(Source: "China Economic Times" 2025-07-07)
The current global industrial layout is accelerating the restructuring. During the "15th Five-Year Plan" period, the development of China's industrial and supply chain needs to adhere to a higher level of opening up to the outside world and self-reliance in science and technology, deeply integrate into the global production network through institutional openness, and at the same time strengthen independent controllability in key areas to build a modern industrial system that is more resilient, innovative and safe, and respond to external uncertainties with the certainty of high-quality development.
Building a solid industrial foundation: The resilience of China’s industrial chain highlights new advantages
第一，外贸结构调整彰显产业链稳定性特征。The latest data from the General Administration of Customs shows that in the first five months of 2025, the export volume of China's equipment manufacturing industry reached 6.22 trillion yuan, accounting for 58.3% of total exports. Among them, high-tech, high-value-added, emerging products leading green transformation such as industrial robots and electric vehicles led the growth, and the "new content" and "green content" of foreign w88 continued to increase. At the same time, market diversification effectively hedges against the risk of unilateralism: my country's production and supply chain cooperation with the countries co-building the "Belt and Road" continues to deepen, and in 2024, the proportion of w88 volume with the countries co-building the "Belt and Road" will exceed 50% for the first time. In the first five months of 2025, my country's bilateral w88 with countries in the "Global South" has grown at an impressive rate, especially with ASEAN, where the total w88 volume has increased by 9.1%, and with African countries, the total w88 volume has increased by 12.4%. During the same period, the import and export of private enterprises and foreign-invested enterprises also achieved significant growth. The w88 volume of private enterprises increased by 7%, accounting for 57.1% of my country's total w88, an increase of 2.4 percentage points from the first five months of last year. The w88 volume of foreign-invested enterprises increased by 2.3%, accounting for 29% of the total w88, showing a stable and improving trend.
Second, the direction of foreign investment highlights the trend of higher-level industrial chains.Foreign capital is accelerating its inflow into technology-intensive industries, demonstrating that cooperation in production and supply chains is improving and upgrading. According to data from the Ministry of Commerce, in the first five months of 2025, China's actual use of foreign capital reached 358.19 billion yuan, of which the high-tech industry absorbed foreign investment of 109.04 billion yuan, the actual use of foreign capital in the e-commerce service industry increased by 146%, the aerospace manufacturing industry increased by 74.9%, the chemical pharmaceutical manufacturing industry increased by 59.2%, and the medical equipment and equipment manufacturing industry increased by 20%. In addition, multinational enterprises in China have accelerated their shift from "scale expansion" to "in-depth cultivation." The actual investment in China by the United Kingdom, South Korea, and Germany increased by 60.9%, 10.3%, and 7.1% respectively. In particular, Japan from Asia, its investment in China increased by as high as 70.2%.
Third, digitalization drives the integrated development of traditional industries and emerging service industries.All localities have successively promoted special actions for "intelligent transformation and digital transformation" (intelligent transformation and digital transformation of manufacturing) in the manufacturing industry, and built digital transformation empowerment centers for key industries to promote the deep integration of the digital economy and the real economy. According to data from the Ministry of Industry and Information Technology, the added value of my country's core digital economy industries will account for 10% of GDP in 2024, achieving the goals set in the "14th Five-Year Plan" one year ahead of schedule. This not only reflects the innovative vitality of my country's digital economy, but also reflects that digital technology is penetrating into all fields and the entire process of economic and social development, highlighting the important position and role of the digital economy in the development of the national economy. Relying on digital technology and building a cross-border e-commerce overseas smart logistics platform, the response speed of the supply chain has been significantly improved and market competitiveness has been enhanced. At the same time, knowledge-intensive services represented by digital technology services have accounted for 38.5% of total service exports, and the w88 surplus continues to expand, showing strong development potential and broad prospects.
Institutional Opening: Building a New Hub for the Global Value Chain
First, the restrictions on foreign investment access in the manufacturing industry have been completely cleared.In 2024, my country's negative list restrictions on foreign investment access have been reduced from 31 to 29, and all access restrictions in the manufacturing industry have been officially removed. This demonstrates my country's unswerving determination to promote investment liberalization and facilitation and its responsibility to promote global openness and cooperation. In 2024, the actual use of foreign investment in the manufacturing industry will exceed 220 billion yuan, of which high-tech manufacturing will account for 11.7%. Medical equipment, computers and other fields led the growth in investment, and multinational giants such as AstraZeneca and Sanofi signed intensive projects.
