Reuters (November 26)
China’s 10-year “Made in China 2025” masterplan ruffled global feathers upon introduction nearly a decade ago. The plan “laid out sweeping goals across aviation, robotics and other sectors aimed at transforming the world’s second largest economy into a ‘manufacturing superpower.’” This November, a U.S. government report “found that … the country has ‘met or exceeded many of the very ambitious global market share, local sourcing and technological development targets.’” China’s next plan is also likely to create international backlash. “All eyes are on China’s next economic blueprint. Indeed, a Made in China 2035 plan is probably already underway,” but being kept “under wraps.”
Tags: “Made in China 2025”, Ambitious, Aviation, Backlash, Economy, Global market share, Goals, Local sourcing, Manufacturing superpower, Masterplan, Robotic, Technological development, Transforming, U.S.
New York Times (April 6)
“It’s downright scary,” but the future is “not in America.” President Trump and his administration are “focused on what teams American transgender athletes can race on” while “China is focused on transforming its factories with A.I. so it can outrace all our factories.” Trump is ramping up “tariffs while gutting our national scientific institutions and work force that spur U.S. innovation.” Meanwhile, China is ramping up “research campuses” and “A.I.-driven innovation to be permanently liberated from Trump’s tariffs.”
Tags: A.I., China, Factories, Future, Gutting, Innovation, Outrace, Race, Research campuses, Scary, Scientific institutions, Tariffs, Transforming, Transgender athletes, Trump, U.S.
Financial Times (May 9)
To increase market access and streamline operations, “many of the world’s largest financial exchanges are transforming the way they run global capital markets” by adopting cloud computing technologies. CME Group “will move its IT infrastructure and markets to the cloud” through a partnership with Google while “Nasdaq and Amazon Web Services announced a similar collaboration” to transfer Nasdaq’s “North America-based markets to a cloud computing environment.” As the transition progresses, AI and quantum computing look poised to play more integral roles.
Tags: AI, AWS, Capital markets, Cloud computing, CME Group, Collaboration, Financial exchanges, Global, Google, IT infrastructure, Market access, Markets, Nasdaq, Operations, Streamline, Transforming
