China will speed up the cultivation of individual champion enterprises in manufacturing industry and improve the level of industrial chain

Published: Dec 25, 2019 22:32

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SMM: vice Minister of Industry and Information Technology Wang Jiangping said on the 25th that he will speed up the establishment and improvement of high-quality manufacturing enterprises, especially the cultivation system of individual champion enterprises. The Ministry of Industry and Information Technology, together with the relevant departments, has selected four batches of 256 demonstration enterprises and 161 champion products. The average R & D intensity of individual champion enterprises is 5%, the ownership rate of R & D institutions is 97%, and the average number of valid patents is 465. Innovation ability, market position, quality benefit and anti-risk ability are far higher than the level of ordinary manufacturing enterprises. The individual champion enterprises promote the overall improvement of the industrial chain and industrial cluster level by giving full play to their own advantages.

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