China's State Council has created a group of senior government officials to oversee the planned transformation of the nation’s manufacturing sector.
According to a statement by the Council, the group will be charged with improving cooperation between different regions and government ministries in an effort to boost the manufacturing sector.
China’s manufacturing sector, enormous by any measure, is currently stagnating somewhat and Beijing is looking to the future.
Thus, it is pursuing the "Made in China 2025" campaign, which the newly-formed group will coordinate.
This ambitious strategy was launced earlier this year. At that time, Miao Wei, minister of industry and information technology said it is intended to see China “realise industrialization nearly equal to the manufacturing abilities of Germany and Japan at their early stages of industrialization”.
The plan will see China move from its current reliance on high volume low-end manufacturing to more value-added and tech-intensive production.
Ten key growth sectors – new information technology, numerical control tools and robotics, aerospace equipment, ocean engineering equipment and high-tech ships, railway equipment, energy saving and new energy vehicles, power equipment, new materials, medicine and medical devices, and agricultural machinery – have been identified.
And policy will be guided by nine priorities – improving manufacturing innovation, integrating technology and industry, strengthening the industrial base, fostering Chinese brands, enforcing green manufacturing, promoting breakthroughs in 10 key sectors, advancing restructuring of the manufacturing sector, promoting service-oriented manufacturing and manufacturing-related service industries, and internationalizing manufacturing.