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China's manufacturing sector developed according to the principle of "walking on two legs," a policy of self-reliance introduced in the 1950s. In the 1980s one leg consisted of the state-funded and state-controlled large and medium-sized plants with the most qualified personnel and the most advanced equipment.
Although the Chinese industrialization is largely defined by its 20th-century campaigns, especially those motivated by Mao Zedong's political calls to "exceed the UK and catch the USA", China has a long history that contextualizes the proto-industrial efforts, and explains the reasons for delay of industrialization in comparison to Western ...
China's machinery manufacturing industry can provide complete sets of large advanced equipment, including large gas turbines, large pump storage groups, and nuclear power sets, ultra-high voltage direct-current transmission and transformer equipment, complete sets of large metallurgical, fertilizer and petro-chemical equipment, urban light rail transport equipment, and new papermaking and ...
By 1986 China had over 6,200 foreign-funded businesses, including 2,741 joint ventures, 3,381 cooperatively managed businesses, and 151 enterprises with sole foreign investment. Of the joint ventures, 70 percent were in production enterprises (manufacturing or processing) and 30 percent were service industries (primarily hotels or tourism).
In 2015, China devised "Made in China 2025", the government's ten-year plan to update national manufacturing base by rapid development of local high-tech industry. [ 3 ] The phrase "Made in China" is undergoing a transformation from its traditional associations with low quality to now encompassing advanced applications such as artificial ...
China’s changing car market overtook GM’s ability to adapt. In 2019, Tesla opened its factory in Shanghai, the first to be wholly owned by a foreign carmaker, and started churning out EVs for ...
In 2005, China's electronic information sector made up 16.6% of the country's economic growth and its added-value output formed 7% of the GDP. Manufacturing was the sector that grew the fastest. [3] As of 2011, China is the world's largest market for personal computers. [4]
Industrial recruiters had negotiated for years to bring a Chinese manufacturing plant to Columbia, a state capital that needed private industry to diversify its economy, which was heavily ...