Last October 2016 Nicolas Martín reported to www.dw.com about the new guidance of Chinese goverment to face the future concerns about technology. These decisions showed a lot of worries; because the economy in China growth slow. This is what the economy
China Pavilion
criterion reflex.
The Chinese government has acted as a driving force behind this strategy. Premier Li Keqiang called on state delegates to “create internationally competitive companies,” words that were cemented in the country’s current five-year plan, approved this year, and its “Made in China 2025” initiative, which targets sectors in which the Chinese economy is in need of improvement. The automobile and aviation sectors were listed as critical for the initiative, as well as IT and environmental and automation engineering.
Mr. Martin said, in search of desirable acquisition candidates of High-Tech companies, known as “targets”, and Germany in the center, can be considered its bulls-eye. In the first quarter of 2016, according to a calculation by German financial newspaper Handelsblatt, Chinese companies have offered 12 German firms $3.2 billion (2.83 billion euros), more than the last five years combined.
In my own view, China is going back with some policies made by them few years ago. Those policies, buying German’s high-tech, exhibits other situations such as lack in sciences to develop competitive technology to grow the economy by themselves. At least, the chinese tech is not growing according to the chinese economy necessities. From 80’s chinese technology is not one became different respect to foreigner High-tech.
Developing High technology request a lot of effort to have products with high acceptance of people in the competitive market; however, knowing your own culture well as chinese use to do, you can be competitive. Then, there is not doubt how chinese people working hard, but in those four critical sector like automotive, aviation, IT and environmetal; probably they will need a lot of advicer and experts to achieve the target to 2025.
This way to develop new technology is questionable, in spite of the unknown investment in R&D in China; therefore, we understand that buying German middle size companies could be faster to reach the goal to 2025. The globalization is a positive movement to chinese, because of the integration and cooperation among different countries. However, the German government also worry about chinese buying Know-How of technology, and also Chinese concern about the investment will be abroad instead of domestic technological institution o companies.