The U.S. and China are in a so-called ‘trade war’ at the center of which is “Made in China 2025” (MIC 2025), Beijing’s official innovation plan. It aims to strengthen the Middle Kingdom position as the global leader in manufacturing and make it the world’s greenest economy.
As a Canadian cleantech investor, I fear this trade conflict might hinder global progress towards cleaner, more intelligent manufacturing. It may also present a massive opportunity for countries willing to compete through innovation, not protectionism.
We need to reexamine MIC 2025 to understand China’s predicament, what it means for other economies and how it affects the global transition to clean energy.
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