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The continuous popularity of the "new three types" highlights the unique advantages of China's manufacturing industry

2024-04-24


Recently, at the 135th China Import and Export Fair (Canton Fair), the "New Three Samples" of foreign trade represented by electric passenger vehicles, lithium-ion batteries, and solar cells continued to be favored by overseas buyers, and the transactions were booming. The strong demand in the international market has driven strong exports of the new three types of foreign trade, as well as a large number of upstream and downstream products.

A complete supply chain, industrial chain, and ultra large scale market are indispensable

The advantages of China's complete supply chain industry chain lay a solid foundation for the "new three types". Meanwhile, a complete supply chain industry chain can effectively promote the optimization of resource allocation, enhance the core competitiveness of enterprises, and promote the optimization and upgrading of industrial structure.

Wang Qing, Deputy Director of the Market Economy Research Institute of the Development Research Center of the State Council, stated in an interview with China Economic Times that China's manufacturing industry has a globally complete supply chain system. Currently, the "new three types" lead exports, which is also the result of long-term innovative development and mutual cooperation and promotion with supply chain enterprises. At every stage, the integration of cost and efficiency advantages of manufacturing enterprises makes the "New Three Samples" highly competitive internationally.

China is the only country in the world that has all industrial categories listed in the United Nations industrial classification. Its manufacturing industry has ranked first in the world for 13 consecutive years, with added value accounting for nearly 30% of the world's total. The production of over 220 industrial products has ranked first in the world... China's real economy has a solid foundation and a complete system.

"A complete industrial chain enables China to have a complete chain from raw material procurement to production, manufacturing, sales, and after-sales service. A complete supply chain enables efficient coordination of logistics, distribution, and other links, which can meet the needs of the global market. Strong technological innovation capabilities can meet the demand of consumers for high-quality products. The huge market demand provides a solid foundation for industrial development." Associate Professor Liu Chunsheng of Central University of Finance and Economics said in an interview with China Economic Times.

In Wang Qing's view, China's super large scale market advantage has also created huge space for the rapid development of the "new three types". The ultra large scale market provides sufficient space for the application of new technologies and the promotion of new products, forming economies of scale in both product and innovation aspects. Economies of scale are beneficial for multiple competing enterprises to popularize technology, dilute costs, and promote the rapid commercialization and maturity of new technologies, products, and models in innovative development. Products recognized by the market after fierce competition in China greatly enhance their competitiveness and market share in the international market.

Innovation is an inexhaustible driving force for industrial development. In the face of fierce market competition, where are the main innovation points of the "new three types" in the future?

Wang Ying, Executive Vice President and Researcher of the National Institute of Opening up at the University of International Business and Economics, stated in an interview with China Economic Times that in the future, the innovation points of the "new three types" will mainly be reflected in four aspects: technology application, product optimization, market expansion, and brand building.

Specifically, firstly, the "New Three Samples" all adopt the latest technologies, which make the products more energy-efficient, stable in performance, more in line with environmental requirements, and reduce adverse impacts on the environment. Secondly, the "new three samples" are constantly optimized in the product design and manufacturing process, further improving the performance and reliability of the product, and meeting the needs of different customers. Once again, by continuously exploring new sales markets, the market share of the product has been increased. Finally, the "New Three Samples" product clearly defines its brand positioning as innovative, environmentally friendly, and efficient high-tech products. This brand positioning not only accurately conveys insights into future technological trends, but also successfully attracts consumers interested in high-tech products, establishing a professional and reliable brand image through high-quality products and services.

In Liu Chunsheng's view, in order to fully unleash the growth potential of the "new three types", in the future, on the one hand, we need to strengthen research and development investment, improve product technology content and added value. At the same time, we should actively participate in global competition, continuously expand the international market, and increase market share. On the other hand, we need to optimize the industrial layout and strengthen the coordinated development of various links in the industrial chain. At the same time, we need to increase policy support and encourage enterprises to innovate and develop.

The slowdown in the development of electric vehicles in Europe and America has relatively limited impact on China

Among the "new three types", electric vehicles have performed particularly well. In recent years, with the acceleration of domestic new energy vehicles going global, their sales have continued to rise, occupying a place in the global market.
 

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