China has launched a high-tech revolution: Beijing has devised an industrial masterplan named "Made in China 2025" and is investing billions to turn China into one of the leading industrial countries by 2049.According to the plan, the domestic market share of Chinese suppliers for "basic core components and important basic materials" is intended to increase to 70 per cent by 2025.China strives for market leadership in main growth areas for a large number of industrial countries. Information technology, computerised machines, robots, energy-saving vehicles, medical devices as well as high-tech equipment for aerospace technology, maritime and rail transport are in the focus of the major industrial revamp called "Made in China 2025."In this podcast interview, the author of the latest MERICS Paper on China, Jost Wübbeke, explains how China's ambitious strategy is starting to bear fruit. Industrial countries like Germany and the United States have to be prepared for strong competition, says Wübbeke.