Reference News website reported on May 8th, citing a report on the website of the US "Wall Street Journal" on May 6th that research found the "Made in China 2025" plan is narrowing the technology gap between China and the West.

The study released on Monday, commissioned by the American Chamber of Commerce, showed that the national support released under the "Made in China 2025" strategy enabled China to reduce or eliminate its dependence on imports such as rail transport equipment, power equipment, medical devices, and renewable energy products. Additionally, Chinese enterprises have enhanced their competitiveness globally, capturing market share from foreign companies in industries like shipbuilding and robotics.

This study was conducted by Rhodium Group, and Camille Boulnois, deputy director of the group and main author of the report, said: "Today's China is very different from what it was in 2015, which is largely related to an industrial policy based on state support. There is no doubt that China will continue to narrow the gap and improve its competitiveness."

In 2015, China launched the "Made in China 2025" plan, making it the core of its industrial blueprint.

The research found that the dependence on imports in each industry covered by the "Made in China 2025" plan, including information technology, high-performance medical devices, and new materials, has significantly decreased. For example, the market share of imported products in the medical device market fell from 24% in 2015 to 14% in 2023.

The report shows that commercial aircraft is one of the few industries where Chinese enterprises are still lagging behind their American and other Western competitors. The domestic aircraft manufacturer, COMAC, still relies on foreign components to produce domestically-made aircraft.

However, the study predicts that this situation may change in the next few years as China makes progress in producing aviation engines.

Rhodium Group partner and co-author of the study, David Dollar, said that China's advantage lies in its market scale and its ability to quickly commercialize products.

Original source: https://www.toutiao.com/article/7501881184033587723/

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