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Modern industrial system for manufacturing industry

chinadaily.com.cn| Updated : Apr 8, 2020

Jiaxing in East China's Zhejiang province recently launched a "555" action program to boost the development of its manufacturing industry, local media reported on April 7.

By 2025, the "555" action program aims to increase the gross output of industries above designated size to more than 1.6 trillion yuan ($227 billion), the added value of the manufacturing industry to more than 40 percent of the local GDP, and form a "555" modern industrial system for the manufacturing industry, according to Zhuo Weiming, director of Jiaxing Municipal Bureau of Economy and Information Technology.

The "555" modern industrial system for the manufacturing industry will include the construction of five advanced manufacturing industrial clusters, the cultivation of five strategic emerging industries and the improvement of five industrial chains.

The five advanced manufacturing industrial clusters refer to world-class modern textiles, State-level new energy, regional-level chemical new materials, provincial-level auto manufacturing and provincial-level smart home appliances.

The five strategic emerging industries refer to integrated circuits, artificial intelligence, hydrogen energy resources, aerospace and health.

The five industrial chains to be further improved refer to two symbolic fashion and new energy industrial chains and three special digital, green and health industrial chains.

Zhuo said that manufacturing will play a crucial role in the regional economy in Jiaxing, which aims to become the advanced manufacturing base, digital economy hub and foreign investment hub of the Yangtze River Delta region.

Jiaxing will construct a group of demonstration zones for the transformation and upgrading of traditional manufacturing industries, strategic emerging industries and future industries.

The city will create high quality international industrial cooperation parks and improve small- and micro-sized enterprise industrial parks, all of which will focus on one to two industries.

It will also promote the further integration of production-oriented service industries and advanced manufacturing industries by encouraging relevant companies to transition to "manufacturing plus services" and cultivating shared manufacturing platforms and manufacturing companies.

Improving the business environment is also a crucial task for Jiaxing, which will further streamline its administrative procedures and offer more efficient services.