Trend China's rise as a high-tech economy

Summary

The report sees China making big technological leaps and moving from being the factory of the world toward a high-tech economy and society. By developing its own chips and AI, China seeks independence from foreign technology, while other countries end up relying more on Chinese technology. This drive shows in the energy transition, with China installing more solar panels in 2024 than Europe and the US combined. Because domestic demand has lagged somewhat since the pandemic, China produces heavily for the world market, which at times means stiff competition for Dutch producers. The report adds that Chinese space activity is advancing very fast, with a crewed Moon mission planned for 2030.