High tech manufacturing will be key for businesses that want to thrive in China, according to Jim Davis of OEM. As labour intensive industries move to other countries with cheaper labour, the core production base with R&D centres is likely to remain. "Made in China 2025", the government's plan to reinvigorate the manufacturing sector, combined with the technology revolution that is already under way in the country, will transform China from a manufacturing giant into a manufacturing superpower. Davis said, "China's focus should probably be on how to make its factories more efficient as well as producing durable and high-quality products", which he admits may involve embracing big data.
High tech manufacturing will be key for businesses that want to thrive in China, according to Jim Davis of the SAS Institute. As labour intensive industries move to other countries with cheaper labour, the core production base with R&D centres is likely to remain. "Made in China 2025", the government's plan to reinvigorate the manufacturing sector, combined with the technology revolution that is already under way in the country, will transform China from a manufacturing giant into a manufacturing superpower. Davis said, "China's focus should probably be on how to make its factories more efficient as well as producing durable and high-quality products", which he admits may involve embracing big data.