China's economic growth is weak during the first three quarters

The Internet is dual-created by China in 2025. Combining industrial innovation with each other will create a 'new industrial revolution.' When Chinese Premier Li Keqiang pointed out that industrial growth is sluggish, he should change his thinking on development.

"'Internet dual creation of Chinese manufacturing 2025', combined with each other for industrial innovation, will give birth to a 'new industrial revolution', when the Chinese State Council Prime Minister Li Keqiang pointed out that industrial growth is sluggish, it should change the development of ideas.

In the first three quarters of this year, the growth rate of China's industrial added value went down quarter by quarter, and corporate profits and industrial ex-factory prices rose to zero or negative growth. The manufacturing purchasing managers index was below the Ronghe line for three consecutive months, and there was a serious excess of production capacity in the steel and cement industries. The economic data has already witnessed what is "poor growth."

"China is in the mid-to-late transition period of industrialization, and the decline in potential growth rate is an inevitable phenomenon," Huang Qunhui, director of the Institute of Industrial Economics of the Chinese Academy of Social Sciences, said in an interview with the China News Service. However, it is necessary to achieve economic development. For sustainable development, the key is the need for transformation and upgrading of traditional industries, and to find new driving forces for development.

Recalling the history of global industrial development, the steam engine gave birth to the first industrial revolution, and electricity gave birth to the second industrial revolution. In the 1970s, innovation in the field of information technology and new energy led the third industrial revolution. Li Keqiang said at the State Council executive meeting on the 4th that after the three industrial revolutions of mechanization, electrification and informatization, China is ushering in a "new industrial revolution" of information networking.

"The Internet technology has undergone profound changes in the past few years," said Jiang Qiping, secretary-general of the Information Research Center of the Chinese Academy of Social Sciences, in an interview with the reporter. The Internet of Things, mobile broadband, and IPV6-based protocols are based on CPS (Geographic Information System). The development of next-generation networks such as fixed networks will enable the development of the ubiquitous networks that connect people and people to connect people, things and things, which will profoundly change the economic structure.

Jiang Qiping believes that the historical significance of the next-generation network can even be compared with Columbus' discovery of the New World. Just as land is for agriculture and machinery is for industry, the combination of the next-generation network and the real economy will have a huge new driving force for industry.

In the past half year, China has made policy reserves for this “new industrial change”. For example, in May this year, China Made 2025 was released. The direction of smart manufacturing identified in this document is precisely the direction of traditional industry and information technology. The "Internet +" action plan released in July covers the integration of public life, corporate production, public services, and government management with the Internet. In June, the guideline of "mass entrepreneurship and innovation" was to use the Internet to promote industry. Corporate innovation.

At the International Industry Fair held in Shanghai, Haier’s smart factory showcased a mass customization of smart manufacturing. Its "Tian platinum" air conditioning is initiated by the user and involved in the interaction, design, and production of the user through the entire process to achieve a seamless, visual experience. It is also one of the essentials of intelligent manufacturing or industry 4.0.

However, the process of industrialization in China is uneven, and smart manufacturing like Haier is still a minority. As Zhu Shengdi, vice president of the China Federation of Industrial Machinery Industry, said, there is a coexistence of Industry 2.0 (electrification), 3.0 (automation, digitization) and 4.0 (intelligence) in China. The current major task of China is to make up for 2.0 classes, 3.0 for popularization, and 4.0 for demonstration.

In response to supplementary classes, popularization, and demonstration, the State Council Executive Committee on the 4th made clear three policy measures for transformation and upgrading. First, financial funds mainly supported the key areas of "Made in China 2025" and technological transformation of enterprises; the second was the use of "Internet +" construction. Innovation platform; third is to promote the transformation and upgrading of the consumer goods industry.

“These measures will have a long-term effect on industrial transformation and upgrading,” said Huang Qunhui. For example, “Made in China 2025” has identified ten key development areas, including a new generation of information and communication technologies, high-end CNC machine tools and robots, and aerospace, etc. The integration with information technology will boost the industry into the high end of the industrial chain and value chain, and truly achieve "big and strong."

At the same time, Huang Qunhui believes that these measures will also have an active role in the industrial economy in the short term. Whether it is the support for key projects or the investment in the Internet + communications infrastructure, it will help increase fixed-asset investment in the short-term and thus stimulate economic growth.

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