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China preparing development plan to boost manufacturing prowess

Abstract : China is formulating the development plan for its manufacturing sector for the 14th Five-Year (2021-2025) and medium- and long-term period, the Ministry of Industry and Information Technology said on Tuesday.

BEIJING, April 20 (Xinhua) — China is formulating the development plan for its manufacturing sector for the 14th Five-Year (2021-2025) and medium- and long-term period, the Ministry of Industry and Information Technology said on Tuesday.

The plan will focus on key areas such as industrial base and scientific and technological innovation, as well as key industries including major technical equipment and raw materials, said Huang Libin, spokesperson for the ministry, at a press conference.

Last year, China unveiled a development plan for its new energy vehicle industry for the 2021-2035 period.

To promote high-quality manufacturing, China will accelerate the improvement of manufacturing innovation capability and elevate the modernization of the industrial and supply chains, said Huang.

The country will also promote the high-end, intelligent and green development of manufacturing industry and fully open up its general manufacturing sector, he added. Enditem

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Xinhua Silk Road (en.imsilkroad.com) is the Belt and Road Initiative (BRI) portal.China’s silk road economic belt and the 21st century maritime silk road website,includes BRI Policy, BRI Trade, BRI Investment, Belt and Road weekly, Know Belt and Road, and the integrated information services for the Belt and Road Initiative (BRI).

Source: China preparing development plan to boost manufacturing prowess

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