China is moving at full throttles to develop its own tech innovation capabilities seeking to compete well with the US, Japan and advanced Europe countries and become a "super" strong manufacturer by 2035 after advancing to a strong one by 2025.
Based on the "Made in China 2025" project, the country aims to build its sown industrial software technology standards and ecosystems by 2020, when its share of the markets for lower-end tech products is estimated to reach 30% along with a 40% penetration rate for in-house developed cloud and terminal industry big data platforms in major industries.
China is expected to achieve breakthroughs for some core technologies by 2025, when its in-house developed software products is estimated to command a market share of over 50%, compared to a penetration rate of over 60% for Internet+ and smart industry cloud systems in major industries.
At the moment, China still lags far behind advanced countries in independent tech innovation capabilities, relying heavily on imports or foreign-invested firms in the country to supply crucial equipment, core components and infrastructure software.
For instance, China has to count on overseas sources for the supply of automation design, precision equipment, industrial-control chips, precision electrical engineering, high-end spindles and diverse high-caliber materials, as well as related software programs for IIoT or industrial robots.