China will lead the world in smart manufacturing by 2030

(CLO) The "Made in China 2025" industrial strategy is helping China move closer to global leadership in smart manufacturing, although some technological challenges remain, according to a new report from Renmin University of China.

Launched a decade ago, the program aims to put China at the forefront of high-tech industries such as aerospace, electric cars, robotics and telecommunications.

Although Beijing has refrained from mentioning the policy publicly to avoid backlash from the West, especially the United States, China has made significant progress, according to Wang Wen, director of the Chongyang Institute for Financial Research.

China is expected to lead the world in smart manufacturing by 2030, according to a report by Renmin University of China. Photo: Xinhua

Last year, an analysis found that 86% of the goals in the “Made in China 2025” plan had been met. In a February congressional hearing, experts warned that the US could “lose the next industrial revolution” if it did not take countermeasures. In response, the Trump administration is pushing a policy of bringing manufacturing back to the US through tariffs.

Despite pressure from the US, China is still sticking to its industrial ambitions. According to Mr. Wang, if China continues to develop independent technology and improve its manufacturing capacity, it can become a global smart manufacturing center in the next 5 to 10 years.

A report from Grand View Research predicts China will lead this market with an annual growth rate of 18.2%, reaching $158.2 billion by 2030, while the US is expected to reach $152.1 billion with a growth rate of 13.6% per year.

China’s next task is to integrate new technologies such as artificial intelligence into manufacturing. The Chongyang Report suggests that this effort could raise the share of the digital economy to more than 50% of GDP from 42.8% in 2023. The Chinese government’s work report for 2025 also emphasizes the priority given to next-generation technologies such as 6G networks and integrated AI.

However, China still needs to step up investment in basic scientific research to overcome key bottlenecks in the production of chips, precision equipment and technology software.

The US wants to reshape its supply chain, but it is unlikely to replace China in the short term, said Cai Tongjuan, an expert at the Chongyang Institute. Although Southeast Asia and India are emerging as new manufacturing hubs, their industrial ecosystems are not as mature as China’s.

At the current pace, China is not only maintaining its position as a global manufacturing hub but also moving towards a leading role in smart and high-end manufacturing.

Ngoc Anh (according to SCMP, Xinhua News Agency)

Source: https://www.congluan.vn/du-bao-trung-quoc-se-dan-dau-the-gioi-ve-san-xuat-thong-minh-vao-nam-2030-post338319.html