EURObiz - March/ April 2016

The Chinese Government understands that in order to ensure continued economic growth and raise living standards its economy must ascend the value chain, so it came as no surprise when the State Council announced the Made in China 2025 (MiC2025) initiative during the first half of 2015. As part of a larger, three-step plan that will run until 2049, the initiative aims to expand the manufacturing sector’s capacity to innovate, fully integrate IT into industrial processes, build quality brands and strengthen links with the international advanced manufacturing industry. This issue of EURObiz explores the initiative in detail and identifies potential opportunities for EU companies operating in China.