South Korean smart solutions firm BIStel says Made in China 2025 upgrading is why it plans to invest more

  • BIStel’s decision to increase investment in China comes at the time when some China-based manufacturers are moving to lower-cost Southeast Asia countries

Celia Chenin Shenzhen
Factory workers assemble the cases of air conditioners on an assembly line at a factory in Jiaozhou, eastern China's Shandong Province. Photo: AP

BIStel, a South Korean-headquartered provider of smart manufacturing solutions, said it will expand investments in China to catch business opportunities from the country’s plans for industrial modernisation and upgrading.

“One of China’s goals is to upgrade its manufacturing ability under [the national strategy of ] Made in China 2025 … We have to invest in manpower and technology to obtain the business opportunities,” said Sunny Lee, general manager of BIStel China in Shenzhen on Friday. “Without these kinds of approaches, it will be difficult to do business in China.”

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