China plans upgrade for time-honored industries

China has unveiled its first national policy dedicated to upgrading time-honored traditional industries, including silk, tea, porcelain, traditional Chinese medicine, and traditional crafts. The plan aims to accelerate technological transformation, strengthen global brands, and move these industries up the global value chain.

September 7, 2026

China moves to boost time-honored industries

China aims to foster 50 leading enterprises, 100 consumer brands, and several major industrial clusters in time-honored traditional industries such as silk, tea, porcelain, and traditional Chinese medicine by 2028, and cultivate a group of world-class companies and renowned brands by 2030. These industries currently encompass about 25,000 large-scale enterprises, employ nearly 3.5 million people, and generate around 8 trillion yuan (US$1.19 trillion) in annual revenue.

September 7, 2026