Analysis of the Decline in the Competitiveness of New Products in Beijing's High-tech Manufacturing Industry

Abstract

Clearly stated in the Fourteenth Five-Year Plan for 2035, in order to achieve major breakthroughs in core technologies, one must enter a target innovative country at the forefront, but also insist on the proposed innovation-driven development and adhere to innovation and modernization in our country. With the deepening Sino-US trade friction, the export of various industries in China is facing pressure from the US against globalization, industrial software, and chip manufacturing, which has simultaneously hit China hard through industry development. Data analysis reveals that Beijing's high-tech manufacturing of new products and export earnings decreased year by year, but the main reason for the decline is the decrease in electronic and communication equipment manufacturing sub-industry of its new products in export earnings. It is found that the decline in product competitiveness has nothing to do with the insufficient input of innovation elements, but more with the intermediate links. The link through technological transformation is related to application and absorption. The panel data-fixed effect model was used to verify the assumptions proposed in the previous article. The verification showed that the lack of transformation and application of imported technology and the low efficiency of personnel utilization have led to a decline in the export competitiveness of electronic information manufacturing products. According to the extant research conclusions, three paths for the future innovation of Beijing’s high-tech manufacturing industry to lead sustainable development are given: increased investment in imported technology transformation and adherence to innovation-driven development; improved efficiency of the absorption and absorption of imported technology; and enhanced corporate technology for innovative ability and increased utilization rate of R&D personnel input to stimulate talent innovation vitality.