China, Germany Eye Three-Facet Cooperation to Link Development Strategies as Premier Kicks Off Visit
(Xinhua News Agency, May 29, 2017. Complete text:) Beijing - As Chinese Premier Li Keqiang kicks off an official visit to Germany from Wednesday [May 31], the two countries are set to enhance their digitalization and other cooperation, and promote policy support and company exchanges while linking development strategies.
Unveiled in May 2015, the "Made in China 2025" plan helps transform China from a manufacturing giant into an innovation-motivated manufacturer. While Industry 4.0, a concept coined by the German federal government in 2011, aims to facilitate automation and data exchange in manufacturing technologies, including cyber-physical systems, the Internet of things and cloud computing.
Highlight of digitalization.
According to IMF Managing Director Christine Lagarde, a digitalization-motivated revolution is gaining momentum and every country shall move up to take a share and gain an edge in this process.
When Li visited Germany in 2014, the two countries agreed on the importance of industrial digitalization for industry bilateral economic cooperation in the future.
The two sides also agreed to boost strategic cooperation in a more systematic manner in terms of auto cars, high-efficiency energy control, smart homes, and waste water, among others.
German Minister of Economic Affairs Brigitte Zypries argued earlier this month that the Group of 20 (G20) shall bring about inclusive digitalization and digital transformation, as digitalization will shape globalization and safeguard free trade.
Shi Shiwei, a professor from Free University of Berlin specialized in China-Germany economy and trade, told Xinhua that the two plans of "Made in China 2025" and Industry 4.0 are strategic choices made by the two nations in accordance with the trend of digitalization.
Although in different stages of development and having different priorities in developing digitalization, China and Germany are highly complementary in ...
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|Article Title||Joint Efforts With Germany in Trade, Bilateral Ties|
|Source||Current Digest of the Chinese Press, The, No.22, Vol.6, May 29, 2017, page(s):3-5|
|Place of Publication||Minneapolis, USA|