Research on Digital Economy Driving High Quality Development of China's Manufacturing Industry

Abstract

With the profound changes in the global industrial economic situation, the industrial competition pattern is further adjusted, China's original reliance on the "demographic dividend" effect of the manufacturing industry expansion path is facing the challenge of low-end locking and marginalization, the urgent need to cultivate new kinetic energy. Get rid of the inherent low-cost competition and scale expansion mode, promote the digital transformation of the manufacturing industry, are the road to high-quality development of the manufacturing industry under the new development pattern. On the one hand, the digital economy has reconstructed the layout of the manufacturing industry chain in digital space and physical space, effectively unimpeded the domestic macrocycle; on the other hand, the digital economy can promote China's manufacturing industry to the high-end of the value chain, and win a larger profit space and the right to speak for the manufacturing industry to integrate into the international cycle. Therefore, under the new development pattern of internal and external double cycle, digital economy has become the new kinetic energy for the upgrading of China's manufacturing industry. This project combs through the domestic digital economy to drive the high-quality development of the manufacturing industry related literature, summarizes the economy to drive the high-quality development of the manufacturing industry measurement method, organizes the recent years of China's manufacturing industry development related research, consolidates the research foundation and expands the research perspective, constructs the "scale - structure", We construct a four-dimensional analytical framework of "scale-structure" and "circulation-external circulation" for the high-quality development of manufacturing industry, and explore the theoretical mechanism of digitalization-driven high-quality development of manufacturing industry. Through the use of econometric modeling methods to carry out empirical analysis of the digital economy driven manufacturing high quality, according to the empirical results, more scientific formulation of the digital economy driven China's manufacturing industry upgrading countermeasures recommendations.