China's MIC2025 strategy by Xi Jinping was largely in response to Trump's protectionist policies. Group of answer choicesTrueFalse

The statement is True. China's Made in China 2025 (MIC2025) strategy, announced in 2015, aimed to transition the country into a high-tech powerhouse. The escalation of protectionist policies by the Trump administration, particularly with regard to tariffs on Chinese goods and the call for reducing the trade deficit, created tension in U.S.-China trade relations. In this context, China intensified its efforts to strengthen its domestic industries to reduce reliance on foreign technology and imports. MIC2025 can be seen as a strategic response to enhance China's competitiveness in light of external pressures from the United States, reflecting a broader trend of nationalistic economic policies emerging worldwide.