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Improve Product Quality And Help Promote China Manufacturing Upgrade

Date:18/02/2020   View: 341   Tags: Manufacturing Upgrade
First, improving product quality will help promote China's manufacturing upgrades and build a new economic engine. In the past when the economy was in short supply, as long as the company produced the product, it would not worry about selling it. As a result, the company became eager for quick success and disregarded the improvement of quality, leading to the manufacture of China becoming synonymous with low-end products. Entering the stage of surplus economy, competition among enterprises is becoming increasingly fierce, and manufacturing production costs are rising, making China's manufacturing industry facing challenges. Therefore, it is necessary to speed up the use of the market's repulsive effect to promote quality and efficiency improvements in Chinese manufacturing, strengthen consumer confidence, and promote consumer economic growth.

Second, improving product quality is an important starting point for promoting supply-side reforms and guiding market demand. At present, China's wave-type consumption phase is gradually ending, and a personalized and diversified consumption model is on the rise. At this time, it is particularly urgent to improve product quality. Only by starting from the supply side and producing excellent products can we truly adapt to the changing direction of Chinese consumer demand.

Third, the introduction of domestic brands, allowing people to spend money in the country, can activate domestic consumption potential. According to the statistics of the website of the Bureau of Statistics, the contribution rate of consumption to economic growth in 2015 was 66.4%, an increase of 15.4 percentage points over the previous year. Although the role of consumption in stimulating the economy has increased, the "sea amoy" that has risen in recent years has surprisingly found that trillions of funds flow into foreign countries to purchase goods every year. When exports become colder and investment functions decline, how to retain domestic funds and awaken domestic consumption potential is undoubtedly a question worth pondering.

In discussing this issue, the Chancellor cited the examples of Germany and the United States. "Germany's" Industry 4.0 "is mainly 'manufacturing + Internet', while the United States is more 'Internet + manufacturing'. Although their methods and paths are different, they all need to improve the level of manufacturing. "Both have their own characteristics. To move toward an industrial power, we must absorb more of these experiences."

"A big feature of the Internet is 'gathering the wisdom of all.' Looking for solutions through the Internet can save a lot of manpower and intelligence." Li Keqiang said, "This is the only way for the development of modern industry."

The Prime Minister emphasized that promoting the development of manufacturing innovation requires not only innovation by large enterprises, but also collaborative innovation by large enterprises and SMEs. Local governments should support manufacturing enterprises to build Internet-based "double innovation" platforms, and rely on new industrialized industry demonstration bases and economic and technological development zones to build "double innovation" demonstration bases. Telecom companies need to further speed up and reduce fees for broadband access to "double innovation" bases.

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