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The Bosch Group is a leading global supplier of technology and services, in the areas of automotive and industrial technology, consumer goods as well as building technology.
Made in China 2025' plan unveiled to boost manufacturing
The State Council announced the action plan and it focuses on innovation-based industrial upgrades. Made in China 2025 prioritizes ten key sectors, including new information technology and new energy. Miao Wei -- minister of industry and information technology -- says the plan is expected to fast-track China's transition from being a large manufacturer into a competitive global player.
"We hope through ten year's effort, China could become a second-tier player on the global manufacturing. That will also pave the way for the sector's further development," Miao said.
Mr. Miao says China is looking to integrate information technology even more in order to help its factories climb up the value chain.
"The 18th CPC National Congress called for further integration of informatization and industrialization, as a way to boost manufacturing. That's what "Made in China 2025" focuses on, and aspires to achieve," he said.
The minister also acknowledges that China's manufacturing sector is facing headwinds, including structural adjustments, competition and a fading low-cost edge. But he says the use of Internet Technology will become a powerful engine in driving the changes.
Chinese manufacturing accounts for about 20 percent of the world's total, but it is "far from strong," according to Li Beiguang.
"Made in China 2025" emerged as Chinese factories still struggle with decreasing demand, increasing competition from international competitors and slower economic growth.
The plan will span the whole manufacturing industry, applying advanced ideas not only from Germany and Japan, but also from the United States and Britain, among others, said officials.
Of all the projects included in the "Made in China 2025" plan, intelligent manufacturing is crucial, according to Miao, adding that the MIIT is taking part in a three-year study on the topic.
Proposed in this year's government work report, the "Made in China 2025" blueprint was drafted by four ministries, including the MIIT, and submitted to the State Council weeks earlier.