China is looking to move up the value chain away from its traditional reliance on mass production of low-end goods. Photo: AFP

China will need more than 35 years to upgrade to hi-tech manufacturing industry, study finds

  • Study by Renmin University of China in Beijing says it will take more than 35 years to reach the government’s goal that new industries account for 30 per cent of GDP
  • The United States has complained that the large subsidies China, including the controversial ‘Made in China 2025’ project, have hurt American companies
Topic |   China economy

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China is looking to move up the value chain away from its traditional reliance on mass production of low-end goods. Photo: AFP
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