China's Premier Calls For Support Of High-End Manufacturing

China’s manufacturing faces an important juncture in its development as it confronts complex and profound changes domestically and internationally, said China’s Premier Li Qiang. Speaking during a tour of advanced manufacturing, Li said the real economy, especially manufacturing, is the foundation of the economy. Beijing should focus on developing strategic emerging industries and accelerate the transformation of products produced in China into Chinese brands. He said support was needed for high-end manufacturing and the promotion of self-reliance in advanced technology. China should create a market orientated and international business environment based on the rule of law and promote the upgrading of traditional manufacturing, he said. (Source: Yicai)