China now dominates on the Global Lighthouse Network list, a project launched in 2018 by the World Economic Forum in collaboration with consultancy McKinsey& Company. — China Daily
BEIJING: Made-in-China is now entering a new stage of development, as the country beefs up its push to pursue industrial upgrades and intelligent manufacturing.
China now dominates on the Global Lighthouse Network list, a project launched in 2018 by the World Economic Forum in collaboration with consultancy McKinsey& Company, which is a testament to the country’s growing manufacturing prowess.
Formed by more than 130 plants to date owned by various companies, the Global Lighthouse Network is a community of manufacturers applying advanced technologies to speed up and spread the smart adoption of fourth industrial revolution technologies – a fusion of artificial intelligence, robotics, the internet of things, blockchain, 3D printing, genetic engineering, quantum computing and other technologies – to their industries worldwide.
To date, China houses 50 such lighthouse factories, the highest number among any country and accounting for nearly one-third of the world’s total.
These advanced factories, built by both domestic and foreign companies in China, offer a glimpse into how Made in China is upgrading into smart manufacturing and how the country’s sprawling industrial economy will evolve in the future, officials and experts said.
Song Huasheng, a professor at Zhejiang University, said the number demonstrated that if China was running behind Western countries in the first three industrial revolutions, the country is now a parallel runner and even a leader in certain sub-sectors in the fourth industrial revolution. — China Daily/ANN
