Previously, Digital Ventures discussed the overview of Made in China 2025. We shared details of the plan for readers to explore the 10 key industries that are driving China towards its goal. In our previous blog, we talked about 2 of the 10 industries. Today, we will talk about other industries that are equally remarkable.
10 key industries
- New Information and Communications Technology or ICT
- Advanced Numerical Control Machine Tools and Robotics
- Ocean Engineering Equipment and High-Tech Ships
- Advanced Rail Transit Equipment
- Energy Saving and Smart Vehicles
- Electricity Equipment
- Agriculture Equipment
- New Materials
- Biopharmaceuticals and High-Performance Medical Equipment
Today, we will explore 5 key industries in Made in China 2025: Aerospace, Ocean Engineering and High-Tech Ships, Advanced Rail Transit Equipment, and Energy Saving and Smart Vehicles. These are heavy industries that drive macroeconomics and create future scientific research and innovations.
Aerospace is an industry with high potential because of the limited manufacturers. If China wants to advance with innovation, the focus on industries that require advanced technology is quite appealing. Aerospace R&D belongs to this category.
- Aviation. China wants to develop the aviation business and compete with international players, both in civil airlines and delivery via aircraft and helicopters. They set a sizeable goal for the revenue of local airlines to exceed 200 million RMB (approximately 1 billion THB) by 2025.
- Aircraft Engines is an advanced innovation that only a handful of countries can produce. China is currently designing their own engine, the CJ-1000A. By 2020, the model should be complete and commercialize by 2025.
- Airborne Equipment and System. The aviation industry involves different equipment. Thus, by 2020, China seeks to develop high-quality equipment with long service life. Then, their multipurpose airborne equipment shall capture 50% of the market share and 30% for regional airborne equipment.
- Aerospace Equipment. Aside from airborne equipment, China has included space missions to this category. China will establish the National Civil Space Infrastructure to operate space explorations via the “three steps missions”. By 2020, their goal is the mission to the moon. By 2025, China envisions highly efficient space transportations that supports space infrastructures. Also, they plan to achieve at least 80% of the space information application.
Ocean Engineering and High-Tech Ships
At present, ships remain to be the most prevalent mode of international transport due to its ability to accommodate a massive amount of cargos. Because of this capability, advanced technology is required to operate ships. China has only one goal for this industry.
- Ocean Engineering Equipment and High-Tech Ships. By 2020, China aims to be the leader in ship manufacturing for both general and high-tech ships as well as ocean engineering equipment. The goal is for local firms to capture 35-40% of the international market. By 2025, China looks to capture 40-50% of the international market.
Advanced Rail Transit Equipment
Rail transit remains to be an essential public transport for cities around the world. Expansion of cities and the need to connect regional logistics showed China the opportunity, thus, it is included in the plan.
- Advanced Rail Transit Equipment. China aims to uplift the rail transit R&D to an international level. By 2020, China aims for the manufacturing and development industry of Chinese trains to capture 30% of the market. Also, they will promote related businesses such as maintenance and land management to reach 15% and expand to the USA and Europe. By 2025, China plans to become the rail transit manufacturing leader with a 40% market share. Moreover, they will be setting standards for international land transport and the supply chain for rail system manufacturing.
Energy Saving and Smart Vehicles
The Chinese automotive industry may not be outstanding in the international level, but the high local consumption has stabilized this industry. For China to develop the industry, they must promote the global environmental-friendly trend. In this key industry, China has 3 highlights.
- Energy Saving Vehicles. By 2020, Chinese energy-saving vehicles’ oil consumption shall be 5 liters per 100 km. and exceed 50% of the domestic market. By 2025, oil consumption will decrease to 4 liters per 100 km. and market share is more than 60%. Moreover, China will dominate 20% of the global market for commercial energy-saving automobiles.
- New Energy Vehicles (NEVs) are vehicles that run on other energy sources aside from fuel and China is looking to rely on electric energy. By 2020, they plan for new model electric cars to be among the global top 10 most-sold NEVs. By 2025, they aim for two local brands to be in the top 10 best-selling NEVs manufacturers.
- Intelligence Vehicles. Aside from the vehicles itself, smart car parts such as computers are also within China’s interest. These computers are mechanisms of smart cities for traffic safety control as they can connect to the central system. By 2025, China plans for one manufacturer to become a leader in the global intelligence vehicle industry.
This wraps up the heavy industries in Made in China 2025. The development of these industries will influence the overall economy and bring new innovations that will advance as a wholesome ecosystem. Don’t miss the upcoming blog as we share the final story about deep technology. Follow us at the Digital Ventures blog.
Thank you for the information from uschina.org.