Arab Today, arab today china edges closer to leading worlds new industrial revolution
Last Updated : GMT 08:04:27
Arab Today, arab today
Arab Today, arab today

China edges closer to leading world's new industrial revolution

Arab Today, arab today

Arab Today, arab today China edges closer to leading world's new industrial revolution

China edges closer to leading world's new industrial revolution
Davos - XINHUA

China is edging closer to being prepared to lead the world's new industrial revolution, or Industry 4.0, as it is swiftly setting the stage for the convergence of multiple new technologies, said observers at the annual World Economic Forum here.

"I do not see any reason why China should not be the leading or at least under the top three leading countries driving that transforming forward," said Bernd Leukert, member of the executive board of SAP, a global leader in corporate management software, referring to the new industrial revolution.

China has the technological edge and boasts great efficiency in the manufacturing sector, he said at the Davos forum over the weekend, which was held under the theme of "Mastering the Fourth Industrial Revolution."

Experts at the forum said China has gained a strong foothold in the economy of the future by quickly embracing the new industrial revolution and encouraging Internet-based innovations.

While China is selling high-speed trains to overseas buyers, information technology companies like Alibaba, Tencent and Baidu are quickly making an impact on the lives of almost everyone in the country of 1.3 billion people.

Online stores are trying to ensure that ordered goods arrive at the doorstep of their customers in as short a time as one day. This is forcing changes in the shopping malls, too.

"China is overtaking other players at the corner if you look at areas like mobile Internet," said Zhang Yaqin, president of Internet search provider Baidu, one of the information technology leaders in China.

Experts at Davos said the new industrial revolution is not powered by any single breakthrough but by the integration of multiple technologies.

Matthew Grob, chief technology officer of Qualcomm Technologies Inc., said these include artificial intelligence, machine learning and telecommunications. Others cited 3D printing and driverless cars.

"People were quite keen to see how China is transforming from a manufacturing hub to an innovation hub," David Aikman, chief representative officer for Greater China, World Economic Forum, told Xinhua in an interview ahead of the forum.

Chinese leaders have said innovation is at the core of the national development plan. The government has implemented measures to drive market-based reforms, encourage innovation and entrepreneurship, and cut red tape by streamlining procedures. It is now much easier to register new businesses in China, and incubators are booming across the country.

"A number of activities defined by the government in its 13th Five-Year Plan such as the 'Internet Plus' and 'Made in China 2015' shows that China is going right towards that direction," said Klaus Schwab, founder and executive chairman of the World Economic Forum.

Hans-Paul Buerkner, chairman of the Boston Consulting Group, told Xinhua at the forum that among economies talking about reform or transformation, China would probably deliver greater certainty than the other parts of the world.

Despite challenges like the removal of excess capacity, "the sincerity of the efforts in China is very strong," he said.

Buerkner, who visits China several times a year, said some Chinese companies, like Huawei, Lenovo, Haier and Xiaomi, have become strong global competitors in innovation and digitalization.

Still many more Chinese companies are emerging as strong competitors in the innovation-based new economy. DJI, a company established ten years ago in China's southern city of Shenzhen, is now the market leader in easy-to-fly drones and aerial photography systems.

China has been among the leading countries in recent years in terms of the number of patent applications in 3D printing, robotic engineering and nanotechnology, according to statistics released by the World Intellectual Property Organization.

Microsoft founder Bill Gates said that with the recognition that people have done something that they can be rewarded for, many experts have founded new companies in sectors such as IT, biology and robots. "China is going to carry its weight," he said.

 

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today china edges closer to leading worlds new industrial revolution Arab Today, arab today china edges closer to leading worlds new industrial revolution

 



Arab Today, arab today
Arab Today, arab today Jordan airline suggests flyers 'talk'

GMT 11:59 2017 Friday ,24 March

Jordan airline suggests flyers 'talk'
Arab Today, arab today 5 Crafty Must-Have Limited-Budget Ideas

GMT 17:03 2017 Saturday ,25 March

5 Crafty Must-Have Limited-Budget Ideas
Arab Today, arab today Rebel supporters flood Yemen streets

GMT 06:39 2017 Monday ,27 March

Rebel supporters flood Yemen streets
Arab Today, arab today Media host gives priority to problems of people

GMT 07:00 2017 Tuesday ,28 March

Media host gives priority to problems of people
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Yemen children dream of school

GMT 07:25 2017 Friday ,24 March

Yemen children dream of school
Arab Today, arab today Trump to roll back Obama clean power plan

GMT 11:10 2017 Monday ,27 March

Trump to roll back Obama clean power plan
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Uber grounds self-driving cars

GMT 09:11 2017 Monday ,27 March

Uber grounds self-driving cars
Arab Today, arab today Audi RS 5 Coupe acquires new design

GMT 13:22 2017 Thursday ,23 March

Audi RS 5 Coupe acquires new design
Arab Today, arab today Salvage of South Korea's Sewol ferry

GMT 04:51 2017 Friday ,24 March

Salvage of South Korea's Sewol ferry

GMT 09:58 2017 Saturday ,25 March

Nermein Al Fekki films “Foxes in the Valley”

GMT 06:21 2017 Friday ,24 March

MP submits a petition to dismiss university head

GMT 18:57 2017 Tuesday ,21 March

Accessories designer reveals her new collection

GMT 15:25 2017 Tuesday ,21 March

2017 already marked

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures

GMT 20:03 2017 Saturday ,25 March

Health expert warns from dust sensitivity

GMT 07:36 2017 Wednesday ,22 March

US, Britain ban laptops on flights

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 06:04 2017 Tuesday ,28 March

Saudi Arabia ranks 3rd globally for smartphone use

GMT 19:27 2017 Saturday ,11 March

Boualsof launches "Priestess Kahina" collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday