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Title : China Says It Will Take 30 Years For It to Achieve Manufacturing 'Greatness'
link : China Says It Will Take 30 Years For It to Achieve Manufacturing 'Greatness'
China Says It Will Take 30 Years For It to Achieve Manufacturing 'Greatness'
China is at least 30 years away from becoming a manufacturing nation of "great power", a government advisor told party delegates on Sunday.
Many observers already see China as the "world's factory" given that more than a third of global output from cars to phones comes from there.
But China's leaders are concerned about its heavy dependence on the US for high-tech products like semiconductors.
"Basic capabilities are still weak" Miao Wei warned on Sunday.
"Core technologies are in the hands of others" and China runs the risk of "being hit in the throat" warned Mr Miao, who was Minister of Industry and Information Technology for a decade.
Read more ....
WNU Editor: China is still a long way from matching the U.S.. But it is making progress .... China sets 2021 GDP growth target of over 6% (CNBC).
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China is at least 30 years away from becoming a manufacturing nation of "great power", a government advisor told party delegates on Sunday.
Many observers already see China as the "world's factory" given that more than a third of global output from cars to phones comes from there.
But China's leaders are concerned about its heavy dependence on the US for high-tech products like semiconductors.
"Basic capabilities are still weak" Miao Wei warned on Sunday.
"Core technologies are in the hands of others" and China runs the risk of "being hit in the throat" warned Mr Miao, who was Minister of Industry and Information Technology for a decade.
Read more ....
WNU Editor: China is still a long way from matching the U.S.. But it is making progress .... China sets 2021 GDP growth target of over 6% (CNBC).
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