Description

China has been the fastest growing economy, expanding at 10.5 percent annually, driven by exports and investment. High priority is given to economic restructuring, from an export driven to consumption driven economy during the 12th five year plan period. The manufacturing industry is a driver of economic growth supported by government initiatives and increased investment. The recent development plans of the Government aim at transforming the manufacturing industry from “Made in China” to “Created in China” and expected to focus on the development of high-end technology intensive manufacturing. Opportunities exist in chemicals, automotives, information and communication technologies (ICT), pharmaceuticals and high-end manufacturing.