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Web of Proceedings - Francis Academic Press
Web of Proceedings - Francis Academic Press

Innovation-driven Dynamic Mechanism and Strategic Analysis of Transformation and Upgrading of China's Manufacturing Industry

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DOI: 10.25236/ISMEEM.2019.013

Author(s)

Meng Jun

Corresponding Author

Meng Jun

Abstract

At present, with the continuous integration and development of the world economic system and the continuous improvement of national economic level, innovation driving is very important in the process of manufacturing transformation in China. The transformation and upgrading of manufacturing industry is one of the key factors of national industrial development strategy, which has its distinct characteristics. In order to rebuild the dynamic mechanism of manufacturing industry transformation and upgrading, we need to focus more on innovation and innovation of manufacturing value chain. At present, China's traditional manufacturing industry is too dependent on factor input, weak in scientific and technological innovation and competitiveness, and cannot adapt to the new trend of intelligent development of manufacturing industry. How to rely on technological innovation to promote the transformation and upgrading of China's manufacturing industry in order to enhance its position in the global value chain is the core issue facing China's manufacturing industry. In this paper, the mechanism and evolution path of innovation-driven manufacturing transformation and upgrading are deeply analyzed, and strategic suggestions are put forward.

Keywords

Manufacturing Industry; Transformation and Upgrading; Technological Innovation; Strategy