China Unveils Made in China 2025 Plan
Published By : 30 Mar 2015 | Published By : QYRESEARCH
The term “Industry 4.0” was first coined by the Germans in 2011 at the Hanover Fair. Today this term has become very popular in China. One of the most prominent members of the National Economic Committee of the Chinese People’s Political Consultative Conference, announced at public exhibition last week that the Ministry of Industry and Information Technology in China, is gearing to release Made in China 2025, which will be a programmatic document.
A local media, in the mean time, pointed out the alleged relevance between Industry 4.0 and Made in China 2025. As reported by the National Business Daily previous year, Made in China 2025 draws inspiration from a part of the German Industry 4.0 project.
The dominance of the term Industry 4.0 triggered several fluctuations in the stock market when it was first coined. The question haunting the economic stratum of the world is that whether China manufacturing companies can successfully pull of the proceedings in lines of Germany Industry 4.0? As per a very popular interview conducted by McKinsey, which featured a discussion between renowned executives at Robert Bosch, the basic principle of Industry 4.0 highlights the creation of intelligent network systems, by connecting work pieces, machines, and other relevant systems. The intelligent network should be created along a value chain that showcases the ability to control each other at the same time.
According to experts, the design principle followed by Industry 4.0 resembles a few of the top down strategies adopted by the manufacturing sector of China. However, the premise on which the strategies are proposed are definitely not the same. The German Industry 4.0 focuses mainly on the strengths of the German Industry, which are automation engineering that boasts very high production efficiency. While the manufacturing industry in China, still has a long road to travel.