Hot Air

McKinsey Contributed to China’s Five-Year Plan for Taking Over the Tech Sector – HotAir

Where did China get the idea to dominate specific sectors of the tech industry by pushing out US competitors? The plan, known as “Made in China 2025,” was at least partly inspired by a 300-page book written for them by McKinsey and Company, an American strategy and management consulting firm. 

The Financial Times was the first to report on McKinsey’s contribution to China’s 13th five-year plan back in February.

A McKinsey-led think-tank advised China to deepen co-operation between business and the military and push foreign companies out of sensitive industries as part of a project for the central government in 2015.

The recommendations in a book by the Urban China Initiative, commissioned by the Chinese government’s central planning agency, were among dozens of policies it proposed to boost the country’s technological prowess, according to a review of the work, which has not…

Read more…

Related Posts