Beijing has released a blueprint for enhancements to its manufacturing sector, citing it as the “key to creating a new driver of economic growth” for China, The Wall Street Journal reported, citing a statement on the State Council’s website. The plan, officially titled “Made in China 2025,” comes amid a slump in demand that has hammered many of the country’s factories even as they face growing environmental and resource constraints as well as rising labor costs. The plan pledged to encourage innovation and raise efficiency in ten high-tech industrial sectors, though it stopped short of providing details on exactly how.
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