SOURCE / ECONOMY
China is mapping key industry chains, with the target of addressing weaknesses and increasing resilience
Published: Mar 01, 2021 02:13 PM
People work at a workshop of Harbin Dongan Automotive Engine Manufacturing Co., Ltd. in northeast China's Heilongjiang Province, Feb. 25, 2021. In January 2021, the company's product sales and sales revenue increased by 10.79 percent and 18.34 percent year on year respectively. (Xinhua/Wang Jianwei)

People work at a workshop of Harbin Dongan Automotive Engine Manufacturing Co., Ltd. in northeast China's Heilongjiang Province, Feb. 25, 2021. In January 2021, the company's product sales and sales revenue increased by 10.79 percent and 18.34 percent year on year respectively. (Xinhua/Wang Jianwei)



China's Ministry of Industry and Information Technology (MIIT) disclosed Monday that it is "mapping" 41 major industries and its sub-sections with a view to addressing weaknesses and increasing resilience.

The project is conducive in formulating concrete policies to improve weak sections and strengthen industrial chains and supply chains.

China will take the initiative within surging new industries, such as 5G, new energy vehicles (NEV), high-end medical devices, biological medicine and new materials, and maintain the completeness of traditional advantage industry chains, according to Xiao Yaqing, minister of the MIIT.

Xiao said the industry chain distribution will be optimized geographically to facilitate industrial clusters.

There are mainly two ways to improve weak sections in China's industry chains. One is to launch projects of refreshing technologies in industries with salient weakness. The other is to establish national manufacturing innovative centers, which needs to be carried out quicker. China set up 17 national manufacturing innovative centers in the past 13th Five-Year Plan period which have achieved great effects.

Xiao also pointed out that these actions would support local enterprises in taking part in making the innovative systems across Chinese manufacturing.

Global Times
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