Miao Wei, minister of industry and information technology, China’s top industrial policy maker, said at a press conference on Sunday that the government would not purposely boost domestic companies' market share and the industrial policy of “Made in China 2025” would allow foreign companies equal position with local players.
“Made in China 2025”, an initiative aiming to comprehensively upgrade Chinese industry, has been implemented for nearly two years, while European Union Chamber of Commerce released a report recently, accusing that some of the industrial policies go against China’s market-oriented reform.
“Made in China 2025” has set a series of development targets, among which, the one concerning domestic companies' market share has roused concerns among foreign market players. Miao Wei confirmed the market share part is from a consultancy file instead of “Made in China 2025” policies, noting it is not a target but unofficial prediction not related to government.
Miao Wei explained government guidance involved in the initiative is internationally accepted practice, citing Germany’s “Industry 4.0” plan, which was first discussed in 2011 and later adopted in 2013.
At present, developed countries still strictly limit exports of certain high-end technologies and products to China. “China is still a developing country with huge demand of advanced technology and products. The primary goal of “Made in China 2025” is to upgrade Chinese industries to meet domestic needs,” said Miao.