Freerange Stock
China is embarking on a major initiative to transform and upgrade its traditional industries, aiming to deeply integrate advanced manufacturing with modern service sectors. The country’s top economic planner announced the strategy, which focuses on enhancing industrial innovation, improving quality and efficiency, and achieving green and low-carbon development. The plan targets key sectors such as steel, non-ferrous metals, and petrochemicals.
The initiative includes specific goals, such as establishing over 100 benchmark enterprises for intelligent manufacturing and creating a number of advanced industrial clusters by 2030. This move is seen as a crucial step in modernizing China’s industrial base, strengthening its supply chain resilience, and fostering new competitive advantages in the global market through technological advancement.
