The development of my country’s industrial Internet is divided into three stages, which are strongly supported by national policies

1. China's manufacturing industry is struggling

The 2008 financial crisis spread to the world, and China's economy was not spared. The growth rate of China's industrial value added from 2008 to 2009 slowed down sharply; from 2010 to 2011, under the stimulus of the "Four Trillion Plan", the industrial value added continued to decline after a short rebound. , The growth rate has fluctuated slightly around 6% in the past three years. The development speed of China's manufacturing industry has slowed down and entered a bottleneck period. Transformation and upgrading are urgently needed to promote the in-depth integration of informatization and industrialization to provide new impetus for the industry.

As my country's economic development gradually enters a new normal, the extensive development model that originally relied on demographic dividends for scale expansion is unsustainable. In the past, the development of my country's manufacturing industry was highly dependent on demographic dividends, and low-cost labor was used to reduce manufacturing costs to obtain a large number of orders. With the intensification of the aging process, the proportion of the employed population aged 15 and above in the population is declining, the labor cost is rising, and the demographic dividend is gradually disappearing. In the long run, labor costs will continue to increase, and it is of great significance for companies to rely on informatization and automation technology to improve production efficiency.

The development of my country’s industrial Internet is divided into three stages, which are strongly supported by national policies

Manufacturing sales profit rate growth over the years

The development of my country’s industrial Internet is divided into three stages, which are strongly supported by national policies

Average salary of manufacturing employees

From the comparison of hourly wages in various countries, the average wage in China's manufacturing industry has exceeded the level of countries such as Brazil and Mexico, and is rapidly catching up with Greece and Portugal. Earlier, China's wage level has experienced a rapid rise for 10 years and has tripled. China’s aging population and the expected decline in the working-age population may bring higher wage pressures in the coming years. This shows that the comparative advantage of the Chinese labor force is gradually losing.

The development of my country’s industrial Internet is divided into three stages, which are strongly supported by national policies

2. Deep integration of China's manufacturing industry and the industrial Internet

In November 2017, the State Council issued the "Guiding Opinions on Deepening the "Internet + Advanced Manufacturing" Development of Industrial Internet", dividing the development of my country's industrial Internet into three stages, and finally realizing my country's industrial Internet innovation and development capabilities, technology industry system, and Convergence applications have fully reached the international advanced level, and comprehensive strength has entered the forefront of the world.

The development of my country’s industrial Internet is divided into three stages, which are strongly supported by national policies

According to the calculation of the China Industrial Internet Industry Alliance, the direct industry scale of my country's Industrial Internet in 2017 was about 470 billion yuan. From 2017 to 2019, the scale of the industry is expected to grow at an average annual growth rate of 18%, and it will reach a trillion yuan scale by 2020. It is expected that the country will continue to promulgate industrial Internet-related policies in the future to provide strong support for its rapid development .

The development of my country’s industrial Internet is divided into three stages, which are strongly supported by national policies

2017 Industrial Internet Market Scale

3. Strong support from national policies

In May 2015, the "Made in China 2025" plan promulgated by the State Council officially kicked off the development of my country's industrial Internet, established China's development goal of transforming my country from a manufacturing power into a manufacturing power, and formulated a "three-step" development strategy. In November 2017, the State Council issued the "Guiding Opinions on Deepening "Internet + Advanced Manufacturing" to Develop the Industrial Internet", which clarified the long-term development thinking of the integration of my country's industry and the Internet, and has become the action plan for the construction of China's industrial Internet.

Since May 2018, my country's industrial Internet policies have been intensively released, and support has been unprecedented. The Ministry of Industry and Information Technology and the Ministry of Finance have successively issued the "Implementation Plan of the Industrial Internet APP Cultivation Project", the "2018 Industrial Transformation and Upgrade Funding Work Guide", the "Industrial Internet Development Action Plan (2018-2020)", and the "Industrial Internet Special Working Group 2018" Annual Work Plan" and "Industrial Internet Innovation and Development Project Proposed Support Project in 2018", this shows that the Chinese government attaches great importance to the industrial Internet and its determination to deploy.

The development of my country’s industrial Internet is divided into three stages, which are strongly supported by national policies

Industrial Internet policy combing

The new normal of China's manufacturing industry will accelerate the development of the industrial Internet, especially as the target can be selected from the following aspects under the direct promotion of policies:

First, the industrial Internet will be resolutely and rapidly transformed, with first-mover advantages and policy-supported company targets; second, deep in a certain manufacturing field, in a leading position in the market segment, mastering the core data in this field, and having a high Third, in view of the in-depth integration of informatization and industrialization, focus on the targets that have the need for changes in production methods, easy transformation, and stable customers.

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