China is at least 30 years away from becoming a manufacturing nation of “great power,” a government advisor said.
Many already see China as the “world’s factory” as over a third of global output from cars to phones comes from there. But China’s leaders are concerned about its heavy dependence on the US for high-tech products like semiconductors.
Miao Wei, former Minister of Industry and Information Technology for a decade, warned, “Basic capabilities are still weak. Core technologies are in the hands of others” so China runs the risk of “being hit in the throat.”
He is now a member of the Chinese People’s Political Consultative Conference, the top advisory body to the government.
Although China still produces a significant amount of consumer and industrial products, its manufacturing output as a share of its economy has declined.
Last year, manufacturing accounted for slightly over a quarter of GDP, the lowest level since 2012.