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Digitalization Is The Characteristic Of The New Industrialization

Oct 28, 2023

New-type industrialization has become the direction and fundamental follow of China's industrial development in the new development stage. The new industrialization is not only different from the industrialization of developed countries, but also different from China's past industrialization. Especially in the surging tide of digital economy, the new industrialization is the industrialization promoted and supported by digital technology, and digitalization has become the characteristic of The Times of new industrialization.

 

1. The technical-economic characteristics of industrialization have distinct characteristics of The Times

The emergence and widespread use of each key technology means a shift in the technology-economy paradigm, which also brings a wave of industrialization. During the first Industrial Revolution, the industrialization of European countries represented by the United Kingdom advanced rapidly, creating huge economic wealth. During the Second Industrial Revolution, the United States experienced vigorous scientific and technological innovation and rapid industrial development, becoming the world's largest economic and industrial power. During the third Industrial Revolution, the economies of Japan, South Korea and other countries maintained a long period of rapid development and entered the ranks of industrial powers and developed countries. At present, the emerging new round of scientific and technological revolution and industrial transformation will not only provide a historical opportunity for developing countries including China to accelerate industrialization and narrow the gap with developed countries, but also bring new opportunities for industrial upgrading and structural optimization to developed countries that have entered post-industrialization.

 

2. Digitalization is the characteristic of the new industrialization

Digital economy is the main economic form after agricultural economy and industrial economy. General-purpose technologies in the digital economy include cloud computing, big data, Internet of Things, mobile Internet, artificial intelligence, blockchain, etc. These general-purpose technologies also bring about new technology-economic paradigm changes, which are characterized by intelligent technology cluster as the core driving force, network connection as the basis, and data as the production factor.

In many cases, higher quality is achieved at lower cost. The improvement of production efficiency and product quality brought about by digital technology can not only create more value for users, but also enable the manufacturing industry to have a higher value-added rate and profit margin, achieve income growth, and thus bring about an increase in labor wages, so that workers can share more of the fruits of industrialization and economic development.

 

3. Policy suggestions on digitalization to promote new industrialization

To promote the new industrialization under the new technology-economy paradigm, digitalization must be taken as an important starting point and driving force. The breadth and depth of digital applications are fundamentally constrained by the development level of digital science and technology, so it is necessary to put the development of digital science and technology in a key position to promote the new industrialization. It is necessary to increase the government's support for digital science and technology innovation, and encourage social capital to increase investment. It is necessary to increase the research and development support for relatively mature digital technology that has a gap with the world's advanced level. It is also necessary to carry out a forward-looking layout in the field of emerging technologies and cutting-edge technologies, and strive to achieve a lead in some subdivisions.

 

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