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The Current Status and Development Trend of Green transition in China’s Manufacturing Industry

In: Proceedings of the 2023 2nd International Conference on Economics, Smart Finance and Contemporary Trade (ESFCT 2023)

Author

Listed:
  • Yixiao Xu

    (Nanjing University of Information Science and Technology, Reading Academy)

  • Zhiyang Zhai

    (Nanjing University of Finance & Economics, International Economics and Trade)

Abstract

This paper is based on the research and background of the green transition of China’s manufacturing industry and the development of China’s green economy. The study takes the changes in the policy environment, technological innovation and green energy as the main research objects. The SWOT analysis model as well as literature review and data analysis are used to elaborate and analyze the green transition of China’s manufacturing industry. The research results show that there are certain advantages and opportunities for the green transition of China’s manufacturing industry, but there are certain problems and challenges in terms of cost issues and technological innovation capabilities. Therefore, the article puts forward suggestions to further strengthen policy support and increase investment in green technology innovation to achieve the goal of sustainable development. The enlightenment of the article is that for other countries and regions to make the green transition they can learn from China’s experience and lessons and strengthen policy guidance and technological innovation. At the same time, enterprises should also realize the importance of developing their own innovation capabilities and take active steps to achieve a green transition to promote global sustainable development.

Suggested Citation

  • Yixiao Xu & Zhiyang Zhai, 2024. "The Current Status and Development Trend of Green transition in China’s Manufacturing Industry," Advances in Economics, Business and Management Research, in: Faruk Balli & Hui Nee Au Yong & Sikandar Ali Qalati & Ziqiang Zeng (ed.), Proceedings of the 2023 2nd International Conference on Economics, Smart Finance and Contemporary Trade (ESFCT 2023), pages 194-201, Springer.
    • Handle: RePEc:spr:advbcp:978-94-6463-268-2_23
    DOI: 10.2991/978-94-6463-268-2_23
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