The Made in China 2025 plan to modernise manufacturing power is just one of the first steps in upgrading the nation’s technological prowess
Accordingly, Beijing implemented Made in China 2025 as a national plan and an industrial policy to transform the nation into a tech-intensive powerhouse.
Information technology stands out as the first key industry listed in the plan. At the time of its launch, China’s huge digitally savvy population already exhibited a big demand for IT products. It would have been an exaggeration to claim China was both a leading consumer and manufacturer of IT products. Instead, it was a hardworking follower, considering its limited hi-tech innovation capacity and focus on low-tech products.
But the plan provided a layered and institutionalised approach to addressing these structural weaknesses. With the leadership of the central ministries, central policy guidance was coordinated with flexible local implementation, backed by major state funds and overseas investments.
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