Insight - The Made in China plan is back, and it’s better

New blueprint: A technician installing an artificial hand onto an industrial robot. China will now focus on building and owning industrial robots, as well as upgrading equipment and processes used in the manufacturing sector. — Bloomberg

AS the world headed into 2022 grappling with the latest virus variant, China unveiled a sharpened version of the Made in China 2025 industrial policy blueprint. Previous iterations may have had nations like the United States on edge, but this is the one to keep an eye on.

State planners released a five-year smart manufacturing development plan in late December that aims to digitise 70% of the country’s large enterprises.