China moves to improve manufacturing competence

The National Development and Reform Commission (NDRC), China's top economic planner, released an action plan Tuesday to improve core competence of six manufacturing sectors from 2015 to 2017.

The NDRC has several projects planned for railway transportation equipment, high-end ship making and oceaneering equipment, industrial robots, new energy vehicles, modern farm machinery and advanced medical devices and medicine.

The NDRC counts on the projects to facilitate breakthroughs in key technologies and application, nurture leading manufacturers with global influence and create brands recognized around the world.

To realize the goals, the agency vowed to introduce private investment, increase budget and financial supports and encourage acquisitions of foreign high-tech manufacturers.