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 20:59:24 source:Worldly Wisdom 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
  • Children are evacuated from school 'during an exam' after threat made via email
  • Oklahoma prosecutors charge fifth member of anti
  • Real Housewives of New Jersey's Dolores Catania attends bridal shower for ex
  • Bears unveil $5 billion plan for lakefront stadium
  • Six killed in a 'foiled coup' in Congo, the army says
  • Celine Dion, 56, reveals post
  • China unveils guidelines on improving voluntary service system
  • The plate as palette: Set the table and the mood with the latest in creative dishware
Recommended content
  • Patrick Reed withdraws from US Open qualifying and ends streak of playing the majors
  • No final decision on withdrawing US troops from Niger and Chad, top official tells AP
  • Forsberg and Beauvillier each get a goal and an assist and Predators knock off Canucks 4
  • Election 2024: Casey, McCormick to face each other in Pennsylvania Senate race
  • Shohei Ohtani's first walk
  • Tesla driver in deadly Seattle