Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Xinhua Silk Road Database
News for Outlets

​China's service-oriented manufacturing dev. on fast track, report

November 04, 2020


Abstract : China's service-oriented manufacturing has entered a stage of rapid development with east China gaining the best momentum, reported Shanghai Securities News Wednesday quoting a industrial index report.

139464060_16035174807031n.jpg

Workers assemble vehicles in a smart factory of Chang'an Kuayue Automobile Co., Ltd. in Wanzhou District, southwest China's Chongqing Municipality, Sept. 23, 2020. (Xinhua/Wang Quanchao)

BEIJING, Nov. 4 (Xinhua)-- China's service-oriented manufacturing has entered a stage of rapid development with east China gaining the best momentum, reported Shanghai Securities News Wednesday quoting a industrial index report.

The index report on regional develoment of service-oriented manufacturing industry was released by the China Service-oriented Manufacturing Alliance at the China Service-oriented Manufacturing Conference 2020 held Tuesday in Hangzhou, capital city of east China's Zhejiang Province.

According to the report, Zhejiang, Jiangsu, Guangdong, Sichuan, Fujian, Anhui, Liaoning, Yunnan, Hebei provinces and Shanghai Municipality are the top ten regions in terms of the 2020 service-oriented manufacturing regional development index.

Zhejiang ranks first in terms of industrial ecology, development achievements and degree of integration of service-oriented manufacturing by relying on its fast-growing new productive service industries and its advantages in digital economy, said the report.

Developing service-oriented manufacturing is conducive to coping with the impact of the COVID-19 pandemic, promoting the recovery and high-quality development of the manufacturing sector, and creating a more modernized industrial chain, said Wang Jiangping, vice minister of the Ministry of Industry and Information Technology (MIIT).

Service-oriented manufacturing is a new mode integrating manufacturing and service, an effective way to reshape the manufacturing value chain, and an important direction for manufacturing development, said Gao Xingfu, vice governor of Zhejiang at the conference.

He added that from January to September this year, the manufacturing network sales of Zhejiang exceeded 1.2 trillion yuan.

According to the China Service-oriented Manufacturing Alliance, 21 provinces in China have introduced supportive policies on service-oriented manufacturing, and 16 provinces in China have issued fiscal support policies to push up the development of the sector. (Edited by Gu Shanshan with Xinhua Silk Road, gushanshan.1987@163.com)

Scan the QR code and push it to your mobile phone

Keyword: China service-oriented manufacturing

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Identifying code Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial