Development prospect and trend of manufacturing industry

The development prospects and trends of manufacturing industry are as follows:

The proportion of manufacturing industry in China's economy has experienced a process of decreasing first and then stabilizing. From the perspective of industry, the slowdown of manufacturing industry in the past 10 years mainly came from traditional manufacturing industry, while high-tech manufacturing industry maintained rapid growth. In the process of high-quality development of manufacturing industry, this structural trend will continue, but manufacturing industry is in China's economy.

According to the development prospect and trend forecast of manufacturing industry in 2023, the improvement of manufacturing capacity is a very important standard value to improve national competitiveness. China is moving from a manufacturing power to a manufacturing power. In the future, China has great advantages in manufacturing industry and good investment prospects. 202 1 China's manufacturing added value as a percentage of GDP.

Manufacturing refers to industries that use certain resources (materials, energy, equipment, tools, capital, technology, information and manpower, etc.). According to the market demand, it is transformed into large tools, industrial products and consumer goods that can be used and utilized by people through the manufacturing process.

Manufacturing industry directly reflects a country's productivity level and is an important factor to distinguish developing countries from developed countries. Manufacturing occupies an important share in the national economy of developed countries.

According to the form of materials used in production, manufacturing industry can be divided into discrete manufacturing and process manufacturing. The manufacturing process includes product manufacturing, design, raw material procurement, equipment assembly, warehousing and transportation, order processing, wholesale operation, retail and so on.