'Made in China 2025' another step on road to modernization

As if recent central government initiatives such as the China-led Asian Infrastructure Investment Bank were not enough, the State Council has unveiled a 10-year plan aimed at propelling Chinese manufacturing toward world-class status: "Made In China 2025".

Crucially, the plan targets world-class Chinese brands, and not just high-quality products, as the main goal.

Given the details disclosed by the Ministry of Industry and Information Technology, the government department most responsible for the plan's development, this is clearly another example of good, enabling government.