China is currently dominating the world by many accounts in terms of its manufacturing, economic and financial prowess. Many companies big and small want a piece of the China pie. Even though the politics and how the government intervenes in the management of its country are to some extent a concern with the highly reported human rights an other international contraventions violations, the international business community at large are not deterred to doing business in China.
With the inception of the Made In China 2025 program in more recent years, the program aims to bring its manufacturing up a notch by becoming an intelligent manufacturer which means that it is trying shift away from being a copycat manufacturer into an innovative and inventive creator of products by way of research and development of new and innovative technologies alongside its e-business and e-commerce channels. It is engaging in strategic partnerships with its 3 largest online and eCommerce companies Baidu, Alibaba, and Tencent (BAT) to develop and reach its targeted goals in the eCommerce sector which is its largest market segment both locally and globally. Ultimately this program will propel China forward when it begins to reach its potential.
The United States (China’s number one competitor) is currently imposing protectionist policies on its immigration and foreign trade policies to many of the world economies and its former partner nations. Will this move by America present an opportunity or threat for China and its Made In China 2025 program?
chrisgandi 