China launches five-year manufacturing plan

China has announced a five-year plan aimed at strengthening its industrial capabilities and enhancing the quality of its manufacturing sector by 2030. The plan includes addressing vulnerabilities in the industrial base, such as core components, raw materials, and software, with the goal of achieving technological breakthroughs and increasing self-reliance. It also seeks to develop leading and distinguished industrial companies in specialized fields, with the aim of elevating Chinese industrial capabilities to advanced global levels and supporting the construction of a modern industrial system based on advanced manufacturing.

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