To accelerate the transformation of China from a big manufacturing power to a strong manufacturing power, Premier Li Keqiang advanced the "Made in China 2025" concept in his Government Work Report to the top legislature this year. There are three stages to the transformation that will take about three decades all together. "Made in China 2025" is the guideline for the first decade. It will lay a solid foundation for the next two stages.
It focuses on an innovation drive, intellectual property and green development. The authorities will also provide preferential policies to promote the restructuring of the traditional manufacturing industry, and support enterprises' mergers and reorganization, as well as market competition. Industrialization and informatization will be deeply integrated to make breakthroughs in some key fields.
Minister of Industry and Information Technology Miao Wei said the "Made in China 2025" strategy is of great significance to the development of China's manufacturing industry. In 2010 China became the biggest manufacturing power in the world, but not a strong manufacturing power as China lacks enterprises and products that have international competitiveness. It is expected that the "Made in China 2025" plan will lift the country into the second tier of the global manufacturing industry by then.
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