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CBBC and UKTI announces new report to analyse how 'Made in China 2025' policy changing China’s business environment

(People's Daily Online)    11:07, May 20, 2016

LONDON May 19 (People's Daily Online)—— China’s State Council announced ‘Made in China 2025’ in May 2015 as a national initiative to improve the manufacturing industry – initially until 2025 and then on to 2035 and 2049. The ultimate goal is to transform China into a leading manufacturing power. CBBC and UKTI announces a major new report to analyse how this overarching policy is changing China’s business environment and creating more opportunities for UK exports.

China is striving to move up the value chain, to avoid being pinched at one end by lower-cost countries and at the other end by higher-quality manufacturers around the world. This will require a major overhaul of its enormous but plateauing manufacturing base, and presents enormous opportunities for UK expertise in the export of high tech equipment, technical and management consultancy services, joint R&D, design, education and skills training, and financial and professional services.

The report delivered by China-Britain Business Council (CBBC) and UK Trade and Investment (UKTI) will delve into what this initiative really is, and how UK companies can benefit.

CBBC Chief Executive Stephen Phillips said, ‘Recognising the world-leading strengths of the UK, this report sets out to help companies and institutions understand both the opportunities and, indeed, challenges that this initiative will present.’

Dr Mark Wareing, Director Advanced Manufacturing & Transport for UKTI based in British Embassy in Beijing said, ‘Made in China 2025 is a truly exciting strategy and it is fantastic to see how closely the skills, experience and capability of the UK’s industrial base align with China’s ambitions. In all of the 10 priority sectors China has identified, the UK is a global leader with the expertise to help China reach its goals.’ (Bai Tianxing)

(For the latest China news, Please follow People's Daily on Twitter and Facebook)(Editor:Bianji,Wu Chengliang)

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