Shamik Dhar is special adviser at Fathom Consulting. He was formerly global chief at BNY Mellon Asset Management, and chief at the U.K. Foreign and Commonwealth Office.
In May 2015, Chinese President Xi Jinping unveiled the “Made in China 2025” (MIC25) strategic economic plan, aiming to transform China from the world’s low-cost factory into a leader in emerging technologies. The geopolitical ambition was clear: to rival the U.S. and dominate several high-tech industries. Initially, during U.S. President Barack Obama’s “Pivot to Asia,” there were hopes for U.S.-China cooperation. Today, that optimism has vanished.
