Chinese manufacturing helps in global recovery

JINAN－At Goertek's intelligent manufacturing base in Weifang, Shandong province, tons of components are assembled into virtual reality equipment to be delivered to different countries.

As said by Chang Gang, vice-president of marketing and sales of Goertek Inc, the company is one of the few VR manufacturers globally to reach a production scale of 1 million sets. It is also one of the largest manufacturers of mid and high-end VR headsets.

Goertek is the epitome of China's advanced manufacturing industry. At the 2022 World Advanced Manufacturing Conference, which closed on Friday in Jinan, Shandong province, enterprises and experts gathered to discuss frontier issues in global advanced manufacturing development.

The steady growth and upgrading of China's manufacturing industry brings certainty to the global economy, experts say.

Data from the Ministry of Industry and Information Technology showed 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 the advanced manufacturing industry, promoting its march into the middle and high-end of the value chain.

Take China's domestic diesel engine as an example. The thermal efficiency of diesel engines made by Weichai Holding Group Co Ltd has now exceeded 51 percent. Compared with earlier products in the market, annual fuel consumption and carbon dioxide emissions of this engine type have been reduced by 10 percent.

Ban Ki-moon, former secretary-general of the United Nations, said through a short video at the conference that the manufacturing industry underpins China's sustainable development and economic growth. He said it has contributed to the achievement of sustainable development goals set by the United Nations.

Zhang Li, head of the China Center for Information Industry Development, believes the deep integration of new-generation information technology now penetrates all aspects of advanced manufacturing.

Frontier technology clusters formed by areas like artificial intelligence, mobile internet and blockchain will continue to promote integration and development in many fields.

Common opinion at the conference was that economic globalization is an irreversible trend, and openness and cooperation are the right paths for developing the advanced manufacturing industry.

According to the Ministry of Industry and Information Technology, China will continue to pursue high-level opening-up of the manufacturing industry and improve its business environment. At the same time, the country will also encourage domestic enterprises to strengthen international cooperation, integrate into the global industrial chain and help boost global economic growth.

Xinhua