South Korean media: A decade of hard work, "Made in China 2025" bears fruit in four major fields!

On May 13th, South Korean media "Etoday" published an article stating that China's manufacturing enhancement policy "Made in China 2025" is achieving noticeable results after ten years.

In May 2015, China announced "Made in China 2025". It selected 10 key areas and 23 projects such as next-generation information technology, electric vehicles, and industrial robots. Under the national long-term plan and government support, its technical strength and productivity have been continuously improved. This also serves as the foundation for implementing various policies such as industrial subsidies, with the goal of becoming a global manufacturing powerhouse by 2049, the 100th anniversary of the founding of the country. Currently, China's international competitiveness in four fields has reached a level that poses a threat to the United States.

The most notable achievement in "Made in China 2025" is in the field of electric vehicles. China has risen to become the world leader in the electric vehicle sector, surpassing traditional automotive powerhouses such as the United States, Europe, and Japan. According to British research firm Marklines, one out of every two electric vehicles globally is a Chinese brand. In the automobile industry, which is called the "king of manufacturing" due to its extensive supply chain base, China has become a game-changer through public-private cooperation.

The related supply chains are also becoming increasingly robust. According to data from South Korean research institute SNE Research, CATL of China occupies 37.9% of the global automotive battery market share. The top three Chinese enterprises, including BYD and China Aviation Lithium Battery, account for approximately 60% of the market share.

China's shipbuilding industry has also made significant progress. U.S. Secretary of State Marco Rubio admitted that China has become a "world leader." Ships are essential materials for maritime transportation, and shipbuilding is directly related to military strength, including the construction of warships, for both the United States and China.

A report by British research company Clarkson Research states that the total global shipbuilding order volume last year was 65.8 million CGT, with China's orders amounting to 47.5 million CGT, accounting for about 70% of the total. South Korea ranked second with orders totaling 11 million CGT, just one-fifth of China's. The United States was categorized as "others" and did not make it into the top rankings.

This trend appears likely to continue temporarily. Statistics show that as of the end of last year, the backlog of orders was 208.72 million tons. Considering that the annual completion volume was approximately 50 million tons, this means that orders have been placed exceeding four years of shipbuilding. Chinese shipbuilding enterprises are also taking advantage of this momentum to actively invest in increasing production.

China has also made significant progress in its space industry. It has become the first country after the United States and Russia to successfully launch manned spaceflight and is currently the only country with a manned space station, having achieved the first soft landing on the far side of the moon by humans.

China is also standing out in the semiconductor sector. According to statistics from the Semiconductor Industry Association, excluding advanced products, China accounts for 24% of the global capacity for mature process semiconductors. Mature process semiconductors are widely used in household appliances and automobiles, and China's vast production capacity makes it an indispensable part of the global supply chain.

Source: https://www.toutiao.com/article/1831996182591491/

Disclaimer: The article solely represents the author's personal views.