The Ministry of Industry and Information Technology recently announced that the strategic plan of "Made in China 2025" will be released as soon as possible. Judging from the disclosed relevant content, the plan will focus on five major projects, namely intelligent manufacturing, industrial foundation reinforcement, green manufacturing, high - end equipment innovation, and the construction of national manufacturing innovation centers. Combining with the informatization application of "Internet +", it will promote the healthy development of the manufacturing industry.
"Made in China 2025" Plan Comes at the Right Time
Zhang Yugui, Dean of the School of International Business and Economics, Shanghai International Studies University, wrote in an article published in China Securities Journal. From the perspective of global economic competition and industrial changes, the "Made in China 2025" strategic plan to be announced in China is not only a response to Germany's "Industry 4.0" development plan, but also a major development strategy based on China's early realization of the "Two Centenary Goals", combined with China's industrial development foundation and technological accumulation in the manufacturing field, aiming to build China's economic high - frontier. Obviously, the introduction and effective implementation of this plan not only have national significance at the technical level, but also are the most important foundation for China's upgrade from a trading and manufacturing power to an industrial and capital power.
As far as the overall economic development of China is concerned, the planning and upcoming introduction of "Made in China 2025" come at exactly the right time. On the one hand, after fully enjoying the dividends of global industrial transfer, although China's manufacturing industry is still one of the most important manufacturing systems in the world today, it faces extremely fierce industrial competition and has also experienced a certain degree of "industrial hollowing - out" phenomenon. Since 2008, due to factors such as the rise in labor costs and the slowdown of global economic growth, in the Yangtze River Delta and Pearl River Delta regions, which are the core sectors of China's manufacturing industry, the manufacturing clusters that have long relied on high - specialization and price competition as their sharp weapons have entered a medium - low - speed development period, and some enterprises have begun to relocate. At the same time, the manufacturing competition pressure from Southeast Asian and South Asian countries has been increasing in recent years. Correspondingly, industrialized countries represented by the United States, Japan, and Germany, while strengthening their global industrial competition systems, are also promoting the upgrading of their domestic industries, and many enterprises are returning to build factories at home. If this trend continues, the special - purpose investments of China's original local supporting enterprises will suffer sunk losses. Constrained by the lack of independent innovation technologies, China's manufacturing industry will not only find it difficult to achieve an overall upgrade, but also face increasingly severe internal and external squeezing. Therefore, the increasingly severe international competition situation forces China's manufacturing industry to come up with a development plan that can lead the next decade or even a longer period to consolidate the overall competitive advantage of China's manufacturing industry. Otherwise, China will not only find it difficult to adapt to the global manufacturing industry changes, but is also likely to lose the time window for forging competitive advantages while losing its comparative advantages.
On the other hand, after ten years of technological research and development and industrialization promotion, China has initially formed a national competitive advantage in the high - end manufacturing field. High - end equipment manufacturing industries represented by high - speed rail and nuclear power, after relatively mature domestic industrialization operations, combined with the national "going - out" development strategy, have become real Chinese business cards integrating high - technology, industrial supporting, and operation management. Especially with the fruition of the "Belt and Road" initiative in Asia, Europe, and Africa, Chinese enterprises such as CRRC, China State Construction Engineering Corporation, China Railway Construction Corporation, and Zhenhua Heavy Industries are becoming the vanguard of China in building a global manufacturing competition system. China can not only meet the technical needs and industrial supporting services of emerging markets and developing countries in the infrastructure and important equipment manufacturing fields, but also has the comprehensive competitive ability to export high - speed rail and other representative works of China's manufacturing industry to developed countries. This should be the most important change in the global manufacturing competition system since Watt invented the steam engine. If China can achieve strategic breakthroughs in large - aircraft manufacturing and industrialization operations in the next five to ten years, China will form a relatively complete global competitive system in the high - end manufacturing field.
Therefore, for China to move towards a first - class economic power, it not only needs to enhance its position in the international division of labor by integrating into the global production network, but also needs to vigorously develop high - end manufacturing industries with global resource allocation capabilities.
Accelerating the Structural Adjustment and Upgrade of the Manufacturing Industry is Imperative
The article holds that during the upcoming "13th Five - Year Plan" period, China must accelerate the orderly withdrawal of excess production capacity, speed up the structural adjustment of the manufacturing industry, and promote the overall upgrade of manufacturing industries with growth potential through "Internet + manufacturing" and "Internet + small and medium - sized enterprises". On the other hand, it should continue to increase investment in technology in fields such as high - speed rail, aerospace, shipbuilding, offshore engineering, new energy, and new materials, striving to cultivate a number of indicator enterprises that can lead the industrial revolution. Of course, judging from China's existing technical foundation and resource input, although the development momentum is good, two important shortcomings have not been resolved: one is that enterprises are inclined to simply expand their market share and are still not enthusiastic about technology investment; the other is that the progress of technology industrialization is slow, and the conversion rate of patent achievements has been hovering at a low level. There is also an important bottleneck: due to China's relatively introverted cultural inertia, although the government, society, and more and more enterprises have been emphasizing innovation in recent years, it is not easy to form an innovation ecosystem that can give birth to super - innovative enterprises like Apple, which requires an open mindset, a willingness to take risks, diligence, an interesting nature, and a way of thinking that dares to challenge authority.
In this sense, while China accelerates the improvement of the global resource allocation capabilities of super - large state - owned enterprises represented by central enterprises through the "Belt and Road" initiative, it must also expand the phalanx of Chinese private enterprises represented by Huawei. Efforts should be made to enhance their professional service capabilities in research and development, design, and system integration, strengthen financial services, technology supply, and operation management functions, especially the ability to manage the global supply chain. Moreover, it is necessary to attach importance to cultivating a group of high - end industrial talents with an international perspective, a global operation awareness, and proficiency in using global management tools.