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Sector's services to foster high-quality development over following years China on Tuesday announced key measures to promote the use of
manufacturing services for the transformation and upgrade of the
manufacturing sector and to foster high-quality development over the
next five years. By 2025, the country's manufacturing services sector will not only
help boost the high-quality development of the manufacturing sector, but
also improve innovation capabilities and resource allocation
efficiency, said a document jointly released by the National Development
and Reform Commission and 12 other central departments. There will also be substantial improvement in the specialization,
branding, digitalization and internationalization of the manufacturing
services sector, along with the creation of a group of leading
manufacturing services clusters and enterprises. To further boost the high-quality development of manufacturing
services, the country will make a concerted push to effectively use 5G,
big data, cloud computing, artificial intelligence, blockchain and other
emerging information technologies to further develop smart
manufacturing and cultivate shared manufacturing, design and data
platforms. More efforts will also be made to develop science and technology
services such as technology transfer, entrepreneurial incubation and
intellectual property rights, formulate a road map for digital
transformation in key industries, promote the development of 5G and
industrial internet, establish a global supply chain risk warning system
for key sources and products, increase financing support for
manufacturing service companies and encourage qualified enterprises to
go public both at home and abroad. Citing the new document, Wang Yong, a visiting professor at the KTH
Royal Institute of Technology in Stockholm, Sweden, said the
government's new measures will improve manufacturing productivity, by
developing the modern logistics service system and promoting the sharing
of information resources. Wang said the modern logistics system is an important means to
connect consumption and production, which is key to building a unified
domestic market. "Under the new 'dual-circulation' development pattern, we need to
build a high-quality modern logistics system to boost innovation-driven
development for industries and consumption," Wang said. The country must strive to build an efficient system for
technological innovation and transfer and spur the development of the
digital economy, said Zhang Yuxian, director of the Department of
Economic Forecasting at the State Information Center. During the past five years, China has made huge strides in increasing the high-quality development of the manufacturing sector. Data from the Ministry of Industry and Information Technology showed
that the average growth rate of added value of the high-tech
manufacturing industry was 10.4 percent from 2016 to last year, which
was 4.9 percentage points higher than the average growth rate of added
value of industrial companies with an annual revenue of more than 20
million yuan ($3 million) each for the same period. The country has pledged to further develop the real economy,
strengthen industrial and supply chains, boost industrial upgrading and
foster high-quality manufacturing, according to the outline of the 14th
Five-Year Plan for National Economic and Social Development and
Long-Range Objectives Through the Year 2035.
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