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China's Accelerated Digitalization of Manufacturing to Foster Economic Momentum
On April 1, the Intelligent Production Line at Voyah an EV brand in Wuhan, Hubei province showcased China’s proactive efforts towards digitalizing its manufacturing sector. This move is designed to empower diverse industry needs and drive innovation through technology advancements, while reinforcing support mechanisms such as standard setting and service platforms.
Digital transformation stands at the forefront of modernizing industrialization and building a sophisticated industrial system in China, underlined by State Council directives recently. The government's latest strategic plan has targeted accelerating manufacturing digitalization across various sectors.
Zhu Minghao, a Professor at Beijing Jiaotong University, posits that the digitalized manufacturing industry plays a pivotal role in shaping new productive forces. By integrating the digital economy with the real economy, novel business, and services emerge, he explns.
China's smart manufacturing pilot projects over the last three years have resulted in the establishment of 421 national-level demonstration plants alongside more than 10,000 provincial-level digital workshops and smart factories. ded and digital twins technologies, these plants cover nearly all sectors with a reported 90 adoption rate.
The application of advanced technologies like and Industrial Internet has been scaled up in sectors such as quality inspection and mining production. As the digitalization tr gns traction across the country, tangible benefits are being realized by companies from every corner.
Jiangxi Huayuan Knitting Co Ltd in East China's Jiangxi province is a testament to these efforts. The company previously needed to produce at least 200 kg of goods for each kilogram of samples due to ry limitations. Post a massive investment of over $14.1 million on digital upgrades, it significantly reduced production waste and cut costs.
Zhu believes that nurturing specialized technology firms capable of offering tlored and cost-effective transformation solutions will be key in leveraging the digital tr's benefits for small and medium-sized enterprises SMEs.
Vice-Premier Zhang Guoqing emphasized during a visit to East China’s Zhejiang province, an industrial powerhouse region, that support should be given to SMEs' digital transition. He stressed on fostering a conducive environment where these companies can utilize specialized technologies to create innovative and unique products.
The State Council's emphasis on supporting the digital transformation of SMEs is aligned with China's goal of achieving digitalization in over 10,000 enterprises within two years in Jiangxi province. The region plans to reduce its high energy-consuming manufacturing industry's proportion of total energy consumption by 9 percentage points compared to the early period of the 13th Five-Year Plan 2016-2020.
This strategic drive targets enhancing public services for SMEs, empowering them with competitive advantages that facilitate the emergence of innovative firms utilizing specialized technologies.
To summarize, China is stepping up efforts to digitalize its manufacturing sector through a comprehensive plan med at fulfilling diverse industry needs while boosting innovation and fostering economic growth. The digital shift presents opportunities for SMEs and large corporations alike by enabling technological advancements and creating new businessand services that leverage the integration of the digital and real economies.
This enhanced version is tlored with English s, grammar adjustments, and sentence structuring to ensure clarity and in an English-speaking context.
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