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Premier highlights upgrade of traditional industries

Updated: Nov 5,2015 10:27 AM     english.gov.cn

China should adapt its traditional industries to the development of modern society to meet the changing domestic demands, Premier Li Keqiang stressed at the State Council executive meeting on Nov 4.

The meeting decided to stabilize industrial growth, optimize its structure and improve the efficiency of enterprises to transform and upgrade the country’s industry.

“The changing R&D, production and sales modes of traditional industries boosted by the strategies of ‘Internet Plus’ and ‘mass innovation and entrepreneurship’ are expected to trigger a ‘new Industrial Revolution’,” the Premier said.

He said that China’s “Internet Plus” strategy is developing fast in the consumption field, and it should also step up promoting the transformation and upgrade of traditional industries.

In the past two months, how to promote the transformation and upgrade of traditional industries and the “Made in China 2025” strategy has been the main concerns of the Premier.

During his official visit to the Republic of Korea (ROK) from Oct 31 to Nov 2, Premier Li visited an economic innovation center in Gyeonggi-do, which was set up by the ROK government and the large enterprises there to support the newly established small and micro enterprises.

“The large companies not only connect with the micro enterprises through the Internet, but also pay for the latter’s innovative ideas, and that is innovation achieved with outside help,” said the Premier at the meeting.

The Premier reached an agreement with ROK President Park Geun-hye to build an innovation cooperation platform for enterprises and individuals from both countries, and link China’s “Made in China 2025” with the ROK’s “Manufacturing Innovation 3.0”, and China’s “mass entrepreneurship and innovation” with the ROK’s “innovative economy”.

He said at the meeting that Germany’s “Industry 4.0” strategy was also aimed at connecting large companies with small enterprises through the Internet and achieving transformation and upgrade with the help of outside powers. Premier Li met with German Chancellor Angela Merkel during her visit to China on Oct 26.

“It proves that ‘Internet Plus’ and ‘mass innovation and entrepreneurship’ not only can be used in the service sector, but also is fit for upgrade and transformation of traditional industries,” the Premier said.

He also praised the technicians at Luoyang Mining Machinery Group and recognized their efforts to seek solutions through the Internet, while visiting Henan province on Sept 23.

And he also stressed that innovation was the engine for enterprises and open cooperation was the enterprises’ choice, while paying a visit to Jianghuai Automobile Corporation in Hefei, Anhui province, on Oct 30.

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