Translation Tag: manufacturing
In this January 2024 interview, head of the Ministry of Industry and Information Technology Jin Zhuanglong outlines China’s strategy for “new industrialization.” Jin emphasizes the importance of upgrading advanced manufacturing through integration of cutting-edge technologies, consolidating China’s leadership in emerging strategic sectors in which it has an advantage, and supporting small firms that might be benefited by application of AI and other technologies in their production methods.
This lengthy piece outlines the underlying logic behind China’s new industrial upgrading policy, dubbed “new industrialization.” Jin Zhuanglong, head of the Ministry of Industry and Information Technology, lays out what he sees as key accomplishments and challenges for China’s industrial system going forward. Jin details steps Beijing will undertake to advance the manufacturing sector, emphasizing the need to better integrate and synergize technology innovation, digitalization, and industrial upgrading.
Guo Kai, the executive president of CF40, a think tank focusing on finance and economic issues, argues that the problem of overcapacity is being used in the U.S. to drive election politics, rather than being viewed purely as an economic concern. Domestically, he attributes overcapacity as a negative externality to China’s rapid manufacturing growth, and makes several policy recommendations to address the issue.
This is a news report of a January State Council meeting, where rural revitalization, regulation of the food delivery industry, and capital market regulation were discussed. Alongside these topics, the State Council emphasized the need to better integrate artificial intelligence (AI) in manufacturing. This signals focus at senior leadership levels on the role AI can play in China’s bid to become an advanced manufacturing powerhouse.
Lu Feng, a Peking University professor, argues a closed-loop domestic integrated circuit (IC) supply chain is urgently needed in the face of U.S. and allied technology controls. He suggests Beijing advance this goal by encouraging Chinese enterprises in the field to buy from and sell to each other – decisions that, Lu argues, will be made easier by U.S. technology controls. Lu also suggests China play to its strengths and use its expansive market as a source of leverage to influence the scope of such controls.
This piece from the U.S. studies program at Ministry of State Security-linked think tank China Institutes for Contemporary International Relations argues that the Ukraine war heralds the end of the post-Cold War order. The article argues the United States has been the biggest beneficiary of the war so far, leveraging the crisis to strengthen its alliance network and fight a proxy war with Russia. The authors of the report warn countries in Asia to remain vigilant to what they describe as U.S. efforts to preserve and expand its hegemony in ways that might destabilize the region.
The CCP Politburo holds “study sessions” on a semi-regular basis, in which an outside academic or government expert leads a discussion on a selected topic. Such sessions are important signals as to what issues the senior leadership finds important. The second study session of the 20th Central Committee Politburo was held on January 31, 2023, and was presided over by Xi Jinping. The session focused on themes related to China’s economic development, such as dual circulation, economic security and self-reliance, and rural-urban divides.
A former official at the China Securities Regulatory Commission encourages China to develop its own financial model in order to avoid the pitfalls of the U.S. model. He argues against excessive financialization, in order to avoid harming the development of the real economy.