Economic transformation from "manufacturing" to "intellectual creation"

Abstract On April 1, the China National Bureau of Statistics Service Industry Research Center and the China Federation of Logistics and Purchasing announced that China's manufacturing purchasing managers' index (PMI) was 50.3% in March, and HSBC China announced March's PMI of 48%. Does not match, triggering the outside world for &ld...
On April 1, the China National Institute of Logistics and the China Federation of Logistics and Purchasing announced that China's manufacturing purchasing managers' index (PMI) was 50.3% in March, which was inconsistent with HSBC China's March PMI of 48%. It has raised concerns about the "China's economic slowdown."

From the historical data of PMI, the deviation between the official PMI and HSBC PMI appears quite frequently, mainly because the sample selection objects of the two sides are different. The National Bureau of Statistics considers the contribution of the industry and enterprises to GDP, the type of large and medium-sized enterprises, and the region in which they are located. The sample size is 3,000, which reflects the overall situation of the Chinese economy. The sample size of HSBC is more than 400. And concentrated in export-oriented enterprises and small and micro enterprises, mainly reflecting the development of SMEs.

Considering comprehensively, the quality and stability of China's economic growth have improved significantly in March, which means that “stable growth, structural adjustment, and benefit for people's livelihood” have been greatly improved. Of course, this is due to the acceleration of the reform of the industrial and commercial registration system, the improvement of the investment environment and business environment of small enterprises, and the enthusiasm for investment in the private economy; the expansion of the pilot camp and the further improvement of policy measures, to a certain extent Reduced the burden on the business. The dividends released by these policy measures have played a good role in promoting the development of emerging enterprises such as small businesses.

Let's take a long-term view. Last year, for the Chinese manufacturing industry, the first half of the decade was decadent, and then the second half of the rebound. Over the years, the country's determination and actions in the transformation of the real economy have led to huge changes in the manufacturing industry: from labor-intensive to low-end processing to today's mid-to-high-end output, more and more people have discovered that traditional shoes and hats, etc. Among the products, the name “Made in China” is decreasing, but in the mid-to-high-end market such as construction machinery and electronic products, there are more and more “Made in China”.

Of course, for a long time, China has played more as a manufacturer than a creator and designer in the division of labor in the global industrial chain. This also caused the reality that “Made in China” is spread all over the world, but the overall profit of the real economy is not high. Some people say that the Chinese industry is like a smile curve in the international division of labor. One end is the development of R&D, patents, and brand standards. The other end is marketing and service. The two added value is high, the middle is processing and manufacturing, and the added value is low. A large number of companies are concentrated in the middle.

At present, the major developed countries experiencing the international financial crisis are re-examining the significance of developing the real economy. The US manufacturing industry wants to regain its cost advantage, and the extremely low labor costs of Southeast Asian countries such as Vietnam are gradually increasing. In this context, far lower than the labor productivity of the United States and Europe and the manufacturing costs far higher than Southeast Asia, forcing "Made in China" to find new power points as soon as possible. In addition to expanding domestic demand and opening up new markets in the world, what is more important is that manufacturing must move from low-end OEM production to high-end “intelligence”. Because the national real economy continues to develop, it needs the transformation and upgrading of the manufacturing industry, bringing new vitality and motivation.

China has built the world's fastest supercomputer, sent astronauts into space, and developed the Beidou satellite navigation system. "Innovation with Chinese characteristics" has played a leading role in national development and progress. Recently, the China Academy of Science and Technology Development Strategy released the National Innovation Index Report 2013. The report shows that China's innovation capability has steadily increased, and the National Innovation Index ranks 19th among 40 major countries. China's R&D expenditure reached 1,029.84 billion yuan, ranking third in the world. High-tech industry exports accounted for the largest share of manufacturing exports in the world, and the value-added of knowledge service industry ranked third in the world. It can be seen from the creation and application of intellectual property in the country that the application for Chinese invention patents has surpassed the United States for three consecutive years and is ranked first in the world.

Facts have proved that in the process of economic transformation, the Chinese government attaches more importance to "Made in China" while paying more attention to "China's intellectual creation", supporting the research and development of industrial core technologies in policy, and accelerating the transformation of scientific research results. More and more " "Made in China" is gradually transforming into "China's wisdom."

In the eyes of foreigners, the impression that the Chinese market has brought to people for a long time is like a “big factory” that produces and processes products for global companies. Various products that are labeled “Made in China” go from here to overseas. In the market, there is hardly anything with independent creativity and leading edge. But today, this situation has begun to change. We can proudly say that we can produce high-quality "Made in China" and create a unique "China-made wisdom."

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