Analysts: Industry must master core tech in key sectors

Manufacturers should make more of an effort to master core technologies in key sectors and improve their R&D capabilities - while introducing advanced technologies and equipment from abroad - analysts said on Thursday, in response to Premier Li Keqiang's comments this week on the Made in China 2025 initiative.

"On the one hand, Chinese enterprises should make more of an effort to strengthen corporate management and enhance the quality of their products as well as recruiting more R&D expertise, in order to enhance their competitiveness," said Luo Zhongwei, a researcher at the Institute of Industrial Economics under the Chinese Academy of Social Sciences.

On the other hand, they needed to learn and absorb experience and expertise from their foreign counterparts to bridge the quality gap between products from home and abroad, Luo said.