Where does the innovation momentum of China's "smart manufacturing" come from?

Release time:Apr 16, 2024 18:04 PM

Touring the Mogao Caves in the virtual world, watching China's first terrestrial ecosystem carbon monitoring satellite, and experiencing new smart medical technologies... These innovative achievements with a strong technological style come from the 2023 China International Fair for Trade in Services. Here, Chinese companies are launching new products one after another, demonstrating strong innovation momentum to the world. Among them, digital trade and "zero carbon service trade" have become two bright colors of the innovative achievements of this grand event.

These cutting-edge high-tech exhibits also reflect the confidence of Chinese enterprises in innovative development. In the first half of this year, investment in China's high-tech industry increased by 12.5% year-on-year, faster than the total investment by 8.7 percentage points. Among them, investment in high-tech manufacturing and high-tech service industries increased by 11.8% and 13.9% respectively... Behind these impressive data, what is the trend of transformation and upgrading of Chinese enterprises? Where does innovation come from?

This year, multiple Iranian companies showcased their unique products and services at the Iranian National Pavilion. In the view of Iranian Business Counselor Hamid Adli in China, as China promotes the transformation and upgrading from production-oriented manufacturing to service-oriented manufacturing, especially by proposing an innovative business model of "product+service", it also brings a huge leading role to other countries. "We will closely follow the opportunities of China's large market, cooperate for mutual benefit, and provide more and better services for the people," Adli said.

"This year, we have demonstrated innovation in China, which has helped us with our manufacturing policies in China. We are excited and delighted to participate in the third China International Fair for Trade in Services." Yang Wilhelm, Vice President of a Dutch technology company, believes that with the increasing influence of the China International Fair for Trade in Services platform, more foreign-funded enterprises have firmly joined the "circle of friends" of China International Fair for Trade in Services. He said, "Through digitization, better technology, and higher efficiency, both the Netherlands and China will find better ways of cooperation, which will also be the focus of future Sino Dutch cooperation."

Where does the innovation momentum of China's "smart manufacturing" come from?

One by one, China's "smart manufacturing" has been equipped with technological "wings", allowing Chinese enterprises to go global and releasing new economic growth momentum for the world. Exciting technological experiences have showcased the vigorous trend of China's innovation, and have also conveyed a new trend of deepening innovation integration to the world.

We have moved from traditional service industries to new service industries, such as digital trade and digital platform services. Its development has met the needs of improving people's living standards and also brought about new high-end employment. At the same time, it also injects new content into economic growth, making it more active and enriched. In terms of high-tech innovation, we can also do more in the future.

The expansion and innovative development of service trade will further consolidate China's position as the world's largest trading country. The Fair for Trade in Services has become an important platform for China to expand openness, deepen cooperation, and lead innovation. Holding a service trade fair can effectively promote relevant international cooperation, inject stronger impetus into the development of the service industry and service trade, and drive the economy to further achieve high-quality development.

Modern service trade belongs to high-tech, knowledge intensive fields that require innovation in particular. Currently, service trade is showing a trend of digitization, intelligence, and greenization, representing the direction of future innovation. We need to follow this path and make it solid step by step.

Reporter | Yao Wenshuai

Author | Wu Qian

Visual | Ma Zeyu

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