Get "SET" and "GO" - China betting big on these 10 industries Undergraduate - More About Science, Engineering & Technology in China

Global consultancy McKinsey projects Chinese companies to become frontrunners in some, if not all, of the key industries listed in the "Made in China 2025" initiative.

The national plan, announced in May, is designed to transform China from a manufacturing giant into a world manufacturing power in 10 years, according to an earlier notice by State Council, the country's cabinet.

The cabinet also unveiled a list of 10 key sectors that have most growth potentials.

"We can be sure that many Chinese companies, private and State-owned, are revising their strategies to align with the government's priorities and that local capacity will rise exponentially," wrote Gordon Orr, chairman and director of McKinsey Asia, in his blog at the company's website.

Customers may be the biggest beneficiaries in the decade ahead as the government's strategy drives companies down the experience curve much faster than would otherwise have been the case, said Orr.

"While experience reminds us that success will be elusive in some sectors, in several it is likely that Chinese companies will become much, much stronger global leaders by the end of this period," said the Shanghai-based director.

Here are the 10 key industries where China will be promoting breakthroughs.

1. Information Technology

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An exhibition stand displays cloud-computing technology of Aliyun, a subsidiary of Alibaba Group. [File photo]

2. Numerical Control Tools and Robotics

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Visitors watch a robot dancing at the 2015 International Consumer Electronics Show (CES) Asia in east China's Shanghai Municipality, May 27, 2015. [File photo]

3. Aerospace Equipment

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An Airbus A320 passenger jet of China Eastern Airlines. [File photo]

4. Ocean Engineering Equipment and High-tech Ships

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An ocean scientific research vessel owned by the Institute of Oceanology of the Chinese Academy of Sciences. [China.org.cn]

5. Railway Equipment

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The 8th China International Rail Transit Technology Exhibition. [Xinhua]

6. Energy Saving and New-energy Vehicles

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A BYD Shang plug-in hybrid MPV on display. [File photo]

7. Power Equipment

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Workers examine the photovoltaic panels on the roof of factories in Tianma Heavy Equipment Co., Ltd in Deqing County, east China's Zhejiang Province. [Xinhua]

8. New Materials

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A new materials exhibition. [File photo]

9. Medicine and Medical Devices

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Visitors try out dental treatment devices at a mecial devices exhibition. [File photo]

10. Agricultural Machinery

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Visitors look at agricultural machinery at an exhibition. [Xinhua]

Source - china.org.cn

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