To meet international high standards, we should firstly pay more attention to the merge of the Chinese manufacturing industry and service industry, between which the boundary is blurring. In the integration of those two, the manufacturing industry extends to services based on its products, and endeavors to enhance added value comprehensively. For example, automobile manufacturers are stretching to automobile services and finance.
We should secondly adopt an Internet thinking to upgrade and transform the traditional manufacturing industry. The Internet economy has brought a new mode of industry combination and fusion with the Internet as a bond. Viewing from outside of the traditional manufacturing industry, we will see that it is being integrated with the Internet at a higher speed. On the one hand, traditional corporations arm and change themselves with Internet thinking and tools; on the other hand, the Internet is merging faster into the traditional economy with its growing big data, cloud computing and mobile Internet.
Thirdly, we should lay more emphasis on technology innovation. Major creations are breaking new ground in areas such as manufacturing, electronic engineering, instruments and meters, and material and energy, leading to the merging and renovating in all industrial businesses. When moving from being a big manufacturer to a strong one, we need the development, making and application of robots, which have become a yardstick for measuring a nation’s technological innovation and high-end manufacturing.
Chief Economist of SWS Research Co., Ltd.