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Italian firms in Suzhou look forward to Made in China 2025

Italian firms in Suzhou look forward to Made in China 2025

Beijing - Italian firms based in Suzhou plan to be involved in the 'Made in China 2025' manufacturing industry development plan, which offers many opportunities,and in June will launch a business forum with local enterprises. The Chinese government launched the plan in 2015 during the 10th edition of the Suzhou Appreciation Meeting, the yearly event organised in the eastern China city by the Italian Chamber of Commerce in China with a view to strengthening the dialogue with the authorities of a city that plays host to the highest number of Italian companies outside of Italy: 150 firms accounting for a turnover of approximately 477 million euros.

Developing the manufacturing sector is one of the pillars of China's new economic course, that is currently characterised by both a decreasing growth and a greater attention to the quality of it. Widespread entrepreneurship and the creation of technological and innovative start-ups are the two prime movers of China's future growth that the government seeks to achieve in order to turn the country into an increasingly advanced industrial giant. The Chinese project will have an impact on Italian companies working in China, that consider it as an emerging benchmark market. Guido Giacconi, managing partner of In3Act, a group of strategic business consulting company specialised in complex marketplaces, 'Made in China 2025' will offer' huge' potentials for Italian companies, yet "it is indispensable to understand what it is all about, rather than waiting until it is too late".

The manager told AGI that "Made in China 2025" is a programme that will revolutionise the global industrial relations in the next thirty years. It will not be confined to China. It will energise the entire Western system in the next 10 to 20 years, with unexpected competitors." Air and Space, aviation, maritime technology, railway technologies, the Internet of Things, everything that involves digital technology, bio-pharma and electromedical equipment, future generation vehicles fueled by new energy sources, assisted-driving and unmanned vehicles, are some of the sectors China wishes to target to bring its industry to 2025 and beyond, up to 2049, when the celebrations of the centennial of the foundation of the Peoples' Republic will take place - a key-date when the current leadership will have to strike a balance of the progress of the Chinese Socialism.