LehmanBrown has released its latest Insight on ‘Made in China 2025 and Internet Plus’.
In March 2015, Premier Li Keqiang formally announced the ‘Made in China 2025’ initiative which aligned with the 13th Five Year Plan, Internet Plus and outbound focused policy of the Belt & Road Initiative is centred on reforming and modernising China’s manufacturing sector. Influenced by the Industry 4.0 roadmap set out by Germany in 2013, Premier Li commented at the official announcement that ‘Made in China 2025’ will “upgrade China from a manufacturer of quantity to a manufacturer of quality”. This roadmap has been established to build a thriving innovation led economy through to 2025 and beyond.
What does this mean for Foreign Invested Enterprises (FIEs) and are there still opportunities for FIEs to thrive within China Industry 4.0 in what could be construed by certain quarters as China closing its doors further to FIEs? This article assesses China Industry 4.0 as a whole and set out the opportunities within which FIEs can leverage their competencies successfully.
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