Apps like DeepSeek, TikTok, CapCut, Shein and Temu are increasingly taking over the global app market. In countless cutting-edge tech areas, China is either leading the pack or right on the forefront. Its breakneck progress in the tech industry is reshaping the competition with the United States, and Europe is in danger of falling further behind. So, what’s the current status of the “Made in China 2025” initiative?