China Sets 2030 Target of RMB 30 Trillion Revenue for Electronics Manufacturing

The Ministry of Industry and Information Technology and the National Development and Reform Commission have jointly issued the 15th Five-Year Plan for the Development of the Electronics and Information Manufacturing Industry. The plan calls for the industry to achieve notable results in high-quality development by 2030 and to play a pivotal role in the global industrial landscape.

The plan states that the industry's important position within manufacturing will be further highlighted, with revenue of large-scale enterprises exceeding RMB 30 trillion. In fields including integrated circuits, advanced computing, consumer electronics, basic electronics, and energy electronics, a number of strengths in technology and products will emerge.

The plan also calls for a marked improvement in industrial innovation efficiency, with research and development intensity reaching 3.5%, a substantial increase in computing supply capacity, and a significant rise in the penetration rate of next-generation intelligent terminal applications.