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China committed to manufacturing upgrade: premier

Source: Xinhua 2016-06-28 12:03:22
[Editor: Tian Shaohui]

TIANJIN, June 28 (Xinhua) -- China is committed to transforming its manufacturing sector by leveraging the latest technology to meet diverse demands, Chinese Premier Li Keqiang said on Tuesday.

"Manufacturing is the foundation of China's development and the key for China's manufacturing sector is to move up the value chain," Li said during a session with business executives at a meeting of the World Economic Forum in the northern Chinese city of Tianjin.

Manufacturing will have to become "smarter," relying on technology such as the Internet, cloud computing and big data, and the sector must adjust to changes in market demands, like customization, he said.

Tailoring products and services will help companies appeal to China's swelling middle classes, according to the premier.

Related:

China to continue opening up to aid economic transition: Premier

TIANJIN, June 27 (Xinhua) -- China will continue opening up its service and general manufacturing sectors and keep the renminbi generally stable within a reasonable and proper range, Chinese Premier Li Keqiang said Monday.

China will open wider to the outside world, improve its open economy, further open up the service and general manufacturing sectors and build a fairer, more transparent and predicable investment environment for foreign investors, Premier Li said while addressing the opening ceremony of the Annual Meeting of the New Champions 2016, or Summer Davos. Full Story

Premier promises steel, coal capacity cuts

TIANJIN, June 27 (Xinhua) -- China will cut excess capacity in steel and coal as part of its economic structural reform, Premier Li Keqiang vowed as he addressed the opening of the Annual Meeting of the New Champions 2016, or Summer Davos, in Tianjin on Monday.

The government will continue to focus especially on supply-side structural reform by reducing supply of inefficient and low-end products and services while encouraging more in-demand and premium ones, a process that will boost economic growth, Li told delegates at the forum. Full Story

[Editor: Tian Shaohui]
 
China committed to manufacturing upgrade: premier
                 Source: Xinhua | 2016-06-28 12:03:22 | Editor: Tian Shaohui

TIANJIN, June 28 (Xinhua) -- China is committed to transforming its manufacturing sector by leveraging the latest technology to meet diverse demands, Chinese Premier Li Keqiang said on Tuesday.

"Manufacturing is the foundation of China's development and the key for China's manufacturing sector is to move up the value chain," Li said during a session with business executives at a meeting of the World Economic Forum in the northern Chinese city of Tianjin.

Manufacturing will have to become "smarter," relying on technology such as the Internet, cloud computing and big data, and the sector must adjust to changes in market demands, like customization, he said.

Tailoring products and services will help companies appeal to China's swelling middle classes, according to the premier.

Related:

China to continue opening up to aid economic transition: Premier

TIANJIN, June 27 (Xinhua) -- China will continue opening up its service and general manufacturing sectors and keep the renminbi generally stable within a reasonable and proper range, Chinese Premier Li Keqiang said Monday.

China will open wider to the outside world, improve its open economy, further open up the service and general manufacturing sectors and build a fairer, more transparent and predicable investment environment for foreign investors, Premier Li said while addressing the opening ceremony of the Annual Meeting of the New Champions 2016, or Summer Davos. Full Story

Premier promises steel, coal capacity cuts

TIANJIN, June 27 (Xinhua) -- China will cut excess capacity in steel and coal as part of its economic structural reform, Premier Li Keqiang vowed as he addressed the opening of the Annual Meeting of the New Champions 2016, or Summer Davos, in Tianjin on Monday.

The government will continue to focus especially on supply-side structural reform by reducing supply of inefficient and low-end products and services while encouraging more in-demand and premium ones, a process that will boost economic growth, Li told delegates at the forum. Full Story

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