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LiuGong discusses manufacturing upgrades with Chinese premier

LiuGong discusses manufacturing upgrades with Chinese premier
Issue Time:2017-09-06
LiuGong discusses manufacturing upgrades with Chinese premier
LiuGong chairman Zeng Guang’an was recently invited to discuss manufacturing upgrades and economic restructuring with Chinese premier Li Keqiang. This came when the Chinese premier Li Keqiang presided over a government meeting on manufacturing upgrades and economic restructuring in Beijing, according to China’s official Xinhua News Agency. Vice premier Ma Kai, state councillor, secretary general of the state council Yang Jing, state councillor Wang Yong, government officials from related ministries and commissions and executives from more than 60 leading Chinese manufacturers were also present at the meeting. 

LiuGong chairman Guang’an was invited as one of three corporate leaders to speak and the conversation lasted nearly 30 minutes. Zeng briefly introduced the Chinese CE industry and the development of LiuGong, and followed with five suggestions on how to transform and upgrade Chinese manufacturing. Those suggestions included improving the companies’ international competitiveness; supporting the technical innovation and intelligent manufacturing; enhancing the management from the industry associations and guiding the orderness of industry competitions; building a sustainable manufacturing workforce including company managers with global insights, world-class R & D teams and artisans; and moderately decreasing manufacturing costs, such as taxes, logistics and financing costs.

"Manufacturing is the foundation of economic development," Li said. "China’s economic transformation and new industrialization rely on a strong manufacturing sector."

“But Chinese manufacturers as a whole are still at the mid- and low-end of international division of labor, they are big but not always strong,” Li said.
LiuGong discusses manufacturing upgrades with Chinese premier

The country should briskly push forward its "Made in China 2025" strategy to bring the manufacturing to a new level, with measures to eliminate outdated capacity and techniques and step up shifts of economic engines, Li said.

Manufacturers should foster new advantages of high quality and applicability of their products and wean-off the reliance on cheap costs, which will help more domestic brands become well-known around the globe, according to Li.

Highlighting innovation in management systems, Li asked companies to use Internet and big data technologies to reorganise their research and development, production and business patterns.

"Customised production should be promoted to meet diverse market demand," Li said.
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