Current location:Horizon Herald news portal > health
New focus boosting global supply chains
Horizon Herald news portal2024-04-30 11:04:15【health】4People have gathered around
IntroductionBy Shi Jing (China Daily) 08:09, March 13, 2024China's focus on developing the high-end manufacturin
China's focus on developing the high-end manufacturing sector and new quality productive forces will strengthen the world's industrial and supply chains, despite a grim and complex global environment, said industry leaders and business executives on Tuesday.
In a rapidly evolving global economy, strategic emerging industries, representing the direction of a new round of technological revolution and industrial transformation, are set to enhance new quality productive forces and foster innovation, they said.
As the world grapples with challenges like climate change, resource scarcity and technological disruptions, China's commitment to advancing high-end manufacturing, including electric vehicles, machine tools, solar panels, energy storage equipment and the next-generation vessels, is not only reshaping its own economic landscape but also making the global economy and supply chains greener and diversified, said Ye Dingda, chief economist of the Beijing-based China Machinery Industry Federation.
Chen Shihua, deputy secretary-general of the China Association of Automobile Manufacturers, said that one of the key areas where China is expected to make substantial contributions is the realm of electric vehicles and battery technologies.
With the global automotive industry undergoing a significant shift toward electrification, China's advancements in battery technology and manufacturing are set to play a crucial role in cutting the carbon footprint of transportation and enhancing energy efficiency across the world, Chen said.
This sentiment is in line with the latest data from the Beijing-based association. China exported 822,000 automobiles in all, including EVs, during the January-February period, up 30.5 percent year-on-year.
China's ongoing green transformation has also created business opportunities for multinational corporations operating in the country. Ramesh Singaram, president and CEO for Asia at the gas power unit of GE Vernova, a United States-headquartered energy solution and services provider, said that a complementary approach combining gas and renewable power generation is the most effective and sustainable way for China to achieve its dual carbon goals.
"Gas power generation, with its inherent flexibility and low emissions profile and the versatility of pumped storage, which offers excellent adjustable performance, is poised to become indispensable components of China's power system," he said, adding that with more than 4,000 employees in over 10 offices and manufacturing sites in China, the company will introduce more solutions and products in the country.
Despite facing strong headwinds, including the US restrictions on exporting lithography machines for chipmaking to China through third-party channels and the European Union's initiation of an anti-subsidy investigation targeting Chinese EVs, business leaders said that China's push for innovation in information technology is unwavering.
Particularly in areas like 5G, artificial intelligence and the internet of things, these factors are expected to revolutionize the way companies in the manufacturing sector operate and interact with consumers.
These technologies are not only driving the development of the manufacturing sector and smart cities, but also enabling more resilient and responsive supply chains, said Zhang Zhiyong, chairman of China Tower Corp Ltd, a Beijing-based mobile communication infrastructure company that runs almost all of China's telecom towers.
Highlighting the importance of new quality productive forces aimed at emerging and future-oriented industries, Zhang said that integrating the development of a manufacturing powerhouse with the digital economy and industrial informatization is essential.
China Tower, a state-owned enterprise, is implementing innovative tasks in strategic emerging industries such as the next generation of mobile communications, computing power networks, 6G and satellite internet.
"China's strategic emerging industries and future industries are set to offer numerous opportunities for cross-border collaboration and innovation," said Chu Xiangyin, a professor of supply chain management at the University of International Business and Economics in Beijing.
By leveraging its strengths in manufacturing, technology and sustainability, China is well-positioned to make significant contributions to global industrial and supply chains, ultimately driving economic growth and environmental progress both domestically and internationally, Chu said.
Address of this article:http://paraguay.whetstonetavern.com/content-72d199838.html
Very good!(286)
Related articles
- Xi Focus: Xi Stresses Promoting Equipment Renewals, Trade
- Queen Letizia channels Spring with a colourful floral dress for an event in Cordoba
- Now and Then co
- DAN WOOTTON: Has Meghan swerved the Coronation because she can't stand the thought of being booed?
- Xi affirms nation's commitment to future of humanity
- Father of teen stabbed to death on Apple River by knife
- Shocking moment Oakland jewelry shop owner cowers in terror as gang of hammer
- Amazon ordered to pay $525million to tiny Chicago
- Feature: Namibian city market bolsters local product commerce
- Seafood shocker: Warning shrimp and lobster contain dangerous levels of cancer
Popular articles
Recommended
China's space station lab module Mengtian ready for launch
The truth about trend of new mothers drinking their OWN breast milk
Indiana mother Raeleigh Phillips charged with murdering nine
Kanye West's ex Julia Fox gives Bianca Censori a run for her money in an X
Zimbabwe's gold
Government delayed vape rules to suit retailers, campaigners say
Khloe Kardashian's daughter True Thompson is 6! The child gets heart
On a wing and a prayer! Watch the nail
Links
- Weaving Bright Future for Chinese, African Women
- 'Rose Sister' Leads Villagers to Prosperity
- Woman Scientist Makes China Stand Out in Global Supercomputing Industry
- Yang Xiaoyu: Boosting Museum's Role in Promoting China's Fine Traditional Culture
- Centenarian Doctor Committed to Defeating Leprosy
- Leading by example, Hangzhou Asiad showcases common dreams and unity despite differences
- Queen of the Button Empire: China's Legend of Women Empowerment
- Technician Leads Team in Making Scientific, Technological Innovations
- Zheng Zhenxiang: A Life Dedicated to Archeology
- Tujia Woman Promotes Ethnic Culture Through Literature, Songs