Last month, China's State Council announced plans to accelerate the new "Made in China 2025" strategy, intended to upgrade the manufacturing sector, encourage innovation, and help maintain economic growth at a medium-to-high level. Government support will include special funding and tax incentives, focusing on 10 industrial sectors.
According to Premier Li, China will implement the "Made in China 2025" strategy in conjunction with an "Internet Plus" plan, based on innovation, smart technology, the mobile Internet, cloud computing, Big Data and the Internet of Things. In many respects this is analogous to the Industrie 4.0 initiative launched by the German government several years ago, which provides a model of sorts for China's strategy.
According to a news release posted on the Chinese government's web-site, "China has become the world's second-largest economy by producing enormous amounts of consumer products and selling them overseas. But the days of double-digit growth in manufacturing output have gone, stemming from inefficient traditional methods and a lack of high-end manufacturing." The new strategy calls for "greener, more intelligent manufacturing, with an emphasis on quality and adapting well to the trend of being increasingly integrated with the Internet."
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Keywords: Made in China 2025, Information-Driven Manufacturing, Industrie 4.0, Industrial IoT, ARC Advisory Group.