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World Economy Brief

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Title China’s Manufacturing Development and Its Implications for Korea
Author Hyuntai Lee, Jangho Choi, Hyelin Choi, Youngsun Kim, Yunmi Oh and Joonkoo Lee
Date 2018-07-06
File WEB 18-18.pdf 

Since 2015, the Chinese government has been strongly promoting its "Made in China 2025" initiative, which aims to accelerate the transformation of China from a "big manufacturing country" into a "world manufacturing power" by boosting manufacturing competitiveness through innovation and nurturing high-tech manufacturing industries. Chinas "Made in China 2025" strategy is both a threat and opportunity for Korea. This study aims to analyze the development status of Chinese manufacturing industries and the policy of "Made in China 2025," and to provide implications and countermeasures.