Made in China 2025 will boost manufacturing

With the fourth industrial revolution prompting adjustments and changes in the global manufacturing industry, some developed economies, including the United States, Germany, the United Kingdom, France and Japan, have already worked out strategies to boost their manufacturing sectors.

China has the world's largest manufacturing sector, both in scale and output, but the sector still lags behind those of industrialized countries in terms of profit margin, efficiency, quality, industrial structure, sustainable development and resource consumption. To develop an advanced manufacturing therefore, China needs to shift its focus from scale and speed to quality and efficiency.

In fact, the Chinese government has devised the Made in China 2025 plan exactly to achieve that goal. Based on hundreds of Chinese experts' in-depth studies of global manufacturing development trend, industrialized economies' strategies, China's manufacturing problems and advanced technology's influence, the plan is aimed at facilitating the transformation and upgrading of China's manufacturing sector. Which will not only boost the sector's competitiveness but also develop China into a modern manufacturing powerhouse, by reducing resource consumption, improving labor productivity, enhancing innovation capability, expediting "informationalization", minimizing environmental impact and optimizing the industrial structure.