Nation unveils manufacturing upgrade plan
China released a three-year action plan to upgrade manufacturing sectors such as new materials, shipbuilding and railway vehicles to catch up with other established rivals in the world, the nation's top economic planner announced on Monday night.
The National Development and Reform Commission released the three-year action plan (2018-20) for manufacturing business to stimulate growth points in key industries including high-speed trains, high-end vessels, offshore engineering equipment, industrial robots, new energy vehicles, new materials, biological medicine and medical devices.
The country plans to achieve industrial production of key technological breakthroughs in major manufacturing industries by 2020, the NDRC said in a statement on its website.
