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Industry

China promotes digital economy to activate new quality productivity

January 13, 2024


Abstract : China has been promoting the transformation and upgrading of the real economy to the direction of digitalization, networking and intellectualization, and helping thousands of industries to enhance productivity and reduce costs.

BEIJING, Jan. 13 (Xinhua) -- China has been promoting the transformation and upgrading of the real economy to the direction of digitalization, networking and intellectualization, and helping thousands of industries to enhance productivity and reduce costs.

In South China’s Fujian Province, the industrial internet is becoming an important tool for enterprises in the province to reduce costs and improve efficiency.

The 5G smart factory jointly built by China Unicom Fujian Branch and apparel maker 361 Degrees could collect and display all kinds of production data, such as annual production plan, quarterly order analysis, daily production capacity and qualification rate, at its digital operation center.

“When the qualification rate of a workshop is lower than the expected value, the digital operation center will send out alerting signal and we will send people to check and adjust the corresponding production line in time,” a staff told reporters.

The system improves the efficiency of production and delivery, and supports the company to achieve its annual target in advance with quality and quantity guaranteed, the staff said.

“Companies are not reluctant to upgrade digitalization any more. They are in urgent need to catch up with the digital economy, and are considering how to transform as fast as they can,” said Sun Zhenzhou, president of China Unicom (Fujian) Industrial Internet Research Institute.

In Leshan, a city in southwest China’s Sichuan Province, PetroChina Southwest Oil and Gas Field has built the nation’s first gas leak-free demonstration area, where methane leakage and corrosion of pipes can be detected via remote control devices.

With the support of the four-dimensional space-time elements of Beidou at the demonstration area, we can deploy other advanced technology, such as digital twins in an easy way, said Wang Fei, deputy director of the PetroChina Southwest Oil and Gas Field Pipeline Management Department.

China’s Central Economic Work Conference in 2023 pointed out that financial institutions are encouraged to increase their support for scientific and technological innovation, green transformation, inclusive micro-economy and digital economy. According to industry experts, artificial intelligence, block chains, meta-universe will usher in a boom cycle in 2024 and fully empower traditional industries, such as transportation, medical, retail and catering industries. (Contributed by Hao Jing)

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Keyword: digital economy

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