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Global firms to embrace new era of manufacturing

  • Author:Linki
  • Source:https://www.chinadaily.com.cn
  • Release on:2019-09-25

Global firms to embrace new era of manufacturing

Global manufacturers, gathering in Anhui for a world manufacturing convention, showcased their determination to embrace a new era of manufacturing by promising to invest 735.1 billion yuan ($105 billion) in 638 projects in the province when the gala ended on Monday.

These include a 220-billion-yuan investment to set up Changxin IC Industrial Base in Hefei, and a 10-billion-yuan input to boost Lenovo Group's smart products at its subsidiary of LCFC (Hefei) Electronics, Anhui Executive Vice-Governor Deng Xiangyang said on Tuesday.

Reinforcing the importance of the manufacturing sector, participants at the WMC 2019 exhibited their cutting-edge technologies and high-tech advances, showing that manufacturing can shine bright in the industrial landscape, he said.

During the four-day event, over 4,500 participants from 78 countries and regions also toured a themed high-tech exhibition in Hefei, the provincial capital, where delegates from more than 800 enterprises from home and abroad showcased some 2,000 cutting-edge products.

Shown in 10 exhibition areas, the products covered such spheres as world manufacturing, intelligent manufacturing, digital economy, commodity trading and autonomous vehicles, drawing some 350,000 visitors.

According to the National Bureau of Statistics, the added value of China's manufacturing industry surpassed that of the United States for the first time in 2010, becoming the world's largest manufacturing nation.

The added-value of China's manufacturing, topping the whole world for nine years, exceeding 26 trillion yuan in 2018, accounting for 26 percent of the corresponding global figure, State Councilor Wang Yong said at the opening ceremony of WMC 2019.

President Xi has stressed many times that the manufacturing sector is the base of a nation's development and innovation-driven development is the core of manufacturing development, Wang said.

Stressing that Anhui is rather strong in basic research and focusing on major scientific and technological innovations, Anhui Party secretary Li Jinbin said the province has maintained a global leading position in its achievements in quantum communication, steady-state high magnetic fields, fusion energy and brain-like intelligence.

The East Chinese province will adhere to President Xi's call to bolster manufacturing to enhance high-quality economic growth, Li said.

Anhui Governor Li Guoying noted that the central authorities have urged the province to further consolidate its foundation for manufacturing and extend its industrial chain.

The province will rely on technological innovation to promote industrial innovation, with priorities on strengthening key technologies in such fields as smart home appliances, electronic information, new energy vehicles, industrial robots and artificial intelligence, the governor said.