On March 25, Jin Zhuanglong, Minister of Industry and Information Technology, said at the 2024 Annual meeting of the China Development Forum that high-level opening-up will be continuously expanded and restrictions on foreign investment access in the manufacturing sector will be fully lifted.

5X00109G02 China has embarked on a new journey to fully build a modern socialist country, and has made it clear that a new type of industrialization will be basically achieved by 2035. “China has pursued a new type of industrialization, optimized and upgraded its industrial chain and supply chain, and always adhered to the development path of openness, cooperation and mutual benefit.” Jin Zhuanglong said that it will continue to expand high-level opening up, implement the comprehensive cancellation of restrictions on foreign investment access in the manufacturing sector, deepen mutually beneficial cooperation with enterprises around the world, jointly promote the optimization and upgrading of industrial chain and supply chain, and build a safe and stable, smooth and efficient, open and inclusive, mutually beneficial and win-win global industrial chain and supply chain system.

Jin Zhuanglong said that in terms of deepening the collaborative innovation cooperation of the industrial chain and supply chain, the Ministry of Industry and Information Technology will vigorously promote the deep integration of scientific and technological 5X00109G02 innovation and industrial innovation, implement high-quality development actions of the key industrial chain of the manufacturing industry, continue to optimize the innovation platform network, and promote the quality and efficiency of the national high-tech zones; We will actively support foreign-funded enterprises in setting up R&D centers in China and jointly carry out technology research and development and industrial application with domestic enterprises.

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In terms of deepening cooperation on the digital transformation of the manufacturing industry, the Ministry of Industry and Information Technology will implement the digital transformation action of the manufacturing industry, in-depth implementation of smart manufacturing projects, and promote the construction of smart factories and smart supply chains; We will support Chinese and foreign enterprises to strengthen cooperation and accelerate the conversion of advanced and applicable digital technologies, products and solutions.

5X00109G02 In terms of deepening green and low-carbon cooperation in manufacturing, the Ministry of Industry and Information Technology will steadily promote the carbon peak of key industries, implement green manufacturing projects, improve green manufacturing service systems, accelerate the construction of green factories, green parks and green supply chains, and vigorously develop green and low-carbon industries. We will promote the establishment of international partnerships for green manufacturing, build a number of China-foreign cooperation green industrial parks, and expand green trade growth points.

In terms of deepening cooperation among smes, the Ministry of Industry and Information Technology will attach equal importance to service and management, support and development, promote the specialized and innovative development of smes, and promote the integration and innovation of large, small and medium-sized enterprises. We will promote high-level opening-up and cooperation among smes and integrate them into the global industrial chain and supply chain.

Looking forward to the future, Jin Zhuanglong said that China’s promotion of new industrialization and accelerating the construction of a modern industrial system will release huge momentum for development, provide broad space for deepening international cooperation in the industrial chain and supply chain, and also provide important opportunities for foreign companies to innovate and start businesses in China.