China aims world leadership in telecom, railway and electric power equipment
January 30, 2018 Category China News Round-up, Weekly
China aims to become the world’s leading manufacturer of telecommunication, railway and electrical power equipment by 2025, as the country ramps up its implementation of the Made in China 2025 strategy, according to a new roadmap. Qu Xianming, an expert involved in drafting the updated version of the Made in China 2025 technology roadmap, said China has already made great strides in the above three areas, but more efforts are needed to crack the bottlenecks of key components in order to achieve global supremacy.
“It is not just about production capacity. Instead, we aim to become No 1 in research and development, as well as the application of these products,” said Qu, an expert with the National Manufacturing Strategy Advisory Committee, an organization that advises the government on plans to upgrade the manufacturing sector. Home appliances, petroleum refining equipment and construction machinery are also likely to be added to the key areas of Made in China 2025.
“It is still under discussion. But if they are added to the list, the central government will roll out measures to assist their development,” Qu added. The first version of the Made in China 2025 technology roadmap was published in 2015. It was designed to guide local governments and enterprises in their manufacturing investment and other business decisions. But the past two years have witnessed new ideas and technologies pop up, demanding an updated technology roadmap to reflect the new trends and problems in the manufacturing industry. China has already become one of the world’s largest producers of more than 220 types of products, the China Daily reports.
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