, better said, accelerate them, but he's not the problem. he's a symptom. he came to power because a whole lot of americans are angry. explain that anger and you'll find that enemy you're looking for.
Re: Dt (Score:3)
Then America needs to do a better job of educating people. That's also governments responsibility.
Tortoise and the Hare issue here... (Score:5, Informative)
This is not exactly a high marker. A competent government that has the resources of China could easily do this, just like how the US was ahead of the USSR, because the USSR imploded to internal corruption.
The US mindset of companies, we all know. Because in China, a company is an arm of the government, and China can redirect funding where it sees fit, and not where some investor demands, they can control the direction of the long game. If chips are a thing, China can get fabs and make them, and not have to beg and wheedle for private industry to perhaps make a fab... or just take the billions and do a stock buyback and laugh all the way to the bank.
China also has it easy because of decisions like Citizens United. Bring a sack full of money, and it is considered free speech, pretty much making bribery a form of protected speech, provided it is filtered through a PAC. With this in mind, a few million can buy sympathetic ears in places of power. On the other hand, there are actually laws against that in China. Of course, there is corruption, but it isn't institutionalized as it is in the US.
China doesn't have to run fast. Just quickly enough to win over an opponent that chases its own tail or is passed out drunk on the side of the road while the race is being run.
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And now it's our turn in the United States to implode due to internal corruption.
It sucks that I'm too old to emigrate as a Skilled Worker.
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I know the feeling. I'm just going to stick it out and hope for the best. I look at how Russia survived the 90s, and hope that we can bounce back in some fashion.
Link to the report? (Score:3)
The story links to the WSJ article, but that article doesn't link to the report. Google doesn't seem to have it either. Anybody got a link?
Re: (Score:2)
[1]https://rhg.com/research/was-m... [rhg.com]
[1] https://rhg.com/research/was-made-in-china-2025-successful/
And they can equal tech of the US (Score:2)
but your product won't come with a manual of how to use it.
Re: (Score:2)
Most Chinese products come with a near useless lip service single page manual.
However this is more than you get with most products coming from big brand USA companies. The trend seems to be a 10 page booklet on how it meets compliance and sometimes another 10 page safety booklet what you should no do with it.
Instructions on use, if any are provided, are usually "Turn on and follow the on screen prompts". Those prompt will be to provide your personal details and credit card number.
The other side of control (Score:2)
With such a big population the Chinese government likes to keep control of its population. The negative aspects of this are well known, but there is another side to controlling people, keeping them happy. Where it feels it is safe to do so the Chinese government likes to do things to keep its population happy, as a happy population is easier to control.
While there will be many reasons for the "Made in China" plan one of them will be to ensure the population has access to technology that makes their lif
The US subsidizes industry (Score:2)
Why is China making investments in industry bad, but the US doing the same is completely ignored. SpaceX, and the whole military industrial complex gets huge amounts of government funding. States and the feds offer grants and tax incentives to industry. There's money for R&D and other activities.
Made in China 2025 trumps Project 2025 (Score:3)
Pun intended.
Re: Made in China 2025 trumps Project 2025 (Score:5, Funny)
Seems like both projects have the same goal: to remove the USA from all aspects of global leadership and allow China to become the dominant superpower in its place. Perhaps the latter plan is just one part of the former?
Re: (Score:3, Interesting)
us demise is of its own making. it's no wonder when a country is swamped with corporate greed, drowned in debt and political corruption, controlled by an unchecked and ruthless elite that has been growing inequality for decades, and tries to offset all that by bullying other countries and igniting wars all over the planet. nobody trusts the us anymore.
china is just doing its thing, and it's mostly the right thing: thinking strategically, working hard, being diplomatic and expanding friendly relations, thus
Re: (Score:3, Insightful)
US demise is Putin's long wrought plan, and the doofus in the POTUS right now is a useful idiot
You can see Putin's fingerprints all over the nationalistic movements across Europe, and it all designed to fragment the West and allow Russia to reclaim territory
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> US demise is Putin's long wrought plan, and the doofus in the POTUS right now is a useful idiot
is that so?
> You can see Putin's fingerprints all over the nationalistic movements across Europe, and it all designed to fragment the West and allow Russia to reclaim territory
the rise of nationalisms in europe has been growing for decades and is basically disenfranchisement from the eu which has finally managed to disappoint most of the populations. on top of that it is surging lately (and i expect it to get much worse) as people slowly realize what a clusterfuck project ukraine really has been. ukraine has paid in blood, but germany, the workhorse of europe, has paid with economic disaster and the ripples are being felt throughout. this is only going to go downhill a