IDEAS home Printed from https://ideas.repec.org/a/sae/indqtr/v77y2021i3p424-461.html
   My bibliography  Save this article

‘Made in China 2025’: Poised for Success?

Author

Listed:
  • Nitin Agarwala

    (Nitin Agarwala, a Serving Naval Officer, has experienced various facets of a warship as a user, designer, inspector, maintainer, policymaker, teacher and researcher. He has authored over 80 articles, papers, book chapters and two books entitled Deep Seabed Mining in the Indian Ocean: Economic and Strategic Dimensions and Rise of China as a World Leader in Commercial Shipbuilding. His research interests include corrosion, shipbuilding, deep seabed natural resource, submarine cables, blue economy, artificial intelligence, climate change and ‘maritime technological issues’ with their linkages to international relations and public policy.)

  • Rana Divyank Chaudhary

    (Rana Divyank Chaudhary has been a Researcher with a number of New Delhi-based security and foreign policy think tanks. He was a senior visiting scholar at the School of International and Public Affairs, Jilin University (China), and he has completed the prestigious training programs in Chinese politics, society, and culture at the Beijing International Chinese College (2014) and in Chinese economics at the Central University of Finance and Economics, Beijing (2017). He has authored over 30 articles, papers, and book chapters, a book entitled Rise of China as a World Leader in Commercial Shipbuilding and given presentations at international conferences held at research institutions and universities in India, China and Singapore.)

Abstract

In the last 70 years, due to reforms and policies, China has moved from an agrarian economy to being a manufacturing superpower. However, this has been possible due to technology transfers into China with the core technologies remaining with the West in the name of competitiveness and national security. To achieve true technological independence and self-reliance, China proposed the ‘Made in China 2025’ policy in 2015 which has since been opposed vehemently by the West. This notwithstanding, China has continued its effort of self-reliance. Hence, it is essential to evaluate if these efforts are bearing the required results. Using qualitative research, the authors look at the factors leading China to adopt ‘Made in China 2025’ and the opposition faced by it through tariff and non-tariff measures. Various supporting policies of Made in China 2025 (MIC25) and the advancements made have been examined. The article thus aims to address the ethos of initiating MIC25, the difficulties China is facing in realising its dreams due to restrictions by the US and its allies and how China is making an all-out effort to make it a success. The primary question that the article aims to answer is whether the efforts of China towards MIC25 are poised for success and how it will affect the developed nations.

Suggested Citation

  • Nitin Agarwala & Rana Divyank Chaudhary, 2021. "‘Made in China 2025’: Poised for Success?," India Quarterly: A Journal of International Affairs, , vol. 77(3), pages 424-461, September.
    • Handle: RePEc:sae:indqtr:v:77:y:2021:i:3:p:424-461
    DOI: 10.1177/09749284211027250
    as

