The Mechanism of Digital Economy in Promoting the Transformation and Upgrading of China’s Manufacturing Industry

Abstract

 The era of China's digital economy has arrived, Chinese government is actively exploring how to use the technological changes brought about by the digital economy to promote China's economic development in the next 30 years. As the pillar industry of China's economy, manufacturing has maintained rapid growth in the past 30 years and has made great contributions to China's economic development. However, there are also many challenges at present, such as,China's manufacturing industry is at the low end of the global industrial chain, and the added value is very low; Backward technology and poor competitiveness in the international market. In this context, this paper analyzes the impact of the digital economy on the transformation and upgrading of the manufacturing industry from a qualitative perspective ,attempts to explore the way how China's manufacturing industry can use digital technology to achieve intelligent transformation, value chain upgrading, and industrial structure upgrading, so as to achieve comprehensive transformation and upgrading , in the end, gain long-term development momentum.