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China and Japan are fueling intensified efforts to build infrastructure in Southeast Asia. Both countries have placed infrastructure at the heart of their regional strategies in a new era of infrastructure diplomacy. China launched its flagship Belt and Road Initiative (BRI) in 2013, while Japan initiated its “Partnership for Quality Infrastructure” in 2015. At the same time, ASEAN countries are reorienting their growth strategies toward prioritizing infrastructure. China and Japan are facilitating this shift through offering large amounts of financing and seeking to increase their infrastructure exports.
Will the two countries be able to collaborate?
Italy is home to innovative aerospace, advanced manufacturing, and healthcare sectors, among others. These sectors are also major pillars of Made in China 2025, China’s grand plan to upgrade its industrial sector through embracing technological innovation. And although China’s quest for technological dominance poses serious challenges for European economies that should not be underestimated, there exists scope for synergies between the innovation strategies of both China and Italy. The piece identifies three main factors that should help the realization of these synergies.
What are the synergies and the roadblocks?