China Comes Up with Plan to Promote High Tech Manufacturing

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  • The plan aims for creation of flagship firms and pilot zones for advanced manufacturing in place by 2025
  • Previously, a plan called “Made in China 2025″ had called for government-led creation of global competitors in robotics, electric cars

According to a report by the Associated Press, China has issued an outline of policies aimed at promoting high-tech manufacturing. A statement issued by the Cabinet’s planning agency called for the government to help manufacturers in autos, electronics and other fields. The report was jointly issued by the ministries of industry, finance and education, the central bank and other government agencies.

The report says in order to promote the plan, there will be creation of flagship firms and pilot zones for advanced manufacturing in place by 2025. Previously, a plan called “Made in China 2025″ had called for government-led creation of global competitors in robotics, electric cars and other fields. USA and other trading partners complained that this violated Beijing’s market-opening obligations and shielded Chinese companies from competition.

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