Beijing's 'Made in China 2025' may prove ineffective as debt catching up

China isn't going to rein in its industrial objectives anytime soon. At the same time, it's a long way from achieving those targets.

China’s industrial ambitions have the US on edge. But what has actually come of its plans for global technology domination?

Beijing is considering delaying targets in its “Made in China 2025” program, Bloomberg News reported last week. The roadmap, which seeks to advance domestic production of critical technology, has been a key bone of contention in President Donald Trump’s trade war. Other reports said China may replace the program altogether and give foreign companies more access to its market.

On the same day, though, the State Council said it had decided to boost “mechanized farming” and upgrade agricultural machinery (while also noting