Читать книгу Global Manufacturing and Secondary Innovation in China - Xiaobo Wu - Страница 22

● Tremendous changes have taken place in the international manufacturing landscape. Global resources are facing a restructuring of reallocation and integration.

● An evolving new global market and a potential overseas market are developing and to be developed with the implementation of the Belt and Road Initiative.

● Opportunities for technological catch-up are enabled by the deep integration of information and manufacturing technology.

● The huge consumption demand brought by the sustained growth of domestic market and urbanization process will be the internal growth driver and strong support for the overseas expansion of China’s manufacturing industry.

● Governments actively participate to issue supporting policies to incentivize companies’ independent R&D and overseas expansion.

Specifically, the new globalization that is sweeping the world now brings about two major opportunities to China’s latecomer companies to accelerate technological innovation.

Firstly, the urbanization and consumption upgrading have brought the rapidly growing domestic market demand. In 2015, the urbanization rate in China reached 56.1%, and the urban population increased by 20 million people^①. By estimation, consumer demand will increase by more than RMB 10,000 yuan when a rural resident is converted to urban resident. Hence, 20 million of rural residents entering the cities would create a consumption demand of RMB 200 billion yuan. On the other hand, with the increase of residents’ income, the consumption structure has been upgraded with an orientation to advanced consumption of food, use, housing and transportation, increasing from RMB 100 yuan level, RMB 1000 yuan level, to RMB 10,000 yuan level and even RMB 100,000 yuan level. The consumption policy in China is also steered to encourage greater consumption. Therefore, China’s manufacturing industry can tap into this massive and growing billion-level market. It’s an unprecedentedly huge opportunity that no country has ever met in the process of modernization. With this vast marketplace, China’s manufacturing industry is more likely to produce scale economy effect, lower R&D costs and achieve industrialization.

Secondly, this new round of scientific and technological revolution has provided China’s manufacturing industry with a strategic opportunity to catch up and accelerate the structural upgrade. Currently, the world has entered into an era of intensive innovation and rapid development of emerging industries. A new round of scientific and technological revolution is being actively incubated. In the past three revolutions of science and technology, China had always been a follower. However, China is now actively leading the technological innovations dominated by new energy, information science and biomedicine. Based on the matured conventional technologies accumulated over the past 30 years of development, China’s manufacturing industry is closer than ever to becoming a world leader in terms of technological foundation and R&D capabilities. If China’s manufacturing industry can seize this technological revolution opportunity, it will be able to catch up with developed countries in a number of important areas and become a leader in industrial development.