Just look at the failed (not literally, but certainly effectively) Manufacturing USA initiative - a constellation of research institutes first launched in 2012 to counter the Made In #China 2025 program.
To its credit, the #Obama Administration foresaw the Chinese economic threat to the West before most in Washington, but the actions taken were structurally ineffective.
I owe some interested people an article about my personal experiences at one Manufacturing USA institute - the former #DMDII lab in #Chicago (now called #MxD): https://www.mxdusa.org
My article will be, well, less-than-glowing to say the least.
I am finishing that up, but these threads help me solidify my thoughts.