An initiative so feared that China has stopped saying its name

The Economist

China | The Voldemort of economic plans

“Made in China 2025” has been a success, but at what cost?

LIKE LORD VOLDEMORT from Harry Potter, “Made in China 2025” is an initiative which induces so much fear and loathing abroad that Chinese officials dare not speak its name. The plan, introduced a decade ago, called for pouring money and resources into dozens of industries. The goal was to turn China into a green and innovative “manufacturing power”, one that relied less on labour and Western supply chains, and more on automation and new home-grown technologies. This was Xi Jinping’s vision for the Chinese economy.

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