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      Manufacturing Leads Industrial Development

      2024-08-21 00:00:00WangYuncong
      China Pictorial 2024年8期

      Manufacturing is thefoundation of acountry’s strengthand prosperity andrepresents the most importantand fundamental segment of thereal economy. It serves as thedominant force in participatingin the global industrial divisionof labor and international trade.

      The manufacturing sector,with its large scale, is theprimary engine driving China’shigh-quality development. Acomplete industrial systemprovides a solid foundationfor safeguarding economicand national security. The realeconomy, with manufacturingat its core, constitutes a robustmaterial and technologicalbasis for realizing China’smodernization. Enhancingthe core competitiveness ofthe manufacturing sector isconducive to raising its positionin the global industrial divisionof labor.

      In recent years, China’sposition as the largestmanufacturing country inthe world has been furtherconsolidated, with moreadvantages in scale, clustering,networking, and digitization.According to the latest reportfrom the United NationsIndustrial DevelopmentOrganization, China’s sharein the global manufacturingindustry has reached 30.5 percent,indicating remarkable progress.

      In terms of the Competitive Industrial Performance Index,China, as the only middleincomeindustrial economy,ranks second globally. AndChina’s manufacturing industryhas excelled in multiple fields.After years of development,China’s industry transitionedfrom investment-driven toinnovation-driven, achievingefficiency improvement,technological advancement, andstructural optimization amidststeady growth. High-qualityindustrial development inChina has caused a rise inmanufacturing that sets thenew trend in global industrialdevelopment. The country isactively embracing innovation,promoting transformation, andmaking significant contributionsto global economic growth.

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