KPMG: China's manufacturing ecosystem to show resilience riding on IoT, AI prowess

China's future economic growth will be increasingly propelled by green technology, smart manufacturing and the digital economy, and the country has demonstrated immense potential for industrial transformation, said Norbert Meyring, head of industrial manufacturing and automotive sector at KPMG China.

"China's focus on nurturing new quality productive forces marks a strategic shift from scale-driven growth to innovation-led and sustainable development. This approach leverages cutting-edge technologies, such as artificial intelligence, green tech and advanced manufacturing to upgrade industries and drive high-quality economic expansion," Meyring said in an exclusive interview with China Daily.

Critically, this model prioritizes value over volume and will help the transition from "Made in China" to "Designed and Automated in China." By embedding sustainability and digitalization across supply chains, these forces redefine competitiveness beyond GDP metrics, he added.