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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 ...
"Made in China 2025" (中国制造2025) Initiative to comprehensively upgrade Chinese industry and to obtain a bigger part of the global production chains. [6] Aims to address four worrying trends in current situation: (Nationally) vital technologies lack a (domestic) core platform
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.
However, a large percentage are imported from multinational suppliers. In 2020, imports took up 83.38% ($199.7 billion) of total chip sales. In response, the country has launched a number of initiatives to close the gap, including investing $150 billion into its domestic IC industry, with a "Made in China 2025" goal of 70% domestic production.
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In 2010, China's sales of electric vehicles were only 5,000 units. By 2015, the sales had surged to 331,000 units. In 2015, the Xi Jinping Administration launched the Made in China 2025 industrial policy that prioritized electric vehicles.
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