China to facilitate modernization of industrial, supply chains
—Understanding China’s 14th Five-Year Plan (2)
2020-11-13 11:51

China will advance the optimization and upgrading of its entire industrial chain by making sector-specific strategic plans for supply chains in a targeted approach, according to the 14th Five-Year Plan (2021-2025) for National Economic and Social Development and the Long-Range Objectives Through the Year 2035.

Building on its industrial advantages, China will foster emerging industrial chains, push the high-end, smart and green development of traditional industries, and boost service-oriented manufacturing, said the document.

To strengthen weak links in the industrial and supply chains, more efforts will be made to achieve breakthroughs in developing important products as well as key and core technologies, while diversification of industrial and supply chains will be further enhanced.

The country will enhance international industrial cooperation and build industrial and supply chains that are more innovative, secure, reliable and higher value-added.

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