china edges closer to leading worlds new industrial revolution
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
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.

 

arabstoday
arabstoday

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*

china edges closer to leading worlds new industrial revolution china edges closer to leading worlds new industrial revolution

 



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*

china edges closer to leading worlds new industrial revolution china edges closer to leading worlds new industrial revolution

 



GMT 10:06 2012 Saturday ,28 July

Querrey advances at ATP LA Open

GMT 21:15 2017 Thursday ,01 June

Trump condemns deadly Kabul explosion

GMT 02:15 2017 Thursday ,24 August

Is your country on the Qatar free entry list of 80?

GMT 19:48 2016 Monday ,03 October

Controversial boxing champ Tyson Fury retires

GMT 08:20 2015 Tuesday ,08 December

PC market woes show no sign of easing

GMT 17:27 2017 Tuesday ,25 April

20 Yemeni soldiers killed, injured in explosion

GMT 11:52 2017 Saturday ,30 December

OIC condemns Mar Mina Church attack

GMT 00:03 2017 Saturday ,25 March

Arab Meeting to Examine Anti-Corruption Methods

GMT 13:12 2017 Thursday ,20 April

Deputy premier meets Arab League chief

GMT 14:13 2014 Friday ,10 January

Opel Astra GTC

GMT 18:27 2016 Tuesday ,02 August

Turkish Foreign Minister arrives in Islamabad

GMT 11:27 2016 Tuesday ,13 December

Saudi woman arrested for challenging social norms
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

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday