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1 Jun, 2015

China pinpoints Ten Key Sectors to drive economy until 2025

Beijing, (People’s Daily Online), May 22, 2015 – China’s State Council unveiled a national plan recently, dubbed “Made in China 2025″. It is the first 10-year action plan designed to transform China from a manufacturing giant into a world manufacturing power.

Miao Wei, Minister of the Ministry of Industry and Information Technology, summarized the main contents of the plan with “One Two Three Four Five Five Ten” in an interview with People’s Daily.

“One” means a target: China will develop to a manufacturing power.

“Two” means integrating information technology and industry to achieve the goal.

“Three” means achieving the goal through a “three step” strategy, and each step will require about ten years. In the first step, by 2025 China will be ranked among the manufacturing powers; in the second step, by 2035 China’s manufacturing sector will reach a generally moderate level among the manufacturing powers; the third step will mean transforming China into a leading manufacturing power by 2049, which will be the 100th anniversary of the founding of the People’s Republic of China.

“Four” means four principles: market-oriented and government-guided; based on the present and having a long-term perspective; comprehensively pressing forward and making breakthroughs in key areas; independent development and win-win cooperation.

The first “Five” means five guidelines: innovation-driven, giving priority to quality, green development, optimizing structure, and talent oriented

The second “Five” means five projects: establishing a manufacturing innovation center and more.

The “Ten” means 10 key sectors. They are new information technology, numerical control tools and robotics, aerospace equipment, ocean engineering equipment and high-tech ships, railway equipment, energy saving and new energy vehicles, power equipment, new materials, biological medicine and medical devices, and agricultural machinery.

To buttress the plan, China will introduce a slew of policies to deepen institutional reforms and strengthen financial support, said Miao Wu.

This article was edited and translated from 《中国制造2025 瞄准十大重点领域》, source: People’s Daily