China Manufacturing Sector in a Healthy State |
NEWS |
The growth of the manufacturing sector in China continues with a steady pace. The country’s manufacturing purchasing managers’ index (PMI) for the month of January 2018 is 51.3%. Despite being down 0.3% from the previous quarter, PMI has never dipped below 50% since December 2016, a trend indicative of both strong global consumer demands for manufactured goods and opportunities for upgrade and transformation in the manufacturing industry.
Being aware of the country’s depleting demographic dividend and the continual rise of average wages, China released Made In China 2025, a masterplan for the country’s transition into smart manufacturing practices. Under the masterplan, artificial intelligence, smart hardware, additive manufacturing, robotics, and 5G are identified as the five key domains that will further propel the advancement of smart manufacturing.
Strategic Guidance from the Top |
IMPACT |
The country is the first to acknowledge its weak position in robotics t…
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