Industrialization and Informatization Are Opportunities for China's Manufacturing Industry

“China is growing from a manufacturing powerhouse to a more sustainable manufacturing powerhouse. Everything depends on time.” Thomas Pellet, president of the Caterpillar Group, who is at the forefront of the industry, looks at China’s economic development today. So emotion. He believes that China has developed at an astonishing rate in the digestion and reinvention of information technology and technological changes. The deep integration of industrialization and informatization has become an opportunity for China's manufacturing industry.

There is a stronger development momentum in technological progress. “China has already become the second largest economy in the world. After sustaining high-speed growth for many years, a modest and modest growth rate is a phenomenon of natural evolution. It is also a question of the rebalancing process of various factors of production. In the opinion of Thomas Pellet, the Chinese economy has enough body to absorb the impact of the slowdown in growth.
Thomas Pellet is one of the first entrepreneurs to focus on China's initiative to establish an Asian infrastructure investment bank. He believes that the collapse in oil prices has caused a sharp drop in fiscal revenues of oil producing and exporting countries, which in turn has reduced the investment in infrastructure construction in these countries. The Asian Infrastructure Investment Bank proposed by China precisely meets this demand gap and is expected to make further progress in the future. “China is the most important trading partner in the Asia-Pacific region. China’s leaders are portraying a magnificent blueprint for development. From the “Belt and Road” to the Asian Infrastructure Investment Bank, China will connect cross-regional infrastructure construction with its own transformation and upgrading. It will certainly benefit global trade. For future business leaders, China is the most important market regardless of your industry."

Thomas Pellet said, “Caterpillar has entered China for 40 years and has 28 manufacturing bases and 16,000 employees in China. Depth indigenization is our long-term strategy. In the future, Caterpillar will continue to increase investment in China. , and regard technology research and development as the top priority of localization."

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