MADE IN CHINA 2025

Made in China 2025 (Chinese: 中国制造2025; pinyin: Zhōngguó zhìzào èrlíng'èrwǔ)[1] is a strategic plan of the People's Republic of China issued by Premier Li Keqiang and his cabinet in May 2015.[2] With it, China aims to move away from being the "world's factory" (producing cheap, low-quality goods due to lower labour costs and supply chain advantages) and move to producing higher-value products and services, like aerospace and semiconductors, and to achieve independence from foreign suppliers for such products and services. [3][4][5][6][7] It is in essence a blueprint to upgrade the manufacturing capabilities of Chinese industries into a more technology-intensive powerhouse.[8] The goals of Made in China 2025 include increasing the Chinese-domestic content of core materials to 40 percent by 2020 and 70 percent by 2025.[9] The plan focuses on high-tech fields including the pharmaceutical industry, automotive industry, aerospace industry, semiconductors, IT and robotics etc, which are presently the purview of foreign companies.[10] [source : Wikipedia]