Member LoginMember Login - User registration - Setup as front page - Add to favorites - Sitemap China holds majority of world's 'lighthouse factories' !

China holds majority of world's 'lighthouse factories'

Time:2024-05-21 08:13:20 source:Cultural Crossings news portal

China has the highest number of "lighthouse factories"- manufacturers that show leadership in using Fourth Industrial Revolution technologies, the Securities Times reported on Thursday.

Twelve Chinese companies have been included in the 11th batch of "lighthouse factories" list released by the World Economic Forum, making the total of Chinese factories on the list reach 62.

Global Lighthouse Network is a community of manufacturers showing leadership in using Fourth Industrial Revolution technologies to transform factories, value chains and business models for compelling financial and operational returns, according to World Economic Forum.

It is a World Economic Forum initiative in collaboration with McKinsey which examines the future of operations and considers how Fourth Industrial Revolution technologies are shaping production.

The number of China's "lighthouse factories" grew explosively with diversified highlights. As of December 2023, the world has a total of 153 "lighthouse factories" - 40.52 percent of which are located in China.

From the perspective of industry distribution, China's "lighthouse factories" are mostly concentrated in large consumer areas, including household appliances, automobiles and other industries, with a total of more than 20 lighthouse factories, accounting for nearly one-third of the total.

In recent years, China has made continuous breakthroughs in the field of advanced technologies such as artificial intelligence, big data and 5G, and manufacturing companies are at the forefront of digital, intelligent and green transformation, promoting China to gradually move from the world's first manufacturing country to a manufacturing power.

China's remarkable achievements in the development of "lighthouse factories" reflect the country's strong strength and competitiveness in the field of manufacturing, the report said.

Related information
  • Biden says Brown v. Board of Education ruling was about more than education
  • The 15 revolutionary tiny tweaks that can turbocharge your health
  • Home values rising in Detroit, especially for Black homeowners, study shows
  • China's spy agency encourages people to see spies everywhere — Radio Free Asia
  • Messi in and Dybala out in Argentina squad for pre
  • How Britain's richest man is so secretive even his receptionist hasn't heard of him
  • Woman pleads guilty for role in 4 slayings stemming from custody dispute, sentenced to life
  • Texas inmate Melissa Lucio's death sentence should be overturned, judge says
Recommended content
  • Who is Jacob Zuma, the former South African president disqualified from next week's election?
  • Rory McIlroy debunks LIV Golf rumors. Greg Norman claims unanimous support during Masters trip
  • Cyberattack costs hit UnitedHealth in 1Q that still turns out better than expected
  • Silent struggles plague Cambodian refugees in Bangkok — Radio Free Asia
  • Everybody may love Raymond, but Ray Romano loves Peter Boyle
  • St James's Place paid £213K to HMRC for my inheritance tax bill