BEIJING – China’s State Council pledged on Wednesday to boost the implementation of the “Made in China 2025” strategy, which will upgrade the manufacturing sector for the powerhouse.
Accelerated industrialization is supported by the manufacturing sector, according to a statement released after an executive meeting of the State Council, presided over by Premier Li Keqiang.
The “Made in China 2025” strategy proposed in this year’s government work report can empower the manufacturing sector, while boosting “innovated in China,” it said, adding that this will help the country achieve a medium-high-level economic growth.
On March 5, Premier Li stated China will implement the “Made in China 2025” strategy alongside an “Internet Plus” plan; based on innovation, smart technology, the mobile Internet, cloud computing, big data and the Internet of Things. Following this, information and industrialization will be unified and priority will be given to the development of ten particular fields, including information technology, new materials and agricultural machinery, according to the report.
More efforts will be made to boost the integrated growth of productive services & the manufacturing sector, and improve the levels and core competition of the manufacturing sector, they stated in the briefing. Favourable policies will be mapped to help forge an upgraded version of the manufacturing sector, it said.
The meeting also discussed the merging processes of the two high speed rail manufacturers — China North Railway and China South Railway. The merger was to follow market rules and the enterprises’ and will ensure stable company operation and improve performances. Also discussed was a target to boost State-owned enterprise reform and tackle problems like repetitive construction and over competition in the marketplace.
