A Research On The Industrial Transformation Of Guangdong Manufacturing Industry

As it is named as the World Manufacturing Centre, Guangdong has turned out a great deal of products for the rest of the world since the Reform and Opening-up Policy in the year 1978. Moreover, it has contributed a lot to the rapid economic development of China. However, with the changes of the international economic situation as well as the advance of the Chinese Economy, the growth of Guangdong manufacturing industry is now faced with lots of threats. All these threats make the development of the right industry become extremely difficult. As a result, in the current World Financial Crisis, how to take effective measures to promote the transformation of Guangdong manufacturing industry and strengthen the competitiveness of it in the face of globalization, so as to bring positive influence to the sustainable development of Guangdong's economy as a whole, is vital for the region and the whole country as well.The main factor in the transformation of Guangdong manufacturing industry is innovation. By carrying out various kinds of innovation, the current developing model of Guangdong manufacturing industry, which is no longer adapted to the current economic situation, can be changed completely, and the competitiveness of the right industry can also be strengthened. The innovation here mentioned includes innovation on technology, market composition, administrative system as well as industry structure. With the effort of the above mentioned conducted by the enterprises, the local government as well as the industry association, the current Guangdong manufacturing industry can finally transformed to modern service industry and modern manufacturing industry.The thesis, based on the discussion on the theory of the manufacturing industry as well as the current situation of Guangdong manufacturing industry, with the analysis of the difficulties faced by the right industry, tends to explore the orientation and methods of it, and meanwhile, tries to put forward some suggestions on the strategies on how to improve the situation.