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Currently, China still lags behind other global manufacturing giants like Germany and the US. As a study released by the Chinese Academy of Engineering has pointed out, the nation’s manufacturing sector is facing enormous challenges amid new evolv- ing technologies and industrial reforms across the world. Developed economies have their own edge, and emerging economies have to catch up. In fact, China’s manufacturing industry has three major issues： （1） lack of innovation； （2） weakness in core technologies； （3） and excessive energy consumption and severe pollution.
“China is being pressured from both sides,” an MIIT official who preferred to remain anonymous said earlier in May,“Advanced economies such as the United States, Germany and Japan have all formulated policies supporting further development of their own manufacturing. At the same time, emerging economies such as those of India and Brazil are also catching up with their own advantages.”
Chinese manufacturing accounts for about 20 percent of the world’s total, but it is “far from strong”. Chinese factories still struggle with decreasing demand, increasing competition from international competitors and a decreasing rate of eco-nomic growth.
In order to accelerate the transformation of China from a big manufacturing power to a strong manufacturing power, Premier Li Keqiang has advanced the “Made-in-China 2025”concept in his Government Work Report to the top legislature this year.
Early in March, Chinese Prime Minister Li Keqiang chaired an executive meeting of the State Council in order to accelerate the implementation of the “Made-in-China 2025 Plan”, which would help to upgrade the manufacturing industry. The council reviewed and approved the Outline, which is now hailed as“Chinese Industrie 4.0”.
The manufacturing industry is a main part of the national economy as well as a main battlefield of technological innovation. For a while, the “Made-in-China 2025 Plan” and “Chinese Industrie 4.0” had become prominent words in China.
According to the three-step action plan, China will rank among the world’s top manufacturing powers in the next decade. By 2045, the nation will become the leading manufacturing power, consolidating its might before the nation celebrates the 100th anniversary of the founding of the People’s Republic in 2049.
What is “Made- in-China 2025”?
“Made-in-China 2025” will be followed by two other plans in order to transform China into a leading manufacturing power by the year 2049. It is the guideline for the first decade and will lay a solid foundation for the next two stages.
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