China’s advanced manufacturing upgrade backed to gather pace, driven by top priority status in five-year plan

Mar 31, 2021 | INVESTING

China’s advanced manufacturing “can continue to outperform” traditional manufacturing, driven by heavy policy support from Beijing, after the sector led a key monthly indicator of economic activities in March. Beijing introduced a comprehensive plan during the National People’s Congress (NPC) earlier this month to upgrade its manufacturing capabilities by 2025 via eight priority areas.China’s overall official manufacturing purchasing managers’ index (PMI) – a survey of sentiment among factory…

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