Beijing’s strategy for sustained wealth and influence

A decade after launching “Made in China 2025,” China has emerged as a technological powerhouse, dominating sectors like electric vehicles and clean technology. Despite facing economic challenges, including inefficiencies and corruption, China’s extensive infrastructure and skilled workforce drive its innovation. As the U.S. struggles with ineffective industrial policies and underinvestment, experts warn that merely trying to impede China won’t suffice. Instead, the U.S. must focus on building its own deep infrastructure to compete effectively in the global market.