"Implementation of the strategy has introduced strength to the real economy, especially the equipment manufacturing. However, we should also keep aware of our weak links as much of the industry is at the medium and lower end of global supply," Li said.
"Made in China 2025" was first unveiled in the Government Work Report in March 2017. Two months later, the State Council released a guideline, which focused on five key projects, including smart manufacturing, and 10 key fields such as new materials.
Key technologies will be on top of agenda, including independent research and development. Innovative development in fields such as new materials and robots will be accelerated.
As of Wednesday, the Ministry of Industry and Information Technology has approved pilot regions for the strategy, namely 12 cities such as Ningbo in Zhejiang province and three city clusters in provinces such as Jiangsu. Some of them will be designated as the country's demonstration areas, which will get favorable policies in investment, financing and other fields.
The premier urged to establish demonstration areas, where small and medium-sized enterprises can develop with large companies for collaborated growth and greater global competitiveness.
The meeting also decided to cultivate a new model of incorporating the manufacturing sector with the Internet Plus Initiative. The country will strengthen cooperation with other countries to achieve mutually beneficial outcomes.
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