Manufacturing to get a major boost
Zhang Yue
Updated:
Jul 28,2021 09:46 AM
Xinhua
China is rolling out new efforts to nurture a number of manufacturers that specialize in niche sectors and specific industries.
Such policy efforts will help enhance and stabilize the country's manufacturing and supply chain, contributing to both the Chinese and world economies in the post COVID-19 era, experts and industrial insiders said.
Earlier this month, six ministries — including commerce, industry and information technology, and science and technology — jointly issued a guideline on scaling up efforts in building the country's manufacturing sector.
China will strive to cultivate 10,000 small giant companies with high growth potential, advanced technologies and a strong market competitive edge before 2025, according to the guideline.