According to KPMG's analysis, global industries and supply chains are undergoing a reshaping, while technological innovation is accelerating. In this context, the application field of China's manufacturing industry continues to expand. China's cost advantage is no longer limited to labor-intensive industries, but has expanded to medium- and high-tech industries, thanks to the abundance of high-quality talents, mature industrial supporting systems and excellent manufacturing capabilities. In addition, the rapid development of information technology has enhanced the value of information flow, the global division of labor has made the supply chain more extended, and the specialization and factor concentration of manufacturing industry clusters have brought economies of scale and improved the flexibility of the industrial chain. Together, these factors have contributed to the advancement of China's manufacturing industry in the global value chain.
China's manufacturing industry advantages
It is understood that China is the only country in the world that has all the industrial categories in the United Nations Industrial Classification, and the output of more than 200 kinds of industrial products ranks first in the world. A complete industrial system means that internal support can be achieved in all aspects of raw material supply, parts processing, product assembly, technology research and development, etc., which reduces the dependence on the external supply chain and improves the stability and anti-risk ability of the industry. For example, in the new energy vehicle industry, from key components such as batteries, motors, and electronic controls to vehicle manufacturing, and then to the production of supporting facilities such as charging piles, China can complete it in China, thus forming a complete industrial chain and making the development of the industry smoother.
New energy manufacturing drives industrial innovation
Taking new energy vehicles as an example, from a global perspective, China's new energy vehicle companies have absolute advantages in technology, cost and industrial clusters. KPMG pointed out that China's new energy vehicle companies have opened up key links such as vehicles, raw materials, battery parts, system assemblies, manufacturing equipment, and infrastructure, and have a world-class automotive supply chain system to meet the diversified needs of the market. For example, the rise of the new energy vehicle industry has led to the development of key parts industries such as batteries, motors, and electronic controls, and formed a new supply chain system. For example, battery companies such as CATL and BYD have become world-renowned suppliers, providing high-performance batteries for many automobile brands; At the same time, it has also prompted raw material suppliers to increase investment in R&D and production, such as lithium mining companies to continuously optimize mining and refining technologies to meet the needs of battery production. In addition, the development of new energy vehicle manufacturing industry has promoted the transformation of automotive power systems from traditional fuel engines to electrification and intelligence. Advances in battery technology have led to an increase in the range and charging time of electric vehicles, such as Tesla's long-range models with a range of hundreds of kilometers; Breakthroughs in hydrogen fuel cell technology are also being made, driving the diversification of automotive energy sources.
Figure: The new energy industry chain is in full bloom, and the scale of key industries is leading the world
The high-tech manufacturing industry has broken through the growth pole of high-quality development
KPMG pointed out that in recent years, China has continued to improve its enterprise-oriented technological innovation system, increased incentives for technology research and development, and achieved significant improvement in technological innovation capabilities. Relying on strong technological innovation and independent research and development strength, China's high-tech manufacturing enterprises in the international competition advantages are highlighted, electronic and communication equipment manufacturing industry has been fully integrated into the global value chain, for example, communication equipment manufacturing enterprises rely on the advantages of 5G technology, has taken the lead in some overseas countries to achieve the commercial deployment of 5G network, becoming an important participant in the construction and upgrading of 5G network worldwide.
The high-end equipment manufacturing industry has seized the commanding heights of global development
The high-end equipment manufacturing industry is a technology-intensive industry, and it continues to invest a lot of resources in R&D and innovation. For example, in the aerospace field, China's self-developed C919 large passenger aircraft, by overcoming key technologies such as aero engine design and manufacturing, avionics system integration, and advanced composite material applications, not only fills the gap in the domestic large passenger aircraft manufacturing, but also shows the strength of China's high-end equipment manufacturing in the global civil aviation market, competes with international giants such as Boeing and Airbus, and promotes the technological progress and pattern changes of the global aviation industry. According to KPMG, China's high-end equipment manufacturing enterprises have made certain technological breakthroughs after years of innovation and development, and have also formed industrial clusters with certain international competitiveness. For example, the Jakarta-Bandung high-speed railway is the first time that China's high-speed rail manufacturing has landed overseas with the whole system, all factors and the whole industrial chain, achieving the fastest speed in Southeast Asia.
In addition, with the integration of 5G, artificial intelligence, new material technology and other technologies, China's consumer electronics industry is developing towards branding and high-end, and enterprises have gradually become ODM from the initial OEM, and now it has become OBM, from the traditional production and assembly, to the development of Chinese brands with technical patents and brand influence.
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