May 2015, the Chinese government proclaimed the“Made in China 2025”
In May 2015, the Chinese government proclaimed the
“Made in China 2025” industrial policy strategy, which
supplements the Going Global Strategy in regard to the
promotion of outward FDI.
“Made in China 2025” is
designed to push the restructuring of China’ s economy
and accelerate China’ s ascent to the top of global value
chains. To this end, the Chinese government defined ten
key industries which China wants to lead globally and
be a manufacturer on its own. These include newinforma-
tion technologies, premiumCNC machines and industrial
robots, energy-saving cars and cars with alternative drive
technologies, biomedicine and premium medical equip-
ment.
The Chinese government’ s policy document setting
out the details for “Made in China 2025” expressly men-
tions transnational M&Aas a means for implementing
the strategy and generally encourages Chinese companies
to invest in those ten industries (State Council, 8. 5. 2015).
EU Forecast
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