“Smart manufacturing” and “Industry 4.0” have become the basis for the innovative trend in China, in the post 2008 recession. Made in China is the song of today’s Chinese economy. This new mission doesn’t have any room for mere hard work. The basic aim of China is to become the leading industrial power by 2049. China is indebted to the secondary sector, which has driven the growth rate, drastically but consistently, during the past decades. The manufacturing sector, which has been a part of the ailing economy during these times, even for many leading nations, is the key area of China today. China is optimistic about its rise, on the basis of this area.
At a time, when it is being an uphill task for many countries, to experiment with the manufacturing sector, where conditions are still unfavourable, how is it possible for China, to go ahead to bite the bullet ? Moreover, the fact, that, it was the manufacturing sector that gave a staunch blow to China, cannot be ignored. China invested enormous amounts of money in the production of goods, during the preceding years of the recess. The unexpected downturn hit the manufacturing sector, below the belt.
With the low-hovering clouds of retarded economic liquidity, coupled with the conservative trends and the rigid policies of many leading nations, it is not an indication of the easing economy. But, in the case of China, things are taking a different direction.
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