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China Sets Aggressive Goals for High Tech Manufacturing Sector

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An article published in The Wall Street Journal notes that China’s Ministry of Industry and Information Technology this week set an aggressive goal for forging global industry giants in the consumer electronics sector in the next two years.  It is described as an effort to have 5 to 8 Chinese high tech electronics companies to have revenues of a least 100 yuan ($16 billion) by 2015. This target for the high tech electronics sector is part of a wider effort to consolidate many of China’s fragmented major industries that together suffer from overcapacity. According to an the WSJ article: “The blueprint for the electronics sector indicates Beijing’s desire to foster higher yielding, branded companies and move away from an economy centered around low-cost electronics manufacturing.” Further, as outlined in Prediction #7 of our Supply Chain Matters 2013 Predictions for Global Supply Chains, the effort encourages Chinese high tech companies to […]