This Day, That Year

Item from Aug 25, 1996, in China Daily: Senior machinery industry officials are urging the sector to firmly push forward the opening-up policy and absorb more foreign investment for the long term.

Stepped up foreign cooperation will help temper the industry and make it more competitive.

Manufacturing upgrading has become a huge trend in China in recent years, and progress has been impressive, on the back of Made in China 2025 and the Belt and Road Initiative.