As the global landscape of industrial competition experiences significant change, China is confronted with huge challenges as it makes new efforts to develop its economy. Through dozens of years’ rapid development, China has emerged as a global leader in the manufacturing industry, with an independent, complete system that spans all fields of manufacturing, thereby laying a solid foundation for China’s social and economic development. However, China is still in the early stages of industrialization, and lags far behind developed countries. In fact, China’s manufacturing industry is large in scale but not strong, lacks the ability to develop innovations independently, and relies too heavily on core technologies and high-end equipment imported from foreign countries.
The deep fusion of the new generation of information technology and the manufacturing industry is bringing about profound changes within the industry, creating new modes of production, industrial forms, business models and areas with great potential for growth. With every country around the world intensifying its effort to encourage scientific and technological innovation, China’s manufacturing industry is expected to have many opportunities as it tries to transform itself and develop through innovation.
A Review of the Development of China’s Diecasting Industry
In 1947, China’s first diecasting plant came into being in a small alley in Shanghai. Before 1949, only a few Chinese plants had a small number of imported cold- or hot-chamber diecasting machines, mainly used for producing zinc alloy castings.
In the 1970s, the development of China’s motorcycle industry propelled the diecasting industry, and a large number of diecasting producers emerged, with the most rapid development taking place in Jiangsu Province, Zhejiang Province and Chongqing Municipality.