China Urges Tech Upgrades for Older Industries, Calling Manufacturing the Economy’s Backbone
Updated
Updated · Bloomberg · May 16
China Urges Tech Upgrades for Older Industries, Calling Manufacturing the Economy’s Backbone
1 articles · Updated · Bloomberg · May 16
Li Lecheng said China should modernize older industries with technology rather than scrap them, arguing traditional sectors should not automatically be labeled “low-end.”
In an article due in Communist Party journal Qiushi on Monday, the industry minister said manufacturing remains the backbone of the economy, framing upgrades as a strategic priority.
The stance signals Beijing wants to preserve legacy industrial capacity while pushing modernization, instead of phasing out older sectors outright.
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