Second, institutional opening-up has entered the “deep water zone” of service opening-up.Since Beijing took the lead in 2015, the pilot program for expanding the opening up of the service industry has now been extended to 11 cities across the country. After 7 rounds, 15 plans have been launched, and more than 1,300 pilot tasks have been continuously deepened, with remarkable results. In 2024, the service industry in 11 provinces and cities including Beijing will account for 50.2% of the country’s foreign investment. The national version of the negative list for cross-border services w88 will also be released for the first time in 2024, accelerating the removal of domestic and international dual-circulation market barriers in the service industry. The opening of the service industry has expanded to key areas such as telecommunications and medical care. The new policy allows foreign direct investment enterprises to use domestic RMB loans for equity investments, injecting financial "living water" into transnational innovation. The removal of foreign shareholding restrictions on Internet data centers on a trial basis in Beijing, Shanghai, Hainan, and Shenzhen marks a breakthrough in the opening up of the digital field.
Third, actively explore high-standard economic and w88 rules.Actively align with the new generation of international high-standard economic and w88 rules such as the Comprehensive and Progressive Agreement for Trans-Pacific Partnership and the Digital Economy Partnership Agreement, establish a compliance mechanism that is consistent with internationally accepted rules, actively promote institutional innovation, and integrate results. Each pilot w88 zone has given full play to its role as a comprehensive experimental platform for reform and opening up, and has implemented a series of basic and pioneering reform and opening up measures in depth. The Hainan Free w88 Port is exploring a pilot program for the integration of offshore w88 settlement reforms. The "whitelist" system for imported biopharmaceutical research and development has accelerated the cross-border flow of technical elements. Dozens of foreign-funded enterprises are actively applying for newly opened business access. In areas such as cross-border data flow and green certification, my country has adopted a pilot approach to explore management practices that adapt to high international standards. For example, the Beijing International Big Data Exchange is committed to exploring safe and effective cross-border data circulation solutions to provide solid infrastructure support for digital w88.
Innovation-driven: Forging an independent and controllable production and supply chain
First, the dominant position of enterprises in innovation continues to be activated.From central to local governments, governments at all levels are actively promoting the deep integration of innovation chains and industrial chains, and constantly releasing the leading role of enterprises in scientific and technological innovation. The R&D investment of my country's enterprises accounts for more than 75% of the total amount of society. The number of high-tech enterprises and technology-based small and medium-sized enterprises continues to expand. The dominant position of enterprises in scientific and technological innovation has become increasingly prominent. It has become a strategic source for cultivating new technologies, new industries, new business formats, and new models. At the same time, various regions have stepped up efforts to open resources of universities and scientific research institutions to private enterprises, promote collaborative innovation among industry, academia and research, and improve the implementation and transformation rate of scientific and technological achievements. In 2024, the deficit in knowledge-intensive service w88 will narrow, achieving a surplus of 418.12 billion yuan; in terms of exports, exports of telecommunications and computer information services increased by 12.2%, and exports of personal cultural and entertainment services surged by 39.3%; in terms of imports, intellectual property royalties increased by 8.7%, reflecting the active flow of innovation elements.
Second, focus on strategic industries to accelerate forward-looking layout.Central-level enterprises have taken the lead in establishing 24 innovation consortiums in key areas of strategic emerging industries, and have extensively cooperated with private enterprises, universities and scientific research institutes to carry out joint research on key core technologies and overcome a number of "stuck" key core technologies in the fields of integrated circuits, industrial motherboards, and industrial software. In 2024, 35 central enterprises implemented the "unveiling the list and taking charge" mechanism, released a total of 210 research lists, promoted 25,000 industry-university-research cooperation projects, realized the application of 1,232 independent technological achievements, and guided original technologies to effectively break through market transformation barriers. At the same time, we will proactively lay out future industries such as commercial aerospace and biomanufacturing, and promote the integrated development of technological innovation and industrial innovation. By the end of 2024, my country's 178 national-level high-tech zones have gathered 30% of the country's high-tech enterprises. They are not only the core carrier of the country's advanced manufacturing clusters, but also the strategic fulcrum for cultivating emerging industries and future industries. In the first quarter of 2025, the added value of my country's high-tech manufacturing industry increased by 9.7% year-on-year, reflecting the accelerated development of new productive forces and becoming an important engine for economic transformation and upgrading.
