High-end Equipment Manufacturing | investinchina.chinadaily.com.cn

High-end Equipment Manufacturing

investinchina.chinaservicesinfo.com Updated: Jun 12, 2023
[Photo/VCG]

The high-end equipment manufacturing industry encompasses multiple sectors, including aerospace, high-speed railways, nuclear power, large-scale hydraulic equipment, marine engineering equipment, and new energy, among others. These industries are strategic emerging industries of national importance, characterized by high technological barriers, long industrial chains, and significant capital requirements.

In 2022, the output value of China's high-end equipment manufacturing industry reached 21.33 trillion yuan ($3.30 trillion). It is projected to approach 40 trillion yuan ($289.7 billion) by 2024. With the improvement of supporting industries in recent years, the industrial chain has become more mature, forming a super-sized industry chain. The large-scale industry chain amplifies the development momentum and facilitates cooperative growth.

As technologies such as 5G, artificial intelligence, cloud computing, and the Internet of Things continue to iterate, digital transformation and intelligent manufacturing have become powerful driving force for innovation, continuously unlock development space for the transformation and upgrading of traditional equipment manufacturing industries.

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High-end Equipment Manufacturing

investinchina.chinaservicesinfo.com Updated: Jun 12, 2023
[Photo/VCG]

The high-end equipment manufacturing industry encompasses multiple sectors, including aerospace, high-speed railways, nuclear power, large-scale hydraulic equipment, marine engineering equipment, and new energy, among others. These industries are strategic emerging industries of national importance, characterized by high technological barriers, long industrial chains, and significant capital requirements.

In 2022, the output value of China's high-end equipment manufacturing industry reached 21.33 trillion yuan ($3.30 trillion). It is projected to approach 40 trillion yuan ($289.7 billion) by 2024. With the improvement of supporting industries in recent years, the industrial chain has become more mature, forming a super-sized industry chain. The large-scale industry chain amplifies the development momentum and facilitates cooperative growth.

As technologies such as 5G, artificial intelligence, cloud computing, and the Internet of Things continue to iterate, digital transformation and intelligent manufacturing have become powerful driving force for innovation, continuously unlock development space for the transformation and upgrading of traditional equipment manufacturing industries.

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