A trade war between China and the US has been looming since March 2018, and effectively started on 6 July. A key to this dispute is the ‘Made in China 2025' plan, which aims to greatly improve the competitiveness of Chinese manufacturing industry and enable China to become the world's manufacturing powerhouse. This study examines the present state of Chinese manufacturing, including its size, structure and problems. It explains Made in China 2025, its background, and the chances of its success. It concludes that the importance of Made in China 2025 for the future of the Chinese economy means it will be very difficult for China to make substantial concessions during a trade war.
COVID-19, the disease caused by novel coronavirus SARS-CoV-2, has greatly affected financial markets, economies and societies worldwide. This study focuses on China and examines a series of issues including: the impact of COVID-19 on the Chinese economy, China's policy responses to this shock such as fiscal, monetary and institutional measures, and implications such as the nature, gains and costs of China's policy responses. This study also explores problems that need to be answered in the future. In view of the importance of China in the world regarding the size of its economy, its contribution to world growth, and its increasing influence, this study makes timely and important contributions to policy makers and investors around the world.
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