China
Washington has singled out the industrial strategy in its trade row but precedent points to trouble on the ground
Orange Wang
Published: 6:00am, 10 Jul, 2018
When the eastern Chinese city of Huzhou announced the recipients of its “Made in China 2025” subsidies last year, one of the biggest winners was milk tea maker Xiangpiaopiao.
The company, best known for its ubiquitous instant drinks, walked away with 16.56 million yuan (US$2.49 million), or about 10 per cent of the city’s funds for the scheme, to set up a new “smart” liquid milk tea factory.
Made in China 2025 is the central government’s big plan to move China up the global value chain and establish it as the dominant force in the technologies of the future.
Washington has singled out the industrial strategy in its trade row but precedent points to trouble on the ground
Orange Wang
Published: 6:00am, 10 Jul, 2018
When the eastern Chinese city of Huzhou announced the recipients of its “Made in China 2025” subsidies last year, one of the biggest winners was milk tea maker Xiangpiaopiao.
The company, best known for its ubiquitous instant drinks, walked away with 16.56 million yuan (US$2.49 million), or about 10 per cent of the city’s funds for the scheme, to set up a new “smart” liquid milk tea factory.
Made in China 2025 is the central government’s big plan to move China up the global value chain and establish it as the dominant force in the technologies of the future.
No comments:
Post a Comment