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China to fuse software and steel with US$14tr sector to fix weak links in world’s factory

South China Morning Post 22 April 2026 11h ago
China to fuse software and steel with US$14tr sector to fix weak links in world’s factory
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China is embarking on a sweeping overhaul of its industrial architecture, aiming to fuse software and steel as part of a 100-trillion-yuan (US$14.7 trillion) undertaking to modernise its service sector while pushing manufacturing into the future. The State Council’s blueprint, unveiled on Tuesday, said the valuation target for the service sector was achievable by 2030 as advanced manufacturing inc
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