Arab Press

بالشعب و للشعب
Friday, Aug 22, 2025

High-end manufacturing to open new vistas

High-end manufacturing to open new vistas

High-end manufacturing must be integrated into the development of city clusters, regional linkages and digital innovation, as well as the Belt and Road Initiative for China to achieve breakthroughs in fields that it has been lagging, a leading economist said.
Wei Jianguo, vice-chairman of the China Center for International Economic Exchanges, said city clusters will play a huge role in optimizing the country's core competitiveness by creating complementary advantages and eliminating homogeneous development.

As high-end intelligent equipment, new generation of information technology, new materials, new energy vehicles and other emerging industries are highly sought after in many parts of the world, regional development of the Guangdong-Hong Kong-Macao Greater Bay Area, Yangtze River Delta city and Beijing-Tianjin-Hebei city clusters will help create a number of leading cities supported by the agglomeration of industries in surrounding areas.

To give full play to China's existing innovation advantages, Wei urged the country to further upgrade its manufacturing industry via digital technology, because it is economically beneficial to combine digital technology with the contemporary industrial system to raise the added value of industrial products.

"Artificial intelligence and big data analysis can efficiently boost the matching degree between consumers' diversified preferences and manufacturers' production capacity, so as to build a better industrial chain, supply chain and value chain supported by digital solutions," he said.

The added value of China's high-tech manufacturing grew 6.1 percent year-on-year in August, 1.7 percentage points higher than that of all industrial enterprises above the designated size, according to data released by the National Bureau of Statistics last week.

Government data also showed a swift growth in high-tech and high value-added new industrial products last month. 3D printers led the growth by expanding 152.9 percent in August, followed by smart bands and solar industrial ultra-clear glass.

Facing the threat of protectionism, Wei noted that China should take advantage of the Belt and Road Initiative opportunities to better support its manufacturing sector, as the trade friction between China and the United States has pushed a number of domestic and global companies to relocate their factories in India, Vietnam and other countries.

"We should combine industrial transfer with the BRI development together, and enlarge the formation of new advantages that complement each other in the outward transfer of industries and the domestic industrial upgrading," said Wei, who also was China's vice-minister of commerce between 2003 and 2008.

"It will gradually promote orderly "going global" progress for home companies, diversify their origin, export markets and asset portfolios, and break down the tariff barriers set by the US," he said, adding this can be a practical measure to address issues such as industrial relocation, overcapacity and the China-US trade dispute.

Chen Xuedong, an academician at the Chinese Academy of Engineering, said globalization is a positive trend of the global economy. It brings new opportunities to everywhere in the world and improves international partnerships. Every country, company and individual has benefited from globalization, he said.

China has also taken a series of measures to open up further, including expanding the range of areas open to foreign investment and optimizing foreign investment rules. This helps boost the confidence of foreign companies too, he said at a sub-forum of the 2019 World Manufacturing Convention held in Hefei, capital of Anhui province, late last month.
Newsletter

Related Articles

Arab Press
0:00
0:00
Close
Dogfights in the Skies: Airbus on Track to Overtake Boeing and Claim Aviation Supremacy
Tim Cook Promises an AI Revolution at Apple: "One of the Most Significant Technologies of Our Generation"
Are AI Data Centres the Infrastructure of the Future or the Next Crisis?
Miles Worth Billions: How Airlines Generate Huge Profits
Zelenskyy Returns to White House Flanked by European Allies as Trump Pressures Land-Swap Deal with Putin
Beijing is moving into gold and other assets, diversifying away from the dollar
Trump Backs Putin’s Land-for-Peace Proposal Amid Kyiv’s Rejection
Zelenskyy to Visit Washington after Trump–Putin Summit Yields No Agreement
Iranian Protection Offers Chinese Vehicle Shipments a Cost Advantage over Japanese and Korean Makers
United States Sells Luxury Yacht Amadea, Valued at Approximately $325 Million, in First Sale of a Seized Russian Yacht Since the Invasion of Ukraine
Saudi Arabia accelerates renewables to curb domestic oil use
Cristiano Ronaldo and Georgina Rodríguez announce engagement
Asia-Pacific dominates world’s busiest flight routes, with South Korea’s Jeju–Seoul corridor leading global rankings
Private Welsh island with 19th-century fort listed for sale at over £3 million
Sam Altman challenges Elon Musk with plans for Neuralink rival
Australia to Recognize the State of Palestine at UN Assembly
The Collapse of the Programmer Dream: AI Experts Now the Real High-Earners
Armenia and Azerbaijan to Sign US-Brokered Framework Agreement for Nakhchivan Corridor
British Labour Government Utilizes Counter-Terrorism Tools for Social Media Monitoring Against Legitimate Critics
WhatsApp Deletes 6.8 Million Scam Accounts Amid Rising Global Fraud
Texas Residents Face Water Restrictions While AI Data Centers Consume Millions of Gallons
India Rejects U.S. Tariff Threat, Defends Russian Oil Purchases
United States Establishes Strategic Bitcoin Reserve and Digital Asset Stockpile
Thousands of Private ChatGPT Conversations Accidentally Indexed by Google
China Tightens Mineral Controls, Curtailing Critical Inputs for Western Defence Contractors
JPMorgan and Coinbase Unveil Partnership to Let Chase Cardholders Buy Crypto Directly
British Tourist Dies Following Hair Transplant in Turkey, Police Investigate
WhatsApp Users Targeted in New Scam Involving Account Takeovers
Trump Deploys Nuclear Submarines After Threats from Former Russian President Medvedev
Germany’s Economic Breakdown and the Return of Militarization: From Industrial Collapse to a New Offensive Strategy
Germany Enters Fiscal Crisis as Cabinet Approves €174 Billion in New Debt
IMF Upgrades Global Growth Forecast as Weaker Dollar Supports Outlook
Politics is a good business: Barack Obama’s Reported Net Worth Growth, 1990–2025
UN's Top Court Declares Environmental Protection a Legal Obligation Under International Law
"Crazy Thing": OpenAI's Sam Altman Warns Of AI Voice Fraud Crisis In Banking
Japanese Prime Minister Vows to Stay After Coalition Loses Upper House Majority
President Trump Diagnosed with Chronic Venous Insufficiency After Leg Swelling
Man Dies After Being Pulled Into MRI Machine Due to Metal Chain in New York Clinic
FIFA Pressured to Rethink World Cup Calendar Due to Climate Change
Iranian President Reportedly Injured During Israeli Strike on Secret Facility
Kurdistan Workers Party Takes Symbolic Step Towards Peace in Northern Iraq
BRICS Expands Membership with Indonesia and Ten New Partner Countries
Elon Musk Founds a Party Following a Poll on X: "You Wanted It – You Got It!"
AI Raises Alarms Over Long-Term Job Security
Russia Formally Recognizes Taliban Government in Afghanistan
Saudi Arabia Maintains Ties with Iran Despite Israel Conflict
Mediators Edge Closer to Israel-Hamas Ceasefire Agreement
Germany Seeks Taliban Deal to Deport Afghan Migrants
Emirates Airline Expands Market Share with New $20 Million Campaign
Robots Compete in Football Tournament in China Amid Injuries
×