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China Says Manufacturing 'Greatness' Still 30 Years Away
China Says Manufacturing 'Greatness' Still 30 Years Away
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QILAI SHEN
Many observers already see China as the "world's factory" given that more
than a third of global output from cars to phones comes from there.
But China's leaders are concerned about its heavy dependence on the US for
high-tech products like semiconductors.
"Core technologies are in the hands of others" and China runs the risk of
"being hit in the throat" warned Mr Miao, who was Minister of Industry and
Information Technology for a decade.
"The ratio of manufacturing output to GDP has been declining too early and
too quickly" Mr Miao said in a speech to CPPCC delegates at the Great Hall of
the People in Beijing.
Tech battle
China also laid out its dra economic plan for the next five years. It wants to
speed up the development of advanced technologies from chips to artificial
intelligence.
Establishing its own world-class domestic chip makers has become a top
priority for Chinese leaders.
Its five-year plan targets seven strategic areas considered essential to national
security and includes AI, quantum computing, neuroscience and aerospace.
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