日批在线视频_内射毛片内射国产夫妻_亚洲三级小视频_在线观看亚洲大片短视频_女性向h片资源在线观看_亚洲最大网

US EUROPE AFRICA ASIA 中文
Business / Policy Watch

China beefs up support for lackluster manufacturing sector

(Xinhua) Updated: 2016-05-24 10:30

China beefs up support for lackluster manufacturing sector

Workers on a motor vehicle production line at a factory in Qinzhou, Guangxi Zhuang autonomous region. [Photo provided to China Daily]

BEIJING - The manufacturing sector in China will receive more support as policymakers try to stabilize and restructure the economy.

Last week, three more plans were released to help the embattled sector, including encouraging technological innovation, such as intelligent machines, and funding for 10 major manufacturing projects, which will enhance competitiveness.

The country aims to achieve over seven-percent annual growth in the manufacturing sector during the 2016-2018 period, and hopes to attract 15 percent more corporate investment, which will support upgrades, during the period, according to the plans.

It also announced supportive policies for certain manufacturing industries, including ship-building, advanced equipment and general aviation.

Wu Qi, a researcher with China Minsheng Bank, said the support had been designed to shore up the traditional manufacturing sector while fostering new industries, providing better goods and services through supply-side structural reform.

These policies came after data showed that growth in China's industrial output had slowed to six percent in April, while exports and imports fell more than expected, underlining weak demand both at home and abroad.

More plans -- which will focus on software and information technology, big data, new materials, and energy-efficient and environmental-friendly industries -- are expected within the year, Xinhua-run newspaper Economic Information Daily reported Monday.

Improving the manufacturing sector is a pressing task for China, as its status as "the world's factory" has been undermined by developing nations, and it is looking to identify new engines of growth amid a slowing economy.

Moreover, rising labor costs, shrinking export demands and tighter resource and environmental constraints are weighing heavily on the manufacturing sector. It is facing pressure on two fronts: competition from mushrooming manufacturers in lower-cost developing countries and a renewed push by developed nations seeking an advantage in industrial manufacturing.

According to statistics from Oxford Economics, China's manufacturing labor cost was less than half of the United States in 2003, is now only slightly lower than the?US level. However, China's manufacturing productivity, measured by output per employee, is less than one sixth of the?US level.

To catch up, China last year announced the "Made in China 2025" campaign, a 10-year plan to upgrade its manufacturing capacity.

Lu Bingheng with the Chinese Academy of Sciences said compared with the United States and European nations, China still has a competitive edge because of the country's comprehensive industrial system, a huge market and a massive labor pool.

Upgrading of the manufacturing sector through industrial modernization will revitalize the sector and help sustain growth in the economy, Lu said.

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 亚洲视频免费播放 | 五月婷婷中文 | 自拍偷拍1| 成人国产免费视频 | 亚洲国产精品成人综合色在线婷婷 | 2025国产精品自拍 | 久久精品视频3 | 国产黄色片子 | 日本黄色a级片 | 成年人观看视频 | 欧美一a一片一级一片 | 四虎国产成人精品免费一女五男 | 欧美啪啪网站 | 亚洲精品www久久久久久 | 久久精品99国产精 | 成人一级网站 | 美女网站视频色 | 午夜激情久久 | 日韩中文字幕在线免费观看 | 日韩欧美网站 | 亚洲美女免费视频 | 精品国产乱码一区二区三 | 在线观看欧美一区 | 正在播放一区二区 | 亚洲色图另类小说 | 这里有精品视频 | 伊人五月婷婷 | 一区二区黄色片 | 日韩一区二区三区免费观看 | 成人一区二区三区视频 | 国产成人福利 | 黑人巨大精品欧美一区二区 | 久久伊人精品 | 四虎精品在永久在线观看 | 华人永久免费 | 日韩小视频 | 国产欧美91 | 中国美女黄色一级片 | xxxxx在线| 色欧美视频 | 国产亚洲精品久久久久久 |