"After the 18th National Congress of the Communist Party of China, my country's manufacturing industry has made great progress and is moving from the low-end of the traditional value chain to the high-end. The manufacturing industry has also undergone a major transformation from traditional price advantage competition to quality and performance advantage competition." Beijing Transportation Zhu Minghao, executive director of the University's China High-end Manufacturing Research Center, said in an interview with a reporter from China Trade News that as high-speed rail, power transmission and transformation, new energy vehicles, photovoltaics and other fields rank among the world's leading and advanced industries, participating in international competition , Striving for the global consumer market has become an inevitable choice for my country's high-end manufacturing industry.
The "White Paper on China's High-end Manufacturing Listed Companies 2022" (hereinafter referred to as the "White Paper") recently released by the China Association of Listed Companies shows that as of December 10, 2022, the number of listed companies in my country's high-end manufacturing industry has reached 2,121, accounting for 2,121 of the listed companies in the manufacturing industry. 65%, an increase of 69.7% compared to 1,250 at the end of 2017. The "White Paper" pointed out that the development of high-end manufacturing listed companies has many characteristics, and the gradual acceleration of overseas deployment in the past few years is one of them.
In this regard, Zhu Minghao believes that under the increasingly complex international situation, the deployment of high-end manufacturing enterprises in overseas countries is conducive to better attracting international talents, carrying out international technical cooperation, and realizing the industrial chain and supply chain "you have me and me There is you in China" global coordinated development. In addition, in recent years, the continuous increase in the global demand for minerals and energy has driven the expansion of construction machinery production capacity. my country's construction machinery companies are seizing this opportunity to go overseas to occupy the international market.
In his view, the overseas layout and development of my country's high-end manufacturing industry presents three characteristics: First, in Europe and the United States, R&D and technical cooperation are the main focus. Enterprises generally establish branch cooperation organizations to carry out technical cooperation and obtain internationally advanced products. secondly, to drive the equipment manufacturing industry to go overseas by general engineering contracting, such as high-speed rail equipment, hydropower equipment, etc.; thirdly, enterprises make reasonable use of international tariff characteristics, transportation characteristics, and labor characteristics to coordinate production capacity at home and abroad Layout to form complementary advantages.
According to the "White Paper", as of 2021, 23% of the operating income of my country's high-end manufacturing industry will be contributed by overseas business, and the proportion of overseas business income will continue to increase rapidly, and the growth rate will be significantly higher than my country's GDP growth rate and export value growth rate. Zhu Minghao said that this is firstly due to the development of all categories and systems of my country's manufacturing industry. China is the world's largest producer of manufacturing products. The manufacturing industry has strong resilience, rapid recovery, and high production capacity, which can meet the rapidly growing demand of overseas markets. Secondly, the gradual smoothness of the internal circulation has driven the smoothness of the external circulation, and the advantages of the benign development pattern of the two circulations are emerging. Most of my country's industrial chains have become independent from raw materials to parts, equipment, operations and services, and their international competitiveness is significantly better than that of many countries.
"The construction of my country's 'Belt and Road' is also injecting new impetus into the world economy. High-end manufacturing is going out along the 'Belt and Road' to accelerate market business expansion and industrial landing." Zhu Minghao said.
As a big manufacturing country, the manufacturing industry is the lifeline of our national economy, the foundation of a country and the foundation of a strong country. The high-end manufacturing industry is an advanced stage of industrialization development, which is of great significance to maintaining the vitality of the real economy and realizing the optimization and upgrading of the industrial structure. Jin Zhuanglong, minister of the Ministry of Industry and Information Technology, said in an interview with the media a few days ago that he "supports manufacturing companies to increase investment in high-end, intelligent, and green development." It can be seen that the transformation of the manufacturing industry from low-end to high-end has become a set trend, and "Made in China" is making great strides towards "Made in China".
This change is also reflected in the process of manufacturing going overseas. The "White Paper" shows that the structure of my country's export products is gradually changing, from labor-intensive products to advanced manufacturing products with high added value. "Made in China has maintained its price advantage while its product quality has also been greatly improved, and it has truly achieved high quality and low price." Zhu Minghao said, "From the perspective of product export structure, my country's photovoltaics, power batteries, new energy vehicles, power equipment , Construction machinery is becoming a strong competitor for export products, light industrial products are also changing to high value-added products such as smart home furniture and brand clothing, and new digital products have become a characteristic advantage of our country."
Looking ahead, opportunities and challenges coexist for the overseas development of high-end manufacturing. Zhu Minghao believes that, on the one hand, with the continuous popularization and application of digital and green technologies in my country's manufacturing industry, Chinese brands will better meet the needs of overseas users and gain a larger overseas market under the guidance of high-end digital products. At the same time, with the increasing global demand for Chinese products, my country's supply chain is in a historical window for going overseas. The global economy is also gradually recovering from the impact of the epidemic, and achieving economic growth is still the common pursuit of all walks of life, and market demand will further expand. On the other hand, challenges such as industrial localization operations, international patent competition, and technical trade barriers also have many unfavorable factors for high-end manufacturing industries going overseas.
"Overall, the overseas development of my country's high-end manufacturing enterprises is getting better and better. For example, under the leadership of the general contract of the Jakarta-Bandung High-speed Railway, the high-speed rail equipment has realized the overseas landing of the whole system, all elements, and the whole industrial chain, and relying on an excellent operating foundation Accelerate the occupation of the Southeast Asian market." Zhu Minghao said that in the new year, high-end manufacturing will further accelerate overseas sales, and the growth rate and proportion of overseas revenue of high value-added products of enterprises will continue to increase. In addition, the layout of overseas patents will become an inevitable choice for manufacturing companies, and the global low-carbon target will also bring continuous benefits to the export of photovoltaic and new energy automobile industries.