Silver lining in slowing Chinese economy(2)

The high-tech industry accounted for 10.6 percent of the country's overall industrial value-added output in 2014.

The fast expansion of the high-tech and modern service industries shows the economy is advancing to the "middle and high end," said Xie Hongguang, NBS deputy chief.

China should work toward greater investment in "soft infrastructure," like innovation, to climb the global value chain, said Zhang Monan, an expert with the China Center for International Economic Exchanges.

Innovation is one of the government's focuses, with promises made to boost the implementation of the "Made in China 2025" strategy, which will upgrade the manufacturing sector and aid the achievement of a medium-high level of economic growth.

MADE IN CHINA 2025

The Made in China 2025 will focus on the upgrading the manufacturing sector, Su Bo, vice minister of industry and information technology, said Friday.

Ten sectors -- new information technology, high-end numerically-controlled machine tool and robot, aerospace equipment, ocean engineering equipment and ships with high technology, advanced railway traffic equipments, energy saving and new energy vehicles, power equipment, new material, biological medicine and high-performance medical devices as well as agricultural production machinery --- will be prioritized.

The strategy aims to improve manufacturing innovation abilities, integrate informatization and industrialization, strengthen industrial base ability, thoroughly enforce green manufacturing and promote manufacturing internationalization level, among others.

It will not only push forward the transformation and upgrading of traditional manufacturing industry, but also push development, according to Su.

To this end, China will focus on five major projects, including the establishment of a manufacturing innovation center.

Made in China 2025 is the first 10-year action plan designed to boost new strategies to achieve stable growth, said Su.

Accelerated industrialization is supported by the manufacturing sector, according to a statement released after an executive meeting of the State Council, presided over by Premier Li Keqiang.

The Made in China 2025 strategy was proposed in this year's government work report. It said that the strategy had the potential to empower the manufacturing sector, while boosting "innovated in China," which will help to attain the goal of achieving medium-high-level economic growth.