This new plan falls under the country’s Made in China 2025 initiative, which was announced last year. The goal of which is to stave off competition from emerging markets and to boost the country’s slowing economy by upgrading its manufacturing capabilities. The initiative is focused on innovation and quality across 10 sectors, including robotics, aerospace, renewable energy and medicine.
Thursday the Ministry of Industry and Information Technology and the Ministry of Finance announced the plan to use intelligent manufacturing to improve efficiency, lower costs and decrease energy consumption.
Over the next five years, China pledges to develop equipment, make technological breakthroughs and set standards for intelligent manufacturing, the support system for which will be established by 2025.