none

CHINA RANKS 4TH IN WORLD IN MANUFACTURING ABILITY

19-05-2016
by 
in 

China ranks fourth in the world in terms of manufacturing ability, according to a new industry report.

The Chinese Academy of Engineering (CAE) names the top three manufacturing powerhouses as the United States, Germany and Japan.

The report, titled 2015 China Manufacturing Development Index, said China has been bridging the gap between it and the front runners since 2000.

"Manufacturing forms solid ground for a strong nation and it is crucial to upgrading China's economy," said CAE President Zhou Ji.

A year ago, China's State Council unveiled a 10-year plan entitled "Made in China 2025" aimed at modernizing China's manufacturing. It set a target of China matching Japan and Germany's manufacturing standards within 10 years.

There are still huge obstacles for China to overcome in order to meet such goals, including excess capacity and inferior production quality, the report said.

It also pointed out that China needs to change a status quo where many key industrial techniques are still monopolized and controlled by the West.

Chinese manufacturing now accounts for about 20 percent of the world's total.

Related news & editorials

  1. 15.11.2018
    15.11.2018
    by      In
    It’s less than a year since Lapp Australia started trading, but the company has swiftly established itself in the local market, with significant penetration in sectors such as food and beverage, manufacturing, solar, sound and stage production, electrical contracting, machine building and... Read More
  2. 12.11.2018
    12.11.2018
    by      In
    Energy Vault has developed a novel solution to storage for renewable energy plants that involves neither batteries nor water.
    The Energy Vault system is based on the fundamental physics of potential and kinetic energy, and uses a proprietary, cloud-based software platform to operate a newly... Read More
  3. 07.11.2018
    07.11.2018
    by      In
    With a combination of its industry-leading fans and energy-efficient lighting products, Big Ass is improving working conditions in Australia and around the globe.
    Blazing Queensland temperatures and humidity were creating uncomfortable working conditions at XL Service Bodies, an industry-leading... Read More
  4. 07.11.2018
    07.11.2018
    by      In
    ABB has thrown its weight behind the OPC Foundation in its bid to define the worldwide industrial interoperability standard. The new Open Platform Communication Unified Architecture (OPC UA) standard has the potential to enable industrial players to unlock the full potential of Industry 4.0.
    OPC UA... Read More