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Logo. Made in China 2025 (MIC25, [1] MIC 2025, [2] or MIC2025; Chinese: 中国制造2025; pinyin: Zhōngguózhìzào èrlíng'èrwǔ) [3] [4] is a national strategic plan and industrial policy [5] of the Chinese Communist Party (CCP) to further develop the manufacturing sector of China, issued by CCP general secretary Xi Jinping and Chinese Premier Li Keqiang's cabinet in May 2015. [6]
In 2015, China launched its Made in China 2025 industrial policy. [9]: 116 Its goal is to boost China's innovation in sectors deemed critical for the future of the world economy. [9]: 116 Policy support for Made in China 2025 has also included government guidance funds, national laboratories, and state funded incentivization for research grants ...
The 14th Five-Year Plan, officially the 14th Five-Year Plan for Economic and Social Development and Long-range Objectives Through the Year 2035 of the People's Republic of China, is a set of Chinese economic development goals designed to strengthen the national economy between 2021 and 2025.
[4] [6] It adopted a two tier management structure where the board set the strategy and approved major projects while Sino IC Capital carried out the investments and managed the money. [5] The near-term goal was growing annual revenue of domestic semiconductor companies from 2015 to 2020 and to become a global leader in all segments of the ...
Lithium prices are expected to stabilise in 2025 after two years of steep declines as shuttered mines and robust electric vehicle sales in China soak up an oversupply, although the potential for ...
China vowed on Tuesday to build up industries it sees as crucial to future competitiveness, ranging from artificial intelligence to space, while offering to free up access to manufacturing and ...
Beijing also plans to increase China's natural gas production, which currently accounts for only 3% of China's total energy consumption and incorporated a natural gas strategy in its 10th Five-Year Plan (2001–2005), with the goal of expanding gas use from a 2% share of total energy production to 4% by 2005 (gas accounts for 25% of U.S. energy ...
In 2022, the country announced a Made in China 2025 goal of 70% domestic production. [2] [3] China leads the world in terms of number of new fabs under construction, with 8 out of 19 worldwide in 2021. A total of 17 fabs were expected to start construction between 2021 and 2023.