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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About thomasdinnocenzi

Thomas D'Innocenzi is a highly accomplished, results-focused senior international executive with extensive experience in global sourcing and market development worldwide to meet evolving business needs. Tom has proven ability in implementing and managing profitable global sourcing operations worldwide. Extensive experience in international market development operations to accommodate rapid growth. Skilled in building top-performing teams, benchmarking performance, and restricting organizations to improve efficiency, productivity, and profitability. Experienced transition leader and change agent. As principal of Nova Advisors, LLC I’ve assembled an exemplary team that brings with them the knowledge and experience gained from starting up a Global Sourcing program with multiple Fortune 500 companies as well as the largest supplier network throughout the Asia-Pacific region. We have experience and expertise in more than a thousand medical and pharmaceutical products in manufacturing and sourcing at the best value. The right product, the right price point and the right branding fueled these successes that resulted in double-digit growth for top line sales and bottom line net margins for our customers. What sets us apart: • Our reach includes a large network of suppliers & manufacturers spanning 13 countries in Asia-Pacific region • We understand the manufacturing process and the business of the supplier and the buyer • Our company culture is based on quality assurance and our process is based on local quality control Our commitment is to be your partner offering the best products and services at the lowest cost. Contact me to discuss how we can make the global marketplace work for you. thomas@novaadvisors.com In addition, I am open to discussing opportunities in global sourcing, international marketing & sales, logistics and medical/pharma in Thailand, Vietnam, Malaysia, Philippines & Japan. Aside from my work I enjoy piano, astronomy, physics, and assisting my daughters with their studies. SPECIALTIES: Global Sourcing, Supply Chain Management, Business Development, Marketing, Logistics, Global Networking, Market Development, Healthcare Solutions, Pharmaceuticals, Medical Devices, Technology, Asia, Southeast Asia, US and Canada
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