News list


2023 / 01 / 31


Editor's note

About the "Fusion" column, I would like to "gather" these dots of "change" into a small column, to record the courage of those who dare to change, but also to record the joy of these changes, let us look forward to the future monthly for a while.


We walk in change

In 2013, China became the world's largest importer and exporter, surpassing the United States for the first time.

In 2014, China's GDP exceeded US $10 trillion, making it a member of the US $10 trillion Club.

In 2015, China issued an action plan for Manufacturing 2025.

In 2016, China officially launched 5G technology research and development trials.

In 2017, the first production line of Yamal Energy Station, the first super-large energy cooperation project between China and Russia, went into operation.

In 2018, Beidou-3 began offering global services.

In 2019, China ranked 14th in the Global Innovation Index.

In 2020, China's manufacturing output reached 26.6 trillion yuan, accounting for about 30 percent of the global total.

China's 5G signal will cover the summit of Mount Qomolangma in 2021.

The Lussel Stadium, built by China Railway Construction Corporation Limited, made its debut in 2022.

Over the past decade, every Chinese has been walking through the changes in the country's development, but we have paid little attention to them. Had it not been for the Russo-Ukrainian War, I would not have known that the Yamal energy Station ended in Jiangsu; If it wasn't for the Qatar World Cup, I wouldn't have known that stadiums in Central Asia were being built by China Railway Construction.

If the Chinese people did not know what was happening before, they will feel it somewhat today.


Productivity becomes more important

In the 1990s, there was overcapacity in China's manufacturing sector. In the following 30 years, state-owned enterprises went to the sea. One fifth of the World's top 500 list were Chinese state-owned enterprises [1]. The Belt and Road Initiative extends from Mongolia to Macedonia, involving 150 countries, which can be said to be the majority of existing countries. With the development of the Internet economy, after cutting down the traditional offline channels, the bulk of KA supply is distributed online.

China, known as the monster of infrastructure construction, has increased the length of China's railways and roads by about 1.1 million kilometers in decades, which is equivalent to traveling around the Earth's equator 27 and a half times [2], water, electricity, Internet, 5G... ... From transportation and energy systems to communications engineering, there are leaps forward. From home to abroad, from the infrastructure to the model, all changes. Today, China has grown into the world's second largest economy.


With the size of China's economy today, no single external demand can drive it. Assuming that China's economy was one-tenth the size of the US's 20 years ago, one percentage point of GDP growth in the US at that time would have been 10 percentage points of additional demand for Chinese products. Today no one can pull China, only themselves [3].

For the nation: the ability to enrich the vast majority of its people with fewer resources; For business: The ability to get rich and reinvest it in goods.

It is the product capability led by technology, the sales capability enabled by digital, and the sustainable capability of low-carbon energy saving.


Manufacturing has become more important

China is a country with independent third-generation nuclear power technology and the world's first state-led nuclear emergency rescue base.

-- China Nuclear Power Qingdao Industrial Park

China's new generation semiconductor business is developing vigorously. It has abandoned the material limit of the first and second generation and entered the era of the new generation semiconductor.

-- New Generation Semiconductor R&D Center of Shandong University

China's 5G signal coverage to the summit of Qomolangma, 5G base stations have been set up across the country;

-- Taiyuan 5G Terminal Intelligent Industrial Park

China's power battery industry has risen strongly, occupying half of the world market share [3].

-- Zhenjiang Production Base of Feneng Technology

Digital transformation of manufacturing enterprises, production, sales, logistics can all resort to the "cloud", the transformation of traditional enterprises is the trend;

-- Wiskind Jiangsu Manufacturing Base, Shenghaoyun Logistics factory

As energy-saving measures such as sponge city, direct light storage and soft ground/water/air source heat pump are applied to large public buildings, carbon emissions from building operations are sharply reduced.

-- Xiaohe International Convention and Exhibition Center

By around 2030, China's urbanisation will be coming to an end, with 940m people living in cities, and between six and 10 megagglomerations of 30m people likely to emerge. Delivery can't absorb so many of these people, nor can serving dishes.

Manufacturing can.

Manufacturing industry constitutes the vigorous vitality of China's sustained economic development.

The vitality of these technology-led, digitally enabled, low-carbon and energy-saving industries, I met them through the industrial plants and public buildings they worked with mastercard.

In the future, I would like to gather these "changes" into a small column, to record the courage of those who dare to change, but also to record the joy of these changes.


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