21 Nov High Tech Manufacturing in China. Click to keep reading…
Adopted in 2016, the Advanced Manufacturing Industry Investment Fund was established to support the Made in China 2025 plan. The plan’s intent is to upgrade hi-tech industries and reduce Chinese dependence on foreign technologies, like advanced semiconductors. An initial $2.8 billion investment benefited the robotics, rail transit, and the new-energy vehicle industries. The second $7.1 billion investment phase will be funded by a state-owned Chinese investment fund. This money will support the upgrade of Chinese manufacturing capabilities, innovation, and a contribution to the global value chain.
Beijing is committed to the development of key technologies and promoting innovation as the key to achieving high-tech manufacturing dominance. China has more than 1,900 “government guidance funds” to support investment in technology and to promote the upgrade of China’s industry.
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