The development of smart manufacturing has emerged as a crucial driver for China’s industrial sectors to transition towards mid and high-end manufacturing, leveraging new-generation technologies like 5G, artificial intelligence, and big data. This shift not only facilitates economic growth but also positions China as a competitive force on the global stage.
In response to China’s burgeoning potential in smart manufacturing, foreign-funded enterprises are actively investing in the country, attracted by its vast market space and development opportunities, reported China Economic Net.
Recently, German industrial giant Siemens AG unveiled a strategic plan to accelerate its growth in China during the Siemens Digital Economy Forum held in Beijing on Wednesday.
Siemens AG announced the launch of the fourth-phase expansion project for the Chengdu digital factory – Siemens Industrial Automation Products China Intelligent Manufacturing Base. This expansion will primarily focus on producing Siemens PLC S7 series, ET 200SP distributed I/O systems and human-machine interface products.
Foreign-funded enterprises have recognised the immense opportunities presented by China’s promotion of smart manufacturing. They are actively introducing leading technology products and solutions into the Chinese market, while also localising their operations to align with China’s digital upgrading efforts. BBS Group, a prominent German automation equipment manufacturing company, announced plans to establish an R&D centre project in Xi’an High-tech Zone. This centre will undertake 40% of the research and design tasks for automation equipment in China.
Another major player, Rockwell Automation, a global leader in industrial automation and digital transformation, unveiled its net zero solution, aiming to support China’s local manufacturing industry in achieving smart and low-carbon development through innovative technologies integrating information technology and operational technology.
The entry of advanced technologies through foreign-funded enterprises is expected to invigorate China’s smart manufacturing sector, attract additional companies within the industrial chain for development, and foster the growth of a robust smart manufacturing ecosystem in the country.