    Download full text from publisher

    File URL: https://journals.sagepub.com/doi/10.1177/09749284211027250
    Download Restriction: no
    File URL: https://libkey.io/10.1177/09749284211027250?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Bank of Russia, 2018. "Globalisation and deglobalisation," BIS Papers chapters, in: Bank for International Settlements (ed.), Globalisation and deglobalisation, volume 100, pages 291-310, Bank for International Settlements.
    2. Nitin Agarwala & Rana Divyank Chaudhary, 2019. "China’s Policy on Science and Technology: Implications for the Next Industrial Transition," India Quarterly: A Journal of International Affairs, , vol. 75(2), pages 206-227, June.
    3. Indermit Gill & Homi Kharas, 2007. "An East Asian Renaissance : Ideas for Economic Growth," World Bank Publications - Books, The World Bank Group, number 6798.
    4. Bank for International Settlements, 2018. "Globalisation and deglobalisation," BIS Papers, Bank for International Settlements, number 100.
    5. Anton Cheremukhin & Mikhail Golosov & Sergei Guriev & Aleh Tsyvinski, 2015. "The Economy of People’s Republic of China from 1953," NBER Working Papers 21397, National Bureau of Economic Research, Inc.
    6. Lee Branstetter, 2018. "China’s Forced Technology Transfer Problem—And What to Do About It," Policy Briefs PB18-13, Peterson Institute for International Economics.
    7. Yavuz Arslan & Juan Contreras & Nikhil Patel & Chang Shu, 2018. "How has globalisation affected emerging market economies?," BIS Papers chapters, in: Bank for International Settlements (ed.), Globalisation and deglobalisation, volume 100, pages 27-55, Bank for International Settlements.
    8. Central Bank of the Republic of Turkey, 2018. "Globalisation and deglobalisation," BIS Papers chapters, in: Bank for International Settlements (ed.), Globalisation and deglobalisation, volume 100, pages 355-362, Bank for International Settlements.
    9. Central Bank of Brazil, 2018. "Globalisation and deglobalisation," BIS Papers chapters, in: Bank for International Settlements (ed.), Globalisation and deglobalisation, volume 100, pages 71-82, Bank for International Settlements.
    10. Central Bank of Malaysia, 2018. "Globalisation and deglobalisation," BIS Papers chapters, in: Bank for International Settlements (ed.), Globalisation and deglobalisation, volume 100, pages 223-229, Bank for International Settlements.
    11. Guriev, Sergei & Cheremukhin, Anton & Golosov, Mikhail & Tsyvinski, Aleh, 2015. "The Economy of People’s Republic of China from 1953," CEPR Discussion Papers 10764, C.E.P.R. Discussion Papers.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Anca Ioana Troto (Iacob), 2021. "Case Study on KOF Globalization Index for Greece, Czech Republic, Poland, Romania and Hungary," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(2), pages 185-192, December.
    2. Mohammad Anhier Al-Froukh, 2021. "Developing in Investment Environment in Jordan from the Perspective of Jordan Investments Commission," International Journal of Business and Management, Canadian Center of Science and Education, vol. 14(10), pages 116-116, July.
    3. György Matolcsy & Márton Nagy & Dániel Palotai & Barnabás Virág, 2020. "Inflation in the Digital Age: Inflation Measurement and Bias in the 21st Century," Financial and Economic Review, Magyar Nemzeti Bank (Central Bank of Hungary), vol. 19(1), pages 5-36.
    4. Murach, Michael & Wagner, Helmut & Kim, Jungsuk & Park, Donghyun, 2022. "Trajectories to high income: Comparing the growth dynamics in China, South Korea, and Japan with cointegrated VAR models," Structural Change and Economic Dynamics, Elsevier, vol. 62(C), pages 492-511.
    5. José R. Sánchez-Fung, 2016. "Reviewing Trade Policy in China During the Transition to Balanced Economic Growth," The World Economy, Wiley Blackwell, vol. 39(12), pages 1934-1946, December.
    6. Justin Yifu Lin & Wei Wang & Venite Zhaoyang Xu, 2021. "Catch‐up industrial policy and economic transition in China," The World Economy, Wiley Blackwell, vol. 44(3), pages 602-632, March.
    7. Simon Alder & Lin Shao & Fabrizio Zilibotti, 2016. "Economic reforms and industrial policy in a panel of Chinese cities," Journal of Economic Growth, Springer, vol. 21(4), pages 305-349, December.
    8. Ricardo Reyes-Heroles, 2018. "Globalization and Structural Change in the United States: A Quantitative Assessment," 2018 Meeting Papers 1027, Society for Economic Dynamics.
    9. Lein-Lein Chen & John Devereux, 2017. "The Iron Rice Bowl: Chinese Living Standards 1952–1978," Comparative Economic Studies, Palgrave Macmillan;Association for Comparative Economic Studies, vol. 59(3), pages 261-310, September.
    10. Leonard Kukić, 2018. "Socialist growth revisited: insights from Yugoslavia," European Review of Economic History, European Historical Economics Society, vol. 22(4), pages 403-429.
    11. Jeannine Bailliu & Mark Kruger & Argyn Toktamyssov & Wheaton Welbourn, 2016. "How Fast Can China Grow? The Middle Kingdom’s Prospects to 2030," Staff Working Papers 16-15, Bank of Canada.
    12. del Río, Fernando & Lores, Francisco-Xavier, 2023. "Accounting for Spanish economic development 1850-2019," MPRA Paper 116025, University Library of Munich, Germany.
    13. Fengliang Liu & Xin Yi & Ze Yu, 2017. "Structural change in China: the role of factor market distortions," Journal of Chinese Economic and Business Studies, Taylor & Francis Journals, vol. 15(2), pages 185-204, April.
    14. Cui, Kun & Li, Bo & Wang, Hanyang, 2021. "Quantitative analysis of health insurance reform in China: Pure consolidation or universal health insurance?," Economic Modelling, Elsevier, vol. 101(C).
    15. Loren Brandt & Gueorgui Kambourov & Kjetil Storesletten, 2018. "Barriers to Entry and Regional Economic Growth in China," 2018 Meeting Papers 954, Society for Economic Dynamics.
    16. David Michael M. San Juan, 2018. "Premises, Perils, and Promises of ASEAN Integration," Journal of Developing Societies, , vol. 34(3), pages 325-350, September.
    17. Grzegorz W. Kolodko, 2018. "Socialism or capitalism? Tertium Datur," Economy and Forecasting, Valeriy Heyets, issue 1, pages 7-36.
    18. Zhao, Bo, 2020. "COVID-19 pandemic, health risks, and economic consequences: Evidence from China," China Economic Review, Elsevier, vol. 64(C).
    19. Hansen, G.D. & Ohanian, L.E., 2016. "Neoclassical Models in Macroeconomics," Handbook of Macroeconomics, in: J. B. Taylor & Harald Uhlig (ed.), Handbook of Macroeconomics, edition 1, volume 2, chapter 0, pages 2043-2130, Elsevier.
    20. Murach, Michael & Wagner, Helmut & Kim, Jungsuk & Park, Donghyun, 2018. "Avoiding the middle-income trap: Korean lessons for China?," CEAMeS Discussion Paper Series 14/2018, University of Hagen, Center for East Asia Macro-economic Studies (CEAMeS).

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:sae:indqtr:v:77:y:2021:i:3:p:424-461. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: SAGE Publications (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.