Promoting New Industrialization through the Coordinated Development of Industrial Digitalization and Digital Industrialization

REN Baoping

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PDF(506 KB)
Front. Econ. China ›› 2024, Vol. 19 ›› Issue (4) : 518-535. DOI: 10.3868/s060-018-024-0022-7
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Promoting New Industrialization through the Coordinated Development of Industrial Digitalization and Digital Industrialization

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Abstract

The coordinated development of industrial digitalization and digital industrialization has propelled the establishment of a modern industrial system and the advancement of new industrialization. Industrial digitalization enhances the fundamental capabilities of traditional industries through the application of digital technology, thereby fostering the emergence of a new technology-economy paradigm within these industries. This process expedites the integration of the digital economy with traditional industries, enabling the augmentation of basic industrial capabilities and the modernization of the industrial chain in the context of new industrialization. Digital industrialization considers data as a novel factor in production. Through innovation, industrialization, and commercialization of digital technologies, it gives rise to emerging industries, formats, and models. Ultimately, this leads to the formation of the digital industrial chain and industrial clusters. To drive new industrialization, it is important to prioritize the real economy and promote the coordinated development of industrial digitalization and digital industrialization through mutually beneficial interaction, integration, and balanced models.

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industrial digitalization / digital industrialization / new industrialization

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REN Baoping. Promoting New Industrialization through the Coordinated Development of Industrial Digitalization and Digital Industrialization. Front. Econ. China, 2024, 19(4): 518‒535 https://doi.org/10.3868/s060-018-024-0022-7

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