Research On Growth Of Emerging Manufacturing Industries In China

The outbreak of the financial crisis in 2008 made Europe, the United States and other developed countries realize the importance of development of the real economy, thus they put forward the development strategy of "industrialization". With the increasing costs of the China’s labor and many foreign manufacturing factories tend to move to Southeast Asia, the manufacturing in China are facing with new opportunities and challenges. Manufacturing is the basic industry to enhance the international competitiveness of China, Developing emerging manufacturing industry with high-tech, high efficiency and high value-added has already become an important way to enhance the international competitiveness of China, and it is an important way to raise national comprehensive strength of our country.From the industry level, emerging manufacturing industry in China is still immature, and with so much uncertainty, a sound development pattern is still unformed. Different emerging manufacturing industries are in different growing periods, production factors have different influence in different industries. So, we can’t use the same strategy to treat different matters. With the rise of emerging industry all over the country in recent years, the main problem is that we didn’t recognize the factors which can influence the development of emerging manufacturing industry, and this can lead to a blind development, resources mismatch and the low efficiency and it is also difficult to form economic scale. Based on the above problems, this paper will explore the present situation and the growth factors of every emerging manufacturing industries to provide theoretical basis for sustainable growth.At present, the disagreement about the classification of emerging manufacturing industry still exists in academic circles. This thesis firstly defines the classification of the emerging manufacturing industry by descriptive statistics and Grey Relational Analysis. It includes six industries:(1)Communication equipment, computer and other electronic equipment manufacturing industry, (2)Transportation equipment manufacturing industry, (3)Electric machinery and equipment manufacturing industry, (4)Chemical raw materials and chemical products manufacturing industry, (5)General equipment manufacturing industry, (6)Special equipment manufacturing industry. Through building a growth index system to analyze the main factors of different industries and realize that the main factors are different among industries, combined with the life cycle theory and Logistic Regression drawing a conclusion that in addition to the Transportation equipment manufacturing industry and General equipment manufacturing industry are in the early stage, the other four emerging manufacturing industries are in growth period; Finally, through the nonlinear static model of the panel, we find that capital and labor inputs have different influence on different industries growing, but Transportation equipment manufacturing industry, Chemical raw materials and chemical products manufacturing industry, General equipment manufacturing industry and Special equipment manufacturing industry have one thing in common:the impact on the industry growing trend of capital inputs into inverted "U" shape, the impact on the industry growing trend labor inputs into "U" shape.According to the research conclusion, this thesis improve the emerging manufacturing industry growth force puts forward relevant policy suggestions to promote China’s emerging manufacturing industry combined with the characteristics industry driving the common development of other industries, including:a targeted control emerging manufacturing industry elements of capital and labor inputs; cultivating the independent innovation ability, improve industry innovation consciousness; government provides guide for the development of emerging manufacturing industry, preferential policies to strengthen supervision; strengthen foreign exchange and integration of emerging manufacturing industry to integrate into the global value chain further.