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Digital economy plays a significant role in Zhejiang province's drive for achieving common prosperity.

Manufacturing sectors

An ongoing digitization reform is injecting vitality into the province's conventional manufacturing sectors.

At the smart factories of Ningbo Cixing Co, an A-share listed manufacturer of smart knitting machinery, every set of equipment is connected to the industrial internet of things, which ensures an instant response to clients' immediate demands. As a result, around 80 percent of human labor has been reduced.

In Xinchang county, Zhejiang Toman Precision Machinery Co is a leading producer of automatic equipment for numerous local bearings manufacturers. Its self-developed cloud service is an automatic diagnosis and management tool for 20,000 sets of equipment, raising their multipurpose utilization rate from 48 percent to 63 percent, while reducing their energy consumption by 10 percent.

Zhejiang authorities have so far rolled out pilot smart manufacturing programs in 36 industrial clusters and 33 factories across the province. Over the first half of this year, the value-added in Zhejiang's high-tech industry and strategic emerging industry rose by 22.7 percent and 24.2 percent year on year respectively.

A corner of the exhibition hall inside the office building of Ningbo Cixing Co. [Photo/zj.zjol.com.cn]