The Made in China 2025 initiative was launched by the Chinese government in 2015 to strengthen China’s position as a global powerhouse in high-tech industries and reduce reliance on foreign technology imports. But this plan has not been smooth sailing, as regulatory changes and standards introduced in key industries restrict foreign competition and potentially provide access to foreign technology. Investors are also losing confidence in China due to geopolitical tensions, regulatory uncertainty, and supply chain disruptions. Despite President Xi Jinping’s recent inspection tour in Guangdong Province, multinationals such as Apple are reducing their reliance on China as a manufacturing partner.
