Research on China’s Manufacturing Industry Upgrading from the Global Perspective

Abstract

The global industrial competition is undergoing major readjustment. Accompanied by the re-industrialization strategy of the developed countries, as well as the integration of the new generation information technology and the advanced manufacturing technology, China’s manufacturing industry is facing opportunities and challenges at the same time. This paper analyzed the global manufacturing industry development trend and pointed out China’s manufacturing industry existing problems. In the end, this paper put forward relevant suggestion to promote the transformation and upgrading of China’s manufacturing industry.