‘Two sessions’ 2021: China is ‘30 years off being a top-tier industrial powerhouse’

Source: South China Morning PostChina will take at least 30 years to become a top manufacturing power like the US or Germany, its former industry minister has said, as Beijing steps up plans to reinforce its industrial foundations and supply chains over the next five years.Miao Wei, who oversaw the Ministry of Industry and Information Technology for a decade before stepping down in August, listed a range of basic challenges to China’s manufacturing sector, including its weakness in foundational areas such as basic parts,…Read More

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