China’s rapid growth and its aspirations to compete with other major nations have disrupted economies around the world. Its industrial plan, Made in China 2025, focuses on the technologies of the Fourth Industrial Revolution, but the initiative challenges the advanced countries that dominate these sectors. In this accessible and insightful report for executives and policy experts, economist Tom Orlik analyzes China’s objectives as well as the potential impacts of the Trump administration’s tariffs.
In this summary, you will learn
- What has led to China’s economic power,
- What impacts its industrial plans for 2025 could have on its trading partners and
- How an escalated trade war with the United States would affect both countries.
About the Author
Tom Orlik is the chief economist at Bloomberg Economics.