What can be read from "Made in China 2025"

In this year's government work report, Premier Li Keqiang mentioned a new concept for industrial development: to implement "Made in China 2025". What exactly is "Made in China 2025" may not be familiar to all walks of life. In the group discussion of the CPPCC National Committee on the 4th, Li Yizhong, deputy director of the Financial and Economic Committee of the National Committee of the Chinese People's Political Consultative Conference and former Minister of the Ministry of Industry and Information Technology, revealed that the Ministry of Industry and Information Technology and the Academy of Engineering are currently formulating a 2025 plan for Chinese manufacturing and will soon report it to the State Council. It seems that the forthcoming "Made in China 2025" will play a pivotal "road map" for the future development of China's manufacturing industry, but the specific content has not yet been finalized and announced.

From a global perspective, the concept of Industry 4.0 has led the development of manufacturing around the world. The emphasis on industrialization and intelligent integration and development has been pioneered by some of China's developed manufacturing regions. China must move from a "manufacturing power" to a "manufacturing power" and certainly cannot fall behind in this wave of global industrial revolution.

From the perspective of China itself, with the rise of labor price factors and the changes in the demographic structure, the “Made in China” form of low quality and low price in the past must be transformed into a mid-to-high end. At the same time, with the advancement of urbanization and the rise of national consumption power, the demand for high-end consumer goods in China's domestic market is constantly improving. Not long ago, “going to buy toilet seats in Japan” became a hot topic. Some people saw from this phenomenon that there are still many shortcomings to be strengthened from “Made in China” to “China’s wisdom”, but the consumption of Chinese people behind this phenomenon The increase in the level of demand and the increase in consumer willingness are easily overlooked. Judging from the law of industrial development, production tends to lag behind demand. The current increase in consumer demand in China should be seen as a favorable way to promote the transformation of China's manufacturing industry. Only when the market needs high-end products, entrepreneurs have the motivation to produce them in every possible way. From this point of view, the current internal and external conditions for "Made in China 2025" have matured.

Then, the manufacturing industry has to change, how is it changed? Some information can also be read from the formulation of "Made in China 2025". First, the improvement of manufacturing industry will not be a short-term project, limiting the year to 2025, ten years later, reminding local governments and entrepreneurs to be prepared for the long-term and arduous nature of manufacturing transformation. To achieve this rare "ten-year plan", it is inevitable to fight a "protracted war." On the other hand, emphasizing “Made in China” means that we cannot use the complete “takenism” to treat Industry 4.0, and copy the specific practices of foreign countries into Chinese manufacturing. Germany is a veteran industrial country with deep manufacturing and outstanding scientific and technological innovation capabilities. Although China's manufacturing industry has a global growth rate, it has a very big difference in terms of technology content, number of talents and types of enterprises. If you swallow, you will only get "indigestion." Therefore, we have reason to expect that "Made in China 2025" is a "grounded gas" plan, based on the specific reality of China's manufacturing industry, and studies the specific problems of China's manufacturing industry.

Although the specific content of "Made in China 2025" has not been announced, the main line must be to strengthen innovation drive. This in turn involves all aspects of the problem, from fiscal and taxation policies to talent education, from industry, university and research to corporate finance. Although the "innovation drive" is only a short four words, under the grand plan of "Made in China 2025", there will be a lot of articles to be made.

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