China to boost ‘Made in China 2025’ strategy

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China’s State Council pledged Wednesday to boost the implementation of the “Made in China 2025” strategy, which will upgrade the manufacturing sector.

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 said 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, informatization 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, the statement said.

More efforts will be made to boost the integrated growth of productive services and the manufacturing sector, and improve the levels and core competition of the manufacturing sector, the statement said.

Favorable 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 should follow market rules and the enterprises’ will ensure stable company operation and improve performances, the statement said.

The meeting also vowed to boost State-owned enterprise reform and tackle problems like repetitive construction and over competition.

 

 

Source : China Daily | March 26, 2015

Thomas D’Innocenzi

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Thomas D’Innocenzi is a highly accomplished, results-focused international consultant with extensive experience in global sourcing and business development worldwide to meet evolving business needs. Tom has proven ability in implementing and managing profitable global marketing and sourcing operations. He has extensive experience in international business development to accommodate rapid growth. Skilled in building top-performing teams, bench-marking performance, and developing organizations to improve efficiency, productivity, and profitability. Experienced transition leader and change agent. Tom founded Nova Advisors with the mission of providing expert Global Business Development consulting services for companies seeking to expand their market share as an independent consultant. Tom has a network of experts and advisors throughout the Asia-Pacific region and North America. His expertise includes business development, global sourcing, manufacturing, commodities, logistics, QA/QC, FDA, regulatory compliance, sustainability, and supply chain optimization. Tom is experienced in the medical device, apparel, consumer goods and technology services verticals helping companies advance their global sourcing capabilities and develop new markets through a local and sustained approach. Located in SE Asia and the United States, Tom expands market reach to drive sales. His global sourcing strategy includes directly negotiating with commodity suppliers, supply chain networks and distributors for optimal terms based on his expertise and first-hand knowledge of the players. Contact Tom to use his consulting service to increase your global market and make global sourcing profitable for you in the Asia Pacific Region and the United States. http://www.NovaAdvisors.com thomas@NovaAdvisors.com USA Direct: +1.904.479.3600 SINGAPORE: +65.6818.6396 THAILAND: +662.207.9269
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