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The trillions of yuan that Beijing has poured into subsidies and other financial support for companies taking part in Made in China 2025 has aggravated imbalances in the economy between production and consumption. (Nikkei montage/Source photo by Reuters)

For Xi Jinping, 'Made in China 2025' has been worth every penny

Bill for technology upgrades and increased self-reliance reaches trillions of yuan

HONG KONG -- Until recently, Chinese consumers and companies did not shy away from foreign brands when buying high-performance cars and trucks for their own use.

Windrose Technology is part of a wave of Chinese startups that is starting to change this. Earlier this month, the vehicle maker started delivering its next-generation heavy-duty electric trucks to Chinese customers, led by a subsidiary of S.F. Holding, the country's largest logistics group. Windrose has another 5,000 orders on its books from U.S. customers, as well as hundreds from other Chinese and European clients.

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