Opening of a manufacturing meeting in China
NEW IDEAS A staff member presents a gait training device at the Fourth World Manufacturing Convention in Hefei, east China’s Anhui Province, November 19, 2021. XINHUA PHOTO
HEFEI: The Fourth World Manufacturing Convention kicked off on Friday in Hefei, capital of eastern China’s Anhui Province, with a number of the country’s leading technologies and products.
The four-day event, under the theme “Innovation Driven, Digitally Enabled: A Global Manufacturing Industry Aligned with High Quality Growth”, focuses on cutting-edge trends, showcases development achievements and explores a new path to high quality manufacturing.
The subject of the event is in line with the current trend to integrate the digital economy into the manufacturing sector, said Ma Jiantang, senior official of the Development Research Center of the State Council, at the ceremony. opening.
He added that China would further harness the potential of the digital economy to enhance the high-quality development of the sector by strengthening basic research in software, chips, core components and accelerating the construction of infrastructure in the industries. 5G networks, large data centers and the industrial Internet. .
Data showed that in October, China’s industrial value added above the designated size increased 3.5% year-on-year, 0.4 percentage points higher than the previous month.
At the same time, the added value of high technology and equipment manufacturing increased by 14.7% and 4.7% respectively year-on-year.
The Chinese manufacturing sector has faced various difficulties and challenges, and it has maintained a momentum of recovery, with further strides in high-quality development, said Xin Guobin, vice minister of industry and technology. information, during the opening ceremony.
“The development of the manufacturing sector has strongly supported the steady growth of the Chinese economy and has made an important contribution to the recovery of the world economy,” Xin said.
The convention, covering an area of over 43,000 square meters, included various industrial seminars, business matchmaking events and exhibitions of new energy vehicles, smart manufacturing, imported products, among others.
The event provides a broad platform for further cooperation in global manufacturing and sustainable development, especially at a time when the global supply chain is hampered by the pandemic, said Christian Wulff, global president of the ‘Global Alliance of Small and Medium Enterprises.
In the future, China will accelerate the refinement of data transaction regulation and supervisory framework to cultivate new forms of data service and promote greater openness in the region, Ma said.
According to the organizing committee, the convention attracted 800 guests, including foreign diplomats, heads of relevant international organizations and senior executives from Global Fortune 500 companies.
In total, 1,752 projects with investments of 1,800 billion yuan (approximately 282 billion US dollars) were signed during the three previous agreements. More than 80% of them started construction at the end of October 2021.