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    Economy

    Made in China 2025 gets boost from Li(2)

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    2017-07-20 08:38China Daily Editor: Li Yahui ECNS App Download

    Land supply in the demonstration areas will receive extra support, with pilot measures to transform old business and storage facilities, idle buildings and excessive commercial real estate into incubation centers for entrepreneurship.

    The premier said funding support to the demonstration areas should be in line with market principles. The government should explore new paths of development, encourage competition, play an enabling role in building platform and drawing talented people, he added.

    Zhu Sendi, a special consultant for the China Machinery Industry Federation, said the demonstration zones should be in either major cities or city clusters with strong manufacturing sectors. He helped draft guideline for the Made in China 2025 initiative.

    By setting these zones as examples, the manufacturing sector can further integrate with new technologies, such as cloud-computing, big data and artificial intelligence, to evolve into new models, he said.

    Traditional manufacturing can develop into smart, green and services-based manufacturing on the way to advanced manufacturing, the consultant said. That should be the way to elevate China's manufacturing industries and achieve the goal of becoming a competitive manufacturing country by 2025, Zhu added.

      

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