Made in China 2025: How German Companies Can Benefit
24 August 2016 – The Chinese mainland’s “Made in China 2025” strategy focuses on the automation and digitisation of industry and offers German companies and investors many opportunities for cooperation.
The Central People’s Government in Beijing launched the “Made in China 2025” initiative last year in order to boost economic growth, largely through the adoption of new technology. The goal of the initiative is to upgrade the mainland’s manufacturing industry over the next decade. Similar to Germany’s “Industry 4.0” plan, the Chinese government is hoping that the country will become more innovative by placing increasing emphasis on the qualitative aspects of production in addition to its current competitive quantitative advantages.
The initiative will promote the automation of manufacturing processes and introduce new technologies such as big data, sensors and cloud services. The mainland also plans to attach particular importance to sustainable production. The significance of the initiative was emphasised earlier this year in China’s 13th Five Year Plan, which serves as a blueprint for the nation’s economic and social development up to 2020. The government’s guidelines aim to transform business through structural reforms and upgrade industrial production by delivering significant technological progress, improving environmental protection, and raising living standards.
New business opportunities for German firms
The “Made in China 2025” strategy is expected to generate an unprecedented level of influential Chinese innovations, providing German companies with a wide range of business partnership and investment opportunities. One aim of the Chinese initiative is to improve the mainland’s technological know-how and process optimisation in various industries, in part by strengthening ties with overseas tech companies. The mainland will also continue to promote the introduction of industry standards. “The Chinese mainland’s demand for Industry 4.0 technologies and quality standards offers German companies interesting sales opportunities and the chance to achieve long-term market penetration, as they possess wide-ranging expertise related to future industrial production. When establishing a partnership, clear conditions need to be stipulated to ensure that both parties benefit from the income generated by shared value,” said Jenny Koo, Director of Service Promotion at the Hong Kong Trade Development Council (HKTDC), which, for the past 50 years, has been promoting Hong Kong as a platform for international companies to tap the mainland Chinese and Asian markets by partnering with Hong Kong firms.
China also offers German companies an excellent environment for hi-tech serial production, such as the manufacturing of products developed in Germany. “I am confident that over the next few years, both Germany and China will be able to co-exist on a level playing field as successful industrial powerhouses, and that both countries will benefit,” said Ms Koo. “Due to its favourable location and free port status, Hong Kong is a particularly good entry point for German firms that want to develop or expand their business in China or Asia.” Under the principle of “one country, two systems” for Hong Kong’s return to China in 1997, the city continues to be rated as the world’s freest economy and is also ranked top in the Swiss-based IMD World Competitiveness Yearbook 2016.
Next month, the HKTDC will stage its flagship overseas promotion called “Think Asia, Think Hong Kong” (TATHK) in Germany for the first time. Comprising a series of high-level events across four German cities, TATHK will give German companies the chance to connect with potential business partners and learn more about how to succeed in the Chinese and Asian markets. On 28 September, senior executives and young entrepreneurs in Frankfurt and Düsseldorf (and in Hamburg and Munich on 29 September) will be able to learn more about what Hong Kong has to offer for foreign companies and the opportunities for dynamic cooperation. Topical seminars will address the most important challenges facing companies that are looking to expand overseas, covering areas such as finance, technological development, logistics, and the know-how of tapping the market of China and Asia. Business delegations comprising investors, technology professionals and service providers from Hong Kong and the Chinese mainland will attend the events on 28 and 29 September where one-on-one business matching meetings will be arranged.
For more information on TATHK and to register for the upcoming events for free, visit http://www.thinkasiathinkhk.com/2016. Registration closes on 15 September 2016.
*Lucky Draw : All participants at the “Think Asia, Think Hong Kong” seminar in Düsseldorf who register for the event before 15 September 2016 will have a chance to win two Cathay Pacific Premium Economy round-trip tickets from Düsseldorf or Frankfurt to Hong Kong. The HKTDC will provide information about the lucky draw and the terms & conditions on request.
Pressekontakt
Christiane Koesling
Hong Kong Trade Development Council (HKTDC)
Kreuzerhohl 5-7
60439 Frankfurt, Germany
Tel: 069 - 9 57 72 - 161
Fax: 069 - 9 57 72 - 200
E-Mail: christiane.koesling@hktdc.org
Informationen im Internet: http://www.hktdc.com/
Geschäftskontakte: http://businessmatching.hktdc.com
Media Enquiries in Hong Kong:
Please contact the HKTDC's Communication and Public Affairs Department:
Joe Kainz Tel: (852) 2584 4216 Email: joe.kainz@hktdc.org
Youtube: http://www.youtube.com/user/HKTDC
LinkedIn: http://linkd.in/1uVLtDv
About the HKTDC
The Hong Kong Trade Development Council (HKTDC) celebrates its 50th anniversary this year. The HKTDC is the international marketing arm for Hong Kong-based traders, manufacturers and services providers. With more than 40 offices globally, including 13 on the Chinese mainland, the HKTDC promotes Hong Kong as a platform for doing business with China and throughout Asia. The HKTDC also organises international exhibitions, conferences and business missions to provide companies, particularly SMEs, with business opportunities on the mainland and in overseas markets, while providing information via trade publications, research reports and digital channels including the media room. For more information, please visit: www.hktdc.com/aboutus.