General Secretary of the CPC Central Committee Xi Jinping has emphasized the critical role of advanced manufacturing in achieving Chinese modernization during an inspection tour in Henan Province. Visiting a bearing production facility in Luoyang City on Monday, Xi called for sustained innovation and technological self-reliance to strengthen industrial capabilities.
"Manufacturing is the backbone of real economic development," Xi stated, underscoring the sector's importance in maintaining China's global competitiveness. The visit highlighted smart manufacturing systems and precision engineering processes at the state-supported facility, which supplies components for aerospace and high-speed rail projects.
Analysts suggest this renewed focus aligns with China's broader strategy to transition toward high-value production amid shifting global supply chains. The initiative holds implications for international investors eyeing advanced manufacturing partnerships and Asian economies integrated with China's industrial networks.
Henan Province, a traditional agricultural hub now emerging as a manufacturing center, exemplifies China's regional development balancing act. The push comes as Chinese manufacturers increasingly adopt AI and automation to offset labor cost increases while maintaining export momentum.
