'Internet Plus' empowers China's manufacturing
- By Zhang Jingwei
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E-mail China.org.cn, January 16, 2016
In March 2015, Chinese Premier Li Keqiang proposed the Internet Plus initiative, a drive aiming to integrate the Internet with traditional industries while encouraging entrepreneurship and innovation. An Internet Plus guideline maps development targets and supportive measures for sectors which the State Council hopes can establish new industrial models.
On May 19, the State Council issued "Made in China 2025" plan and released a guideline to further boost mass entrepreneurship and innovation in June. With systemic reforms introduced in capital and the market, China is ready to stimulate its huge market of 1.3 billion participants and reshape its industries.
High-end manufacturing is crucial to securing a country's competitiveness. China lacks the core technologies of independent knowledge property rights. It needs to urgently nourish cutting-edge technologies and competitive industries. The country's high-speed railway technology could be used as an example.
With half of the Chinese population gaining access to the Internet and the boom of the mobile Internet, the Internet Plus strategy is pivotal for China's industrial upgrading. As for the macro-economy, e-commerce, derived from the Internet Plus strategy, has tremendously vitalized the consumer market. The tertiary industries have made more contributions to China's macro-economy than the primary industries or the secondary industries. It is noteworthy that the contribution rate of the Internet industry, categorized as a tertiary industry, is around 7 percent, surpassing that of the United States.
Besides the contribution to China's real economy, the Internet industry has tremendously enlightened the people. The traditional lifestyle and mindset was changed and innovation was inspired. The Internet is becoming the incubator of China's innovation, and the Internet Plus strategy has become the representative of China's new productivity, and the country's increasing soft power.
Chinese manufacturing will obtain more market space as Chinese capital and industries go global via the "Belt and Road" initiative. And more dividends and vitality are expected to emerge as a result of pilot free trade zones.
Core technologies and cutting-edge industries are important in creating new engines for economic growth. Utilizing the Internet Plus drive to upgrade its industries, especially manufacturing, is China's urgent mission.
Zhang Jingwei is a researcher of the Charhar Institute.
The article was translated by Fan Junmei. Its original version was first published in Chinese.
Opinion articles reflect the views of their authors, not necessarily those of China.org.cn.
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