What is the current situation of the transformation and upgrading of processing trade in China?

1. The transformation and upgrading have achieved initial results: In recent years, China's processing industry has accelerated the transformation and upgrading, no longer relying on traditional low-cost and low-tech processing trade. High-tech manufacturing and service industries have developed rapidly, and the level of digitalization and intelligence has been continuously improved, with initial results.

2. Innovation-driven development has become the main theme: strengthening innovation-driven and improving technical content and added value have become the main direction of China's processing trade transformation and upgrading. Now, my processing industry has achieved a leap from "manufacturing" to "intelligent manufacturing".

3. Form a strong support for industrial clusters: In China, a number of industrial clusters have emerged that actively explore and practice industrial upgrading, transformation and innovation, involving electronic information, biomedicine, high-end equipment manufacturing and other industries.

4. Facing some challenges: China's processing trade transformation and upgrading still faces some challenges, such as the accelerated transformation of manufacturing enterprises, overcapacity, and the demand for talents for the rapid development of digitalization and intelligence.