High-end manufacturing to create modern industrial system


BEIJING: China’s stress on high-end manufacturing will help create a modern industrial system, safeguard industrial and supply chains, and foster new competitive strengths, say national legislators and political advisers.

They called for concerted efforts to make breakthroughs in core technologies, given that upgrading the manufacturing sector has been high on China’s development agenda as a requirement for bolstering the real economy.

Their comments came after President Xi Jinping said manufacturing is an indispensable sector to China at all times.

He made the remark during a deliberation with a delegation of fellow deputies from Jiangsu province yesterday during the first session of the 14th National People’s Congress (NPC).

Currently, China’s manufacturing sector boasts a complete range of categories, Xi said, adding the country will strive to develop high-end manufacturing to realise all-round improvement, and provide full support for its development.

Miao Wei, deputy director of the Committee on Economic Affairs of the National Committee of the Chinese People’s Political Consultative Conference, the nation’s top political advisory body, highlighted the importance of achieving breakthroughs in core technologies in key fields and resolving bottlenecks, so as to improve the resilience and safety of industrial and supply chains.

Miao, the former minister of industry and information technology, said efforts should be made to give full play to the role of leading enterprises, step up support for small and medium-sized enterprises and foster more “little giant” companies that specialize in niche industries with cutting-edge technologies and great growth potential.

Manufacturing is the foundation of a country, and the high-quality development of China’s manufacturing sector has entered the fast lane buoyed by digital technologies like cloud computing, big data, Internet of Things and blockchain, said Zhou Yunjie, a deputy to the 14th NPC, and chairman and CEO of Chinese home appliance giant Haier Group.“As the country is making efforts to build itself into a manufacturing powerhouse, more push is needed to promote innovative application of industrial Internet and fully unleash the value of massive data resources, which is also key to advancing new industrialization,” Zhou said.

Zhou suggested establishing a quality standard system in the context of new industrialisation, and cultivating a batch of industrial big data service providers, who will participate in the formulation of standards and rules related to industrial data ownership confirmation, circulation and transactions.

Data from the Ministry of Industry and Information Technology showed that China accounted for nearly 30% of global manufacturing output in 2021, up from 22.5% in 2012, and maintained its title as the world’s largest manufacturing country.

Noting technological innovation is the prerequisite to improving the resilience of industrial chains, Jia Shaoqian, a deputy to the 14th NPC and chairman of Chinese home appliance manufacturer Hisense Group, said leading enterprises should play a significant role in achieving breakthroughs in some core technologies in key fields. — China Daily/ANN

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

   

Next In Business News

Paragon Globe proposes to sell Johor land for RM238.32mil
Axiata, Sinar Mas seek permission for Indonesia telco merger, minister says
Independent auditor raises going concerns about Pharmaniaga
Ringgit ends lower on firmer US dollar index
Artroniq sells Penang property for RM1.8mil
Digital banks will not affect traditional banks in Malaysia
Dufu sees rise in global semiconductor sales and memory sector
MICCI, Penang work together to boost competitiveness in semiconductors, ports, trade
VSTECS appointed as the first Amazon Web Services distributor in Malaysia
Apple’s China iPhone shipments soar 12% in March after discounts

Others Also Read