Made in China 2025: The plan of action
If you see Taiyuan Iron and Steel (Group) Co's recently attained capability to make domestic pen-tip steel for ballpoint pens as a sign of an exclusive focus on small things, you will be mistaken. The nation's top maker of stainless steel has decidedly big plans.
Seeing tremendous potential in the backpack-sized small drone market, DJI Innovation Technology Co, China's largest commercial drone manufacturer, unveiled a foldable drone, the Mavic Pro, in September.
Its website and domestic drone company EHang Inc signed a collaboration agreement, which will see reporters given training on unmanned aerial vehicles photography.
China made robotics a focal point of its recent "Made in China 2025" plan and has set national goals of producing 100,000 industrial robots a year and having 150 robots in operation for every 10,000 employees by 2020, a figure known as robot density. Currently, China ranks 28th in the world for robot density, behind Portugal and Indonesia. Chinese suppliers sold about 20,000 robots last year to local companies.
There has never been such a dynamic rise in such a short period of time in any other market than China.
China Railway Rolling Stock Corp Ltd, the country's railway vehicle and equipment exporter, will augment both overseas production and R&D to increase overseas sales revenue substantially.
In a noisy workshop, laser machines roared and shot out sparks as they cut metals into different shapes. Chinese characters for "Made in China 2025" were prepared this way for Premier Li Keqiang's visit.
Hangzhou Notebike Technology Co Ltd announced Tuesday that the company has completed series A funding round from JD Zhongchuang Investment Fund, and plans to develop self-driving vehicles with JD.com.
For the first time, four Chinese brands have been ranked among the top five most profitable smartphone vendors around the globe due to Samsung's fiasco surrounding the Galaxy Note7, according to an industry consulting company.
Qoros, a joint venture between China's domestic automaker Chery and Israel Corp is to join hands with Cambridge University to build a car for its student group Eco Racing to participate in a solar-powered car race next year.
China was until recently known as the 'factory of the world', but that is all about to change as the focus shifts to innovation and high-end production.
In a bid to move manufacturing up the value chain, the 10-year national plan, Made in China 2025, intends to boost technological innovation, create and shape home-grown brands, and promote breakthroughs in 10 key sectors, including information technology, aerospace equipment, and new energy vehicles.
