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Made in China 2025

Made in China 2025 is a blueprint for transforming the country from being a low-end, labor-intensive economy that makes toys and clothes to becoming a high-end producer of goods that engineers advanced products like robots and electric cars. The plan funnels billions into 10 industries, everything from bio-pharmaceuticals to aerospace and telecom devices. It calls for 70% of related materials and parts to be made domestically within a decade. The goal is to tap into China’s increasingly wealthy home consumer base as well as the value-added global sourcing segment.

One of the aims of "Made in China 2025": increase research and development spending to 1.68% of operating revenue by 2025, from less than 1% in 2015 and 1.26% in 2020.

The European Union Chamber of Commerce in China recently released a report, "China Manufacturing 2025: Putting Industrial Policy Ahead of Market Forces," criticizing the government subsidies that are provided to high tech industries in China, noting that these firms will be able to compete unfairly with foreign firms that have no government funding.

Criticisms

Technical and management consultancy services to improve productivity, quality and efficiency and to minimize risks through process design and optimization, and operation and project management;

Opportunity