In May 2015, President Xi Jinping unveiled the ‘Made in China 2025’ (MIC25) strategic economic plan, aiming to transform China from the world’s low-cost factory into a leader in emerging technologies. The geopolitical ambition was clear: to rival the United States and dominate several high-tech industries. Initially, during President Obama’s ‘Pivot to Asia’, there were hopes for US-China cooperation. Today, that optimism has vanished.

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