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China to Draw Up Development Plans for Advanced Manufacturing Industry Belts

Several Chinese ministries are considering drawing up development plans for advanced manufacturing industry belts to promote the comprehensive development of aviation, shipbuilding, automobile, rail transport and other advanced manufacturing sectors in different regions based on their existing manufacturing prowess. The aim is to form advanced manufacturing industry clusters with pivotal cities and areas at the core. The relevant ministries and commissions are understood to be planning to start investigations and studies for the formulation of advanced manufacturing industry belts in southern Jiangsu and Zhejiang in the second half of this year. Other parts of the country will draw up their own plans in due course.

Based on their existing manufacturing capabilities, southern Jiangsu and Zhejiang will focus on developing aviation, shipbuilding, automobile, marine engineering, intelligent equipment manufacturing and new energy vehicles in the second half of this year.

The importance of developing advanced manufacturing becomes increasingly obvious as China enters the crucial stage of industrial transformation and upgrading. Studies by a strategic advisory committee for the enhancement of China’s manufacturing power shows that China’s advanced equipment manufacturing sector grossed RMB6 trillion in 2015, accounting for about 15% of the total sales of equipment manufacturing. The share of advanced equipment manufacturing in equipment sales is expected to increase to 25% and become a pillar of the national economy by 2020.

Under the Made in China 2025 strategy, marine engineering, power generating equipment, new energy vehicles, nuclear energy, aerospace navigation, high-end numerically controlled machine tools and robotics, and high-end medical devices will also see significant progress during the 13th Five-Year Plan period in addition to aviation, shipbuilding, automobile and rail transport.

Content provided by Picture: HKTDC Research
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