The Strategic Significance of Developing Modern Manufacturing Service Industry

At present, China is in a stage of accelerating industrialization towards the middle and later stages. Accelerating the modern service industry system and taking a new path of industrialization that combines and develops the service industry and industry together is the way for China's equipment industry to adjust its structure. (1) Meet the overall strategic requirements; Proposed in the 12th Five Year Plan for National Economic and Social Development of China; “ Take promoting the great development of the service industry as a strategy for optimizing and upgrading the industrial structure; ， “ Deepen division of labor, accelerate innovation in service products and models, integrate productive service industries, and promote accelerated development of productive service industries;. The State Council has put forward several opinions on accelerating the service industry; We should vigorously develop production-oriented service industries, integrate modern industries with service industries, and promote interactive development. The 12th Five Year Plan; The Overall Plan for the Development of the Machinery Industry also proposes to further accelerate the development of modern service industries. Efforts will be made to achieve a service-oriented revenue to sales revenue ratio of around 25% for some enterprises. (2) Promote the healthy development of the equipment industry; An important characteristic of the Western developed countries entering the late stage of industrialization is the vigorous promotion of the integration of services and. Affected by resource, environmental, and cost pressures, the task of transforming and upgrading China's equipment industry has become extremely urgent. Vigorously developing the service industry and promoting the transformation of the equipment industry's economic growth mode from mainly relying on resource investment to efficiency improvement is an objective need to implement the development concept and achieve coordinated and sustainable development. It is also an inevitable trend for China's equipment industry to upgrade and transform from large to strong. (3) Enhance the core competitiveness of equipment enterprises; The service industry is an important means for enterprises to expand their markets and achieve product value-added. Being able to provide stable returns and achieve differentiated competition. The reason why multinational companies in the equipment industry can maintain a long-term position is precisely because they rely on their capital and technology, vigorously implement industry service orientation, and firmly control high technology and links. Developing modern service industry is beneficial for China's equipment enterprises to meet personalized user needs, improve profitability, enhance core competition, and narrow the competition gap with multinational corporations.