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China Daily / 2025-07 / 15 / Page009

Smart competition can shape shared progress

By Fred S. Teng | China Daily | Updated: 2025-07-15 00:00
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As China is about to adopt the 15th Five-Year Plan (2026-30), a critical transformation is unfolding: its manufacturing sector is advancing toward higher intelligence, more digitalization, and high-end development. This development reflects not only China's own ambition for innovation-driven growth but also signals a broader shift in the global industrial landscape.

At this pivotal moment, how China and the United States — two economic giants and manufacturing powerhouses — manage their competition and seek avenues for cooperation will shape the future of global supply chains, economic stability and technological progress.

The international environment has become more uncertain. Rising geopolitical tensions, protectionist policies, and growing anti-globalization sentiments have tested the resilience of global supply chains. As the world grapples with climate change, inflation and high-tech disruption, the world is desperately in need of stability and cooperation. And yet calls for "decoupling" and strategic containment threaten to derail decades of interconnected development.

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