China wants to dominate medtech: Here’s how

Under it’s “Made in China 2025” plan, the Chinese government seeks explosive growth in biomedical and high-end medical device manufacturing.

Grace Fu Palma, China Med Device

In 2015, the China State Council issued a 10-year manufacturing plan called “Made in China 2025.” The goal is to elevate the “giant but weak” Chinese manufacturing industry into one of the most powerful manufacturing countries in the world in next 10 years.

The plan includes:

3 steps

1. The first 10-year plan (2015–2025) is to become a powerful manufacturing country.
2. The second 10-year plan (2025–2035) is for China manufacturing industry to reach the middle level of the world’s advanced countries.
3. The third 10-year plan (2035–2045) is to be the leading powerful manufacturing country in the world.

5 major projects

1. National manufacturing innovation center construction;
2. An industrially strong foundation;
3. Green manufacturing;
4. High-end equipment manufacturing innovation;
5. Intelligent manufacturing.

Get the full story on our sister site Medical Design & Outsourcing.

The post China wants to dominate medtech: Here’s how appeared first on MassDevice.

from MassDevice http://ift.tt/2gpMAvp