'Made in China 2025' to outline future roadmap for manufacturing
Updated: 2015-04-28 09:18
(Xinhua)
|
|||||||||||
To this end, "Made in China 2025" will focus on five major projects, including the establishment of a manufacturing innovation center, according to Su.
A focus on innovation has resulted in some domestic companies, such as telecommunications giant Huawei, climbing up the value chain. The Shenzhen-based company has spent more than 190 billion yuan on R&D over the past decade. Of its 150,000 employees, more than 45 percent are in innovation, research and development positions.
In 2014, spending on R&D in China accounted for 2.1 percent of GDP, a record high. The proportion in some regions such as Shanghai was as high as 3.6 percent.
Thanks to these efforts, improvements can be seen, such as the industrial value added of the high-tech sector and equipment manufacturing, which jumped by 11.4 percent and 7.7 percent respectively in the first quarter, out-pacing overall industrial growth.
Industrial output grew 6.4 percent year on year in the January-March period, down from 8.7-percent growth a year ago.
By 2025, the plan aims to see the lead time of products shortened by 20 percent of the current average, according to the insider.
"Made in China 2025", proposed in this year's government work report, was touted as having the potential to empower the manufacturing sector.
Related Stories
Chinese SMEs confidently join global competition 2015-04-17 10:06
Only through quality can China conquer the global market 2015-04-09 09:35
China must upgrade industry to remain competitive, experts say 2015-03-28 16:51
China to boost 'Made in China 2025' strategy 2015-03-26 10:23
China needs to become manufacturing power 2015-03-13 17:48
Today's Top News
China rescue team starts work in Nepal
At least 20 dead in Tibet following Nepal quake
Opinion: China leads in many high-speed rail aspects
Neighborly visits on border
China plays down capital exodus
The real Apple Watchon sale Friday in China
US strike inadvertently killed US, Italian hostages
Duties on rare earth exports to be ended
Hot Topics
Lunar probe , China growth forecasts, Emission rules get tougher, China seen through 'colored lens', International board,
Editor's Picks
What do we know about AIIB |
Full coverage of Boao Forum for Asia |
Annual legislative and political advisory sessions |
Festival Special: Apps that make holiday shopping easier |
Listed firms caught in anti-corruption net |
Conca set to return to China |