Power Play

Beijing updates 'Made in China 2025' for leaner, meaner times

China identifies seven frontier technologies and shifts focus in research as it gears up for an even more bruising fight with the US.

Visitors look at a display of a semiconductor device at Semicon China, a trade fair for semiconductor technology, in Shanghai, China, on March 17, 2021. PHOTO: REUTERS
New: Gift this subscriber-only story to your friends and family

Faster, better, cheaper. For years, this has been the maxim that has guided Chinese companies and manufacturers, who draw on foreign technology and ideas, imitate their products, but do it quicker, better and at a fraction of the cost.

It is a business model that has fuelled the rise of the world's second-largest economy, but now Beijing is bent on changing this.

Already a subscriber? 

Read the full story and more at $9.90/month

Get exclusive reports and insights with more than 500 subscriber-only articles every month

Unlock these benefits

  • All subscriber-only content on ST app and straitstimes.com

  • Easy access any time via ST app on 1 mobile device

  • E-paper with 2-week archive so you won't miss out on content that matters to you

Join ST's Telegram channel and get the latest breaking news delivered to you.