Promoting the China Manufacturing 2025 Strategic Cooperation Agreement

Recently, the Ministry of Industry and Information Technology and China CITIC Group Co., Ltd. signed the "Strategic 2025 Strategic Cooperation Agreement for China Manufacturing" in Beijing. It will focus on the key content of "Made in China 2025" and the core business areas of CITIC Group, and actively promote innovation in the combination of production and finance. In areas such as comprehensive financial services, advanced manufacturing innovation and development, superior capacity international cooperation, and personnel training exchanges, cooperation will be implemented to promote the implementation of major projects related to manufacturing strong countries. According to expert analysis, this cooperation has an important pilot demonstration role in the innovative combination of production and finance.

"Made in China 2025" was released in May 2015 and it is the action plan for the first decade of our country's strategy to build a strong country. The implementation of "Made in China 2025" and the construction of a powerful manufacturing country are major deployments made by the Party Central Committee and the State Council at a strategic height that enhances comprehensive national strength, enhances international competitiveness, and ensures national security.

The Ministry of Industry and Information Technology is the industry's competent department in the manufacturing industry in China, and is the deputy leader unit member of the Leading Group for Manufacturing Powerful Country Construction. China CITIC Group Co., Ltd. crosses the financial and manufacturing industries and has the advantages of a full-license, integrated financial platform such as banking, securities, trusts, and industrial funds. China CITIC Group Co., Ltd. will give full play to the advantages of a comprehensive financial platform and provide related companies with financial services such as project loans, syndicated loans, and mergers and acquisitions loans, and offer preferential pricing for services in accordance with the specific projects of the "Made in China 2025" requirement. According to the “List of Recent Key Cooperation Tasks” annexed to the agreement, China CITIC Group Co., Ltd. will provide financial support for a total of RMB 40 billion in special credit grants and financing leases for the building of manufacturing powers, and actively participate in the “building of manufacturing innovation centers” and “ The implementation of five major projects such as industrial strength base, "smart manufacturing", "green manufacturing" and "high-end equipment innovation". The Ministry of Industry and Information Technology actively supports China CITIC Group Co., Ltd. in participating in the construction of a powerful country.

"Made in China 2025" involves a wide range of areas and needs extensive mobilization of all forces in society to form a joint force. The cooperation between the Ministry of Industry and Information Technology and China CITIC Group Co., Ltd. on the implementation of the “Made in China 2025” implementation is a concrete manifestation of the participation of social resources in the construction of a manufacturing power. It is the implementation of the “Financial Support for Industrial Growth, Structural Adjustment, and Increased Efficiency. Opinions' specific measures.

Source: People's Post and Telegram