Made in China 2025

The Made in China 2025 (MIC 2025) initiative is a national strategic plan and industrial policy aimed at upgrading the manufacturing capabilities of Chinese industries, transforming them from labor-intensive workshops into technology-intensive powerhouses. The plan aims to increase domestic content of core materials to 40% by 2020 and 70% by 2025, with a focus on high-tech products and services, including semiconductors, to achieve independence from foreign suppliers. China has invested heavily in the program, committing around $300 billion and an additional $1.4 trillion since 2018, despite concerns about its practicality given the country's middle-income status.learn more on wikipedia