China to accelerate smart manufacturing transformation in southern Guangdong-Hong Kong-Macao Greater Bay Area: ministry

Guangzhou Photo: VCG

China will continue to support the Guangdong-Hong Kong-Macao Greater Bay Area to focus on smart manufacturing, accelerate the development of advanced manufacturing, and promote the development of high-end, smart and green manufacturing, said an official from the Ministry of Commerce (MOFCOM) said recently.

The remark came as the Guangdong-Hong Kong-Macao Greater Bay Area began to cultivate and develop new industries to promote foreign trade transformation and upgrading and high-quality economic development.

Official data shows that from January to September this year, industrial investment in the southern city of Zhuhai increased by 66%, with the growth rate of industrial added value reaching 8.5%, ranking first in the southern province of Guangdong.

China will continue to support the Guangdong-Hong Kong-Macao Greater Bay Area in building a digital pilot zone for global trade, promoting the sustainable and healthy development of new trade formats such as cross-border e-commerce, Zhang Guanbin, an official from MOFCOM told a forum held on Sunday.

Chinese manufacturing companies are also gearing up to accelerate industrial transformation in a bid to foster a broad upgrade of local manufacturing that “is not only bold, but also robust and smart”, analysts said.

In an interview with Mark Wilson, head of manufacturing giant Midea Group’s US research center in Guangdong province, said China’s manufacturing systems are globally competitive.

“I think white goods manufacturing in China has proven to be better than many other markets,” he said.

When asked what kinds of gaps exist between China’s manufacturing sector to catch up with the world’s advanced levels, Wilson said that Chinese enterprises will continue to invest in automation and digitalization systems, they will ‘will strive to further reduce production costs that occur in developed countries.

Data from the Ministry of Industry and Information Technology revealed that the added value of China’s manufacturing sector increased from 16.98 trillion yuan ($2.46 trillion) in 2012 to 31.4 trillion yuan in 2021. .

To promote the transformation of the manufacturing industry, China has built a modern industrial system led by advanced manufacturing, encouraging the manufacturing industry to position itself in the middle and high end of the value chain.

Regarding science and technology cooperation between China and the United States, there are always voices claiming that China and the United States are “decoupling” in the field of technology, however, he said. that it would be painful for both countries if China and the United States were to decouple science and technology cooperation, leaving both countries “worse off” because of it.

As a leading technology company, Tencent now uses digital technology to contribute to the high-quality development of the real economy.

Based in Bao’an District in Shenzhen City, Tencent’s Industrial Cloud Internet Headquarters is accelerating the transformation of digital technology in the Bay Area and across the country.

Cao Lei, vice president of Tencent Cloud, told the Global Times that the company hopes to continue using its science and technology strength to help the Greater Bay Area build a world-class bay area and a cluster of modern cities. .

Marjorie N. McClure