Despite US efforts to stifle it through sanctions, China's "Made in China 2025" initiative has been largely successful. Research indicates that China has achieved global leadership in five critical technologies: high-speed rail, graphene, unmanned aerial vehicles, solar panels, and electric vehicles with lithium batteries, while swiftly closing the gap in seven others. This progress underscores China's increasing influence in industries critical to future economic growth.
CROFAM SOCIAL NETWORK
The U.S. economy grew 2.8% in 2024, nearly matching the 2.9% growth achieved in 2023. A key driver of economic growth is consumer spending, accounting for nearly 70%. With unemployment at low levels and wage growth keeping pace with price increases, U.S. workers have the wherewithal to spend on both goods and services.
