Commentary As readers of this column ought to know, China’s economy has a lot going against it these days. Prominent among its growth impediments are COVID-19, aging demographics, and a shift in the West to source in other economies. Now evidence has begun to pile up that Beijing’s “Made in China 2025” plan, with its emphasis on manufacturing for export, has joined this list. One can be sure this was not the intent of the Chinese Communist Party (CCP) and the Party leader Xi Jinping when they adopted the plan, but that is the way things are working out. The Made-in-China plan marks the second major turn in China’s growth strategy. The initial path to development, laid out in the late 1970s when China first ended its isolation and joined the global economy, was to produce an abundance of cheap, relatively simple goods for export to the developed world—clothing, shoes, toys, …
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