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State Council Issues 'Made in China 2025' Plan

The State Council recently issued the Made in China 2025 plan for the comprehensive advance of its strategy of building China into a manufacturing power. The plan stresses the need to underscore the innovation-driven approach in making the switch of emphasis from made in China to created in China, from speed to quality and from products to brands.

Made in China 2025 puts forward the three-step approach to the realisation of the strategic goal of making China a strong manufacturing country with "innovation, product quality, green development, structural optimisation and human capital" as basis. China will become a strong manufacturing country by 2025. Its manufacturing industries will reach the intermediate level among the world's manufacturing powers by 2035. By the time China celebrates the centenary of the founding of the People’s Republic in 2049, its position as one of the world’s major manufacturing countries should be firmly established.

Made in China 2025 makes clear the following nine strategic tasks and priorities:

1. Boosting the country's manufacturing innovation capacity;

2. Promoting the deep integration of informatisation and industrialisation;

3. Strengthening the fundamental capacity of industry;

4. Strengthening quality and brand building;

5. Comprehensively promoting green manufacturing;

6. Promoting breakthroughs in the 10 key sectors of new-generation information technology, high-end numerically controlled machine tools and robots, aviation and aerospace equipment, ocean engineering equipment and high-tech vessels, advanced rail transport equipment, energy-saving cars and new energy cars, power equipment, agricultural machinery, new materials, and biomedicine and high-performance medical devices;

7. Promoting the in-depth restructuring of the manufacturing sectors;

8. Actively developing service-oriented manufacturing and producer services; and

9. Raising the level of the internationalisation of manufacturing.

To ensure the realisation of this goal, Made in China 2025 puts forward strategic support and guarantee policies in eight respects, including deepening the reform of systems and mechanisms, creating a market environment of fair competition, perfecting the financial support policies, increasing fiscal and taxation policy support, strengthening the multi-tier personnel training systems, perfecting the policies for micro, small and medium-sized enterprises, further expanding the opening of the manufacturing sectors to the outside world, and strengthening the organisational enforcement mechanisms.

Details of Made in China 2025 (Chinese version) are available on the State Council website.

Content provided by Picture: HKTDC Research
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