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"Made in China 2025" plan unveiled

English.news.cn 2015-05-19 14:23:53

BEIJING, May 19 (Xinhua) -- China's State Council has unveiled a national plan, dubbed "Made in China 2025," focusing on promoting manufacturing, a notice said on Tuesday.

The plan was authorized by Premier Li Keqiang, according to the notice.

"Made in China 2025" is the first 10-year action plan designed to transform China from a manufacturing giant into a world manufacturing power.

The 10-year plan will be followed by another two plans in order to transform China into a leading manufacturing power by the year 2049, which will be the 100th anniversary of the founding of the People's Republic of China.

Nine tasks have been identified as priorities: improving manufacturing innovation, integrating information technology and industry, strengthening the industrial base, fostering Chinese brands, enforcing green manufacturing, promoting breakthroughs in 10 key sectors, advancing restructuring of the manufacturing sector, promoting service-oriented manufacturing and manufacturing-related service industries, and internationalizing manufacturing.

The 10 key sectors are new information technology, numerical control tools and robotics, aerospace equipment, ocean engineering equipment and high-tech ships, railway equipment, energy saving and new energy vehicles, power equipment, new materials, biological medicine and medical devices, and agricultural machinery.

To fulfill the tasks, "Made in China 2025" will focus on five major projects, including establishing a manufacturing innovation center, said the notice.

To shore up the plan, China will introduce a slew of policies to deepen institutional reforms and strengthen financial support.

The implementation of the "Made in China 2025" plan will be market-oriented, though guided by the government, according to the notice.

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[Editor: Song Miou]
 
"Made in China 2025" plan unveiled
                 English.news.cn | 2015-05-19 14:23:53 | Editor: Song Miou

BEIJING, May 19 (Xinhua) -- China's State Council has unveiled a national plan, dubbed "Made in China 2025," focusing on promoting manufacturing, a notice said on Tuesday.

The plan was authorized by Premier Li Keqiang, according to the notice.

"Made in China 2025" is the first 10-year action plan designed to transform China from a manufacturing giant into a world manufacturing power.

The 10-year plan will be followed by another two plans in order to transform China into a leading manufacturing power by the year 2049, which will be the 100th anniversary of the founding of the People's Republic of China.

Nine tasks have been identified as priorities: improving manufacturing innovation, integrating information technology and industry, strengthening the industrial base, fostering Chinese brands, enforcing green manufacturing, promoting breakthroughs in 10 key sectors, advancing restructuring of the manufacturing sector, promoting service-oriented manufacturing and manufacturing-related service industries, and internationalizing manufacturing.

The 10 key sectors are new information technology, numerical control tools and robotics, aerospace equipment, ocean engineering equipment and high-tech ships, railway equipment, energy saving and new energy vehicles, power equipment, new materials, biological medicine and medical devices, and agricultural machinery.

To fulfill the tasks, "Made in China 2025" will focus on five major projects, including establishing a manufacturing innovation center, said the notice.

To shore up the plan, China will introduce a slew of policies to deepen institutional reforms and strengthen financial support.

The implementation of the "Made in China 2025" plan will be market-oriented, though guided by the government, according to the notice.

Related:

Chinese Premier highlights innovation, entrepreneurship

BEIJING, May 16 (Xinhua) -- Chinese Premier Li Keqiang highlighted the spirit of innovation and entrepreneurship in hope of a more healthy and effective economy on Saturday. Full story

China to further streamline administration for market vitality

BEIJING, May 16 (Xinhua) -- China's State Council, or Cabinet, has pledged to further streamline government administration in a fresh move to reduce government controls and unleash market vitality. Full story

Spotlight: Li to boost global confidence in China's restructuring economy

BEIJING, Jan. 20 (Xinhua) -- As Chinese Premier Li Keqiang leaves for Davos on Tuesday, the National Bureau of Statistics (NBS) announced that the world's second largest economy grew 7.4 percent in 2014. Full story

China Headlines: "Makers" securing place as China's new economic drivers

BEIJING, May 5 (Xinhua) -- New government promises of favorable policies for tech startups will be further encouragement for the whiz kids working in China's "makerspaces", community workshops where techies gather to collaborate and achieve economies of scale. Full story

 

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