The “Made in China 2025" initiative, while having clear set of goals, has many manufacturing executives wary about the multiple challenges they must face in a short amount of time. In this op-ed article, Mariusz Trzaskowski, a Manager at Solidiance, addresses the challenges, overall impacts, as well as the necessary steps Foreign Invested Enterprises (FIE) can take to overcome obstacles of China's ambitious plan to transform the manufacturing landscape into a high value-added sector. According to Mariusz, FIEs playing in the 10 sectors targeted by MIC2025 will face a tough environment in the long-term, whereas opportunities in the mid-term are likely to come from the growing domestic market. One way to help China's manufacturing remain competitive is by embracing smart manufacturing, also known as Industry 4.0 or Industrial Internet of Things (IIoT), that will not only address availability and the cost of labor but also create high value-added jobs.
Source: https://www.amcham-shanghai.orgDownload the article (PDF)