In the wake of spurting anti-China measures by America and the West in the last few weeks, Politburo of the Chinese Communist Party (CCP) set in motion offset business strategy that was unanimously applauded and adapted in the plenary session of the National People-Congress recently. Here are five major goals set:
1. Stepping-up of home grown technology, which was originally implemented in Huawei that made it the number one in 5G telecommunication. An investment programme is sketched with 10% resources earmarked for 2021 and 7% thereafter for successive four years ending on 2025. The central focus is to bring Chinese owned and Chinese led technology to surpass the techno manufacturing of USA and EU Combine
2. Gradually reduce low-tech exports and incrementally increase high-tech portion of manufacturing for export such that demand and supply is matched and no excess or shortage of Chinese goods experienced in the global market. This offset business strategy has two phases: one consolidation phase that seeks to preserve and promote present capacity utilization in the production line. Second phase is to move upscale and implement solutions to produce high tech items
3. Self-reliance is the third goal that seeks to prioritize the key core technology items in quantum sciences including computers, Artificial intelligence, Bio technology and the production of semiconductors of 3 Nanometre chips. Once again a two-step approach is planned: firstly using most of the effort to bring out hybrid techy items with both civilian and military applications. Secondly disruptive technology would be give its pride of place
4. Next in agenda is self-sufficiency in techno inputs. Research & development grants are to be given to vital tech companies in order to make technological breakthrough with two main goals. One is to reduce dependence of techno inputs from USA, EU and Taiwan. Followed by this the second goal is to make Chinese companies compete with international rivals in their respective fields of high-tech
5. Last goal in the offset business strategy is the real dragon. Shifting emphasis of tech-manufacturing more towards domestic market and curtail foreign trade. A huge population base of 1.5 Billion people and ticking, this shift as it materializes would be the next apple cart that could demolish industrial production in America and the West by the forecast period of 2025!
Cheers!
Muthu Ashraff Rajulu
Business Strategist
Mobile: + 94 777 265677
E-mail: cosmicgems@gmail.com
Blog: Business Strategist
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