China and South Korea signed a memorandum of cooperation to promote manufacturing cooperation

Abstract Premier Li Keqiang arrived in South Korea on October 31 and held a three-day official visit. During the period, the two countries signed the "China and South Korea to promote "Made in China 2025" and "Manufacturing Innovation 3.0 Strategy"
Premier Li Keqiang arrived in South Korea on October 31 and held a three-day official visit. During the period, the two countries signed the Memorandum of Understanding on the exchanges and cooperation between China and South Korea to promote the "Made in China 2025" and "Manufacturing Innovation 3.0 Strategy" (hereinafter referred to as the "Memorandum"). Based on the complementarity of China and South Korea's manufacturing industry and the great potential for future cooperation, the two sides agreed to strengthen exchanges and cooperation in the manufacturing sector on the basis of mutual respect and mutual benefit.

According to the memorandum, China and South Korea will cooperate in the future development and strategic research in the fields of advanced manufacturing, traditional industrial transformation, green manufacturing, intelligent manufacturing, robot development, application and standardization, industrial design, etc., promoting smart factories, green factories, and green. Cooperative development, demonstration and promotion of experience in the park and other fields. Under the framework of the Sino-Korean Industrial Cooperation Ministerial Dialogue, the two countries set up joint working groups to conduct exchanges and cooperation in the form of non-regular working group meetings, seminars, technical exchange meetings, training and joint cooperation projects.

South Korea is an important neighbor of China. In recent years, exchanges and cooperation in various fields between China and South Korea have entered a "fast track" of comprehensive and in-depth development. The two heads of state exchanged visits in 2013 and 2014 and met frequently on international multilateral occasions. The two sides agreed that China and South Korea should strive to become "four partners" for achieving common development, contributing to regional peace, working together to revitalize Asia, and promote world prosperity. In 2014, the trade volume between China and South Korea was close to US$300 billion, and the China-South Korea Free Trade Agreement was formally signed. The exchanges between the two countries have entered the “10 million” era. The two sides also maintain good communication and coordination on many regional and international issues.

This visit is the first visit to South Korea after Premier Li Keqiang took office. It is also the five-year visit of the Chinese premier to the ROK. It is a good momentum for maintaining high-level exchanges between China and South Korea, promoting pragmatic cooperation in various fields and promoting China-ROK relations to the "four partners." The direction of development is of great significance. During the period, the leaders of the two sides exchanged in-depth views on promoting the development of China-ROK relations, enhancing mutual political trust and deepening pragmatic cooperation in various fields.

Industrial cooperation is an important part of the economic and trade cooperation between China and South Korea. As one of the countries with more developed manufacturing industries in the world, South Korea has advanced manufacturing technology and strong complementarity between China and South Korea. Previously, China and South Korea had good cooperation in the industrial field. The two countries signed the Memorandum of Understanding on Industrial Cooperation between China and South Korea in July 2014. The cooperation areas involved mainly include automobile, steel, shipbuilding, machinery, petrochemical and flat panel display. And other traditional areas.

As an important supplement to the Memorandum of Understanding on Industrial Cooperation between China and South Korea, the Memorandum signed this time focuses on exchanges and cooperation in the manufacturing sector. With the successive release and implementation of “Made in China 2025” and “Manufacturing Innovation 3.0 Strategy”, China and South Korea have more room for cooperation in advanced manufacturing areas such as smart manufacturing and green manufacturing. The signing of the memorandum is of great significance for promoting the industrial docking and mutually beneficial cooperation between the two countries. It is also important for China to learn from Korea's development experience and better promote the implementation of “Made in China 2025”.

“Made in China 2025” is a major strategic deployment of China's manufacturing industry and was officially released on May 19 this year. The core is to accelerate the transformation and upgrading of China's manufacturing industry, improve quality and efficiency. As the top-level design for the construction of a strong country, it is the action plan for China to implement the strategy of manufacturing and strengthening the country in the next decade. It is the foundation document for the realization of the dream of manufacturing a strong country in the next decade. It will accelerate the transformation of China from a manufacturing power to a manufacturing power. Enter the forefront of the manufacturing power camp.

“Made in China 2025” emphasizes that the deep integration of the new generation of information technology and manufacturing industry is triggering far-reaching industrial changes, forming new production methods, industrial forms, business models and economic growth points. Therefore, "Made in China 2025" emphasizes the need to combine the two technologies as the main line, and regards intelligent manufacturing as the main direction. Taking into account the current and long-term, "Made in China 2025" puts forward the "three-step" strategy of building and manufacturing a strong country in China, taking the decade as a stage, realizing the construction of a strong country through "three steps"; transforming and upgrading the manufacturing industry Increase efficiency, put forward nine strategic tasks, five key projects and a number of major policy initiatives; focus on the new round of scientific and technological revolution and industrial transformation, seize the commanding heights of the future, focus on advanced manufacturing and high-end equipment manufacturing, and deploy key breakthroughs in the foresight The ten strategic areas depict the grand blueprint for the construction of a manufacturing power in the next 30 years and the roadmap for the advancement of the ladder.

South Korea’s “Manufacturing Innovation 3.0 Strategy” was released in 2014, which also emphasizes the integration of manufacturing and information technology, that is, through the full integration of manufacturing and information technology, promoting the intelligent revolution and improving the intelligence of manufacturing, fundamentally Improve the overall capacity and level of manufacturing. The "Manufacturing Innovation 3.0 Strategy" proposes the realization of smart factories, the creation of new economic industries, the promotion of intelligent innovation in regional manufacturing, and the promotion of industrial restructuring and other strategic tasks and objectives.

According to the "Manufacturing Innovation 3.0 Strategy", in the construction of smart factories, South Korea will build 10,000 smart factories by 2020. Individual industries and enterprises must quickly become the three pillars of the creation of economic centers (electronics, automobiles, machinery). It is necessary to accelerate the development of eight intelligent manufacturing technologies such as smart sensors. In the creation of new economic industries, we must build smart hybrid products with future growth and promote the intelligent materials and components necessary for the development of such products. Focus on the development of "30 large smart materials and components" for smart fusion products in key industries such as automobiles, ships, and semiconductors.

In general, “Made in China 2025” has much in common with South Korea’s “Manufacturing Innovation 3.0 Strategy”. For example, highlighting the deep integration of information technology and manufacturing, vigorously promote smart manufacturing, green manufacturing, and emphasize the important role of innovation. In the implementation of the two strategies, the two sides have many points of convergence, and they can learn from each other in many aspects. The signing of the Memorandum will accelerate the complementarity and docking between the two countries in the manufacturing sector, promote mutually beneficial cooperation between the two sides, and ultimately achieve win-win development.

During Premier Li Keqiang’s visit to South Korea, the two countries also signed three national docking strategies, including the “Belt and Road Initiative” with South Korea’s “Eurasia Initiative”, “Volkswagen Entrepreneurship, and Innovative Innovation” and South Korea’s “creative economy” and China and South Korea. Third-party markets carry out international capacity cooperation for docking. This provides an important opportunity for cooperation in the manufacturing sector between the two countries. On this basis, China and South Korea will further accelerate the docking and complementarity in the manufacturing sector, strengthen R&D cooperation in innovation, smart manufacturing, and high-end technology, and promote economic transformation and upgrading to better achieve mutual benefit and common development.

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