This rise also revealed the fragility of Western reactions to globalization and its profound implications. The country once known as the 'world's factory' for cheap consumer goods has today transformed into a cross-sectoral center of technological innovation. This fueled a huge boom in commodity markets in Latin America and Africa, and added stability to prices in advanced economies. The world has witnessed, over the past two decades, an unprecedented Chinese economic rise, which at the same time became both a driver of global prosperity and a source of wide-ranging economic and geopolitical disruptions. The Chinese transformation was not a mere coincidence, but the result of an ambitious government and industrial strategy, such as the 'Made in China 2025' program.
