China's Xi calls for 'bigger, stronger' advanced manufacturing sector

BEIJING, Sept 17 (Reuters) - ‌President Xi ​Jinping ​has called for China to make its advanced manufacturing sector "bigger and stronger" and strengthen ‌control over key industrial supply chains, official ⁠news agency Xinhua said on Thursday.

Xi's remarks come amid growing ‌concern, particularly in Europe, ‌over rising Chinese exports of electric vehicles and other green-tech products, fuelling fears of a new ​wave of competitive pressure dubbed "China Shock 2.0".

China will "continue making advanced manufacturing bigger and stronger, ⁠enhance the autonomy and controllability of industrial chains," Xi said in remarks ​delivered at the National Advanced Manufacturing Conference in Beijing this week.

He also called for ​the acceleration of efforts to ‌building of a modern industrial system with advanced manufacturing as its backbone.

China ⁠has made significant strides toward becoming a manufacturing powerhouse, with its advanced manufacturing sector gaining in innovation, competitiveness ⁠and strength, Xi said.

Beijing has shifted credit and resources from ​property to advanced manufacturing to boost technological self-reliance and growth, but the high-tech boom has yet to deliver stronger ‌household incomes and consumption.

Premier Li Qiang said China should focus on next-generation intelligent ‌manufacturing, accelerate digital and AI-driven industrial upgrades, and ⁠strengthen its push for ‌indigenous high-end technologies.

(Reporting ​by Liz Lee, Kevin Yao and Beijing newsroom; Editing by Christian Schmollinger and Clarence ‌Fernandez)

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