Model-based Scenario Analysis of the Effects of Made in China 2025 on the Value-added and Market Shares of the German Mechanical Engineering Industry (Made in China 2025)
With the industrial masterplan “Made in China 2025”, the China's government aims to achieve a high-tech leadership in ten important sectors within a relatively short time. In the focus of the plan is the gradual replacement of foreign with Chinese technology resting upon a strong technology catch-up strategy. Should China succeed in partial or even complete implementation of set targets, it arises a question for German industry: What effects can this have on the Chinese as well as on the global value-added and market shares of German companies?