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China continues support for high-tech manufacturing

Updated: Jul 26,2016 2:39 PM     Xinhua

BEIJING — China will strengthen policy support for high-tech manufacturing during H2, a senior official has said.

“The work of building the country into a global manufacturing powerhouse is moving from documents to implementation,” vice minister of industry and information technology Feng Fei said on the afternoon of July 26.

Emerging sectors, smart manufacturing and communications are expected to see specific guidelines in H2, while official five-year industrial plans on software, big data and new materials will also be rolled out, he said.

Pilot projects will cover industrial Internet, manufacturing standards and aircraft engines.

China plans to earmark 5.2 billion yuan (nearly $780 million) from its central budget to improve manufacturing in 2016, up 50 percent from a year ago.

The central government in May 2015 unveiled a national plan, named “Made in China 2025”, to develop more high-end products rather than churning out cheap, low quality goods.