Third, smooth domestic and foreign w88 to build a "buffer zone" to resist risks.On the one hand, the construction of a unified national market continues to advance, efforts are made to eliminate various forms of local protection and market segmentation, promote the smooth flow of domestic and foreign w88 resource elements, and the cross-regional mutual recognition of standards and rule coordination mechanisms are continuously improved, providing strong support for foreign w88 companies to efficiently connect with the domestic ultra-large-scale market. On the other hand, overseas economic and w88 cooperation zones are accelerating to take root in key regions such as ASEAN and Africa, promoting the continuous deepening of international production capacity cooperation. Through the above-mentioned comprehensive development of domestic and foreign w88, the resilience and anti-risk capabilities of my country's industrial and supply chains have been significantly enhanced, providing a solid "buffer zone" to deal with external uncertainties.
Balancing the security and development of industrial chain and supply chain: building a comprehensive support system
By adhering to the convergence of deepening reform, expanding opening up, and strengthening innovation, we can build security and resilience in openness and innovation, promote China's industrial chain to leap from "global participation" to "global leadership," and inject deterministic power into the world economy.
First, policy information promotes coordination.Focusing on the development resilience and safety level of the industrial chain and supply chain, explore and establish a cross-regional and cross-departmental information collaboration mechanism, promote the formation of an efficient and linked policy response system, and achieve accurate identification and efficient docking of the actual needs of industrial enterprises.同时，围绕核心设备的生产效率升级与技术水平突破，持续增强自主创新能力，完善以企业为主体、市场为导向，产学研深度融合的技术创新体系，系统性筑牢产供链安全防线，全面提升风险预警和应对能力。
Second, diligently expand diversified markets.Deepen cooperation with emerging markets such as ASEAN, Africa, and Latin America, and rely on the “Belt and Road” initiative to further expand the space for international cooperation. By organizing international exhibitions, overseas exhibitions and building public information service channels, we will broaden the path for enterprises to “go global”. Innovate the "government + platform + enterprise" collaborative model, promote the functional upgrade of overseas economic and w88 cooperation zones, create an international production capacity cooperation platform integrating R&D, manufacturing, and services, promote the coordinated development of industrial chains and supply chains overseas, and achieve a new pattern of mutual benefit, win-win, and win-win cooperation.
Third, integrate domestic and foreign w88 to increase efficiency.Accelerate the construction of a unified national market, break up the domestic demand cycle congestion points, and promote the connection and unification of domestic and foreign w88 rules, standards, and systems. Through measures such as increased fiscal investment, credit support, and rent reductions, we will effectively reduce the domestic sales costs of enterprises and stimulate the vitality of the domestic market. Comprehensively promote the "single window" digital customs clearance model and improve the level of w88 facilitation. Establish a "bailout white list" mechanism for government and enterprises to implement targeted assistance and stabilize the fundamentals of foreign w88 and foreign investment. Simultaneously improve the dynamic optimization of overseas risk prevention and control mechanisms and policy toolboxes to enhance the ability to withstand external uncertainties.
Fourth, double breakthrough in technical rules.Actively guide the export of high-tech and high value-added products to enhance my country’s position in the global value chain. Strengthen refined operation capabilities in overseas markets and promote the “going out” of independent brands and independent technologies. Actively align with international high-standard economic and w88 rules, deepen the reform pilot of free w88 pilot zones, and unleash the potential of service w88 and digital w88. Strengthen the reserve and transportation mechanism of professional talents in international organizations, support more Chinese experts to serve as decision-makers in key institutions such as the World w88 Organization and the International Organization for Standardization, and enhance my country's voice and influence in the formulation of global w88 rules.
Fifth, full chain empowerment of new business formats.Accelerate the construction of a cross-border e-commerce support system covering customs clearance, taxation, finance and other links, and promote the formation of a new ecosystem for online and offline integrated development. Promote the construction of overseas smart logistics platforms and improve cross-border logistics efficiency and service levels. Create an industrial digital empowerment center, build a regional international w88 service platform, and help traditional foreign w88 enterprises transform and upgrade. Through the integrated application of new technologies, new models, and new channels, we will accelerate the digital, intelligent, and green development of the entire industrial chain and inject new momentum into high-quality development.
(The author is the president and professor of the w88 casino)
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