CBBC China ICT briefing

Overview:
IDC estimates that the Chinese ICT market will grow by 7% annually until 2025, when the market will exceed $6 trillion. The key factors driving this growth are increased consumption by China’s burgeoning middle class, policies to upgrade China’s industrial infrastructure, and an increasingly innovative tech ecosystem.

China currently has 721 million internet users and 46% mobile penetration. Improving mobile coverage in rural areas and continued urbanisation is driving technology adoption among lower-income groups.

Around a third of all internet users live in rural China (approximately 200m people).

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Made in China 2015

mic2025

Our friends at the China-Britain Business Council (CBBC) and UK Trade and Investment (UKTI) have produced a report, Made in China 2025, that offers an analysis of what the Made in China 2025 initiative is, and how UK companies can benefit.

China’s State Council announced Made in China 2025 in May 2015 as a national initiative to improve the manufacturing industry – initially up to 2025 and then on to 2035 and 2049. The goal is to transform China into a leading manufacturing power and the process has already begun – with 50 pilot projects started across China in 2015.

The report focuses on 10 priority sectors for China, highlighting areas of opportunity for UK companies. The sectors include:

  • advanced rail and equipment
  • aviation and aerospace equipment
  • agricultural machinery and technology
  • power equipment and technology
  • low and new-energy vehicles
  • new materials
  • high-end manufacturing control equipment and robotics
  • biopharmaceuticals and high-end medical equipment
  • advanced marine equipment and high-tech vessels
  • integrated circuits and new generation information technology

The report is available from the CBBC website, but you’ll have to register first. Download your report here

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