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BEIJING Nike Air Max 97 Gold Baratas , July 22 (Xinhua) -- Once known as the "world's factory" for producing cheap goods, China is relentlessly moving into an advanced stage in manufacturing upgrades in a time when the real economy matters like never before.
Two years after China announced its "Made in China 2025" strategy, despite lingering pressure on overall industries, progress on new industries, mass innovation, and smart manufacturing are painting a new picture.
"WINTER IS PASSING"
For many Chinese entrepreneurs Nike Air Max 97 Ultra Baratas , there have been hard times, especially when financing became difficult as the vibrant real estate market and financial sector attracted too much funding from investors.
Ge Zhengang, chairman of Longcheer, a smartphone producer in southern China's Guangdong Province, said while innovation is vital for increasing profits, it requires financial support.
On the other hand Nike Air Max 97 Undefeated Baratas , the higher costs of energy, labor, logistics and management have further weakened the profitability of manufacturing enterprises.
Facing pressure from financing and rising costs, some of the companies that entered the business in the same period as Longcheer have already turned to real estate, or even closed, according to Ge.
The tendency of capital to flow out of real economy should be regarded as a warning sign that "Made in China" products need transformation and upgrading Nike Air Max 97 Mujer Baratas , according to Xin Guobin, vice minister from the Ministry of Industry and Information Technology (MIIT).
But Xin also pointed out that the problem has not affected the fundamentals of the sector, and such pressure is pushing Chinese enterprises to seek innovation in high-end, smart, and green manufacturing.
Dong Mingzhu, chairperson of China's leading appliances maker Gree Electric Appliances Nike Air Max 97 Rosa Baratas , said that with China's economy gradually firming up, the "winter" for Chinese manufacturers is passing.
"Instead of taking a break, we stored a lot of energy in the winter," she told Xinhua.
In the first quarter of this year, Gree Electric Appliances reported a year-on-year profit surge of 27.6 percent, up from a 23.05 percent annual growth in net profit in 2016.
Dong attributed the strong rise in profit to technological breakthroughs Nike Air Max 97 Rojas Baratas , which turned Chinese manufacturers from followers to trend leaders in the market. Her company now has a research and development team of nearly 10,000 employees.
In a larger picture, in the first half of this year, high-tech and equipment manufacturing sectors are leading the country's industrial growth, with year-on-year output increases of 13.1 percent and 11.5 percent, respectively Nike Air Max 97 Negras Baratas , compared with a 6.9 percent rise in overall output.
STRONGER GOV'T DRIVE
Meanwhile, the Chinese government have never ceased its efforts to push the industrial upgrading progress to a further stage.
According to decisions at a State Council executive meeting chaired by Premier Li Keqiang on Wednesday, China will establish national-level demonstration areas for the "Made in China 2025" plan, a blueprint to upgrade the country's manufacturing sector.
The national demonstration areas will be established in cities and city clusters in the eastern, central and western regions and help speed up the transformation of the country's manufacturing sector, create innovative mechanisms and facilitate opening up and cooperation.
The "Made in China 2025" strategy was first unveiled in 2015 to promote the manufacturing sector to be smarter Nike Air Max 97 Blancas Baratas , greener and more service-oriented.
Since its launch, average productivity is up by 38 percent for China's first 109 pilot projects in smart manufacturing, while operating costs have dropped by 21 percent, data from the MIIT showed.
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