Study On Transformation And Upgrading Of China’s Manufacturing Industry Under Industry 4.0 Era

The concept of Industry 4.0 was put forward at the Hannover Fair in 2011,and has been approved by the German government,enterprises and research institutions in a short time.They defined Industry 4.0 as a new round of industrial revolution.Then, German government sees the Industry 4.0 as a national strategy to develop it in 2013 and pays high attention to the influence of manufacture brought by the information and communication technologies in order to keep the leading status of manufacture in the world.China’s manufacturing is large but not strong enough and mainly produce the labor-intensive product and the resources-intensive product. Business profits are low because of the low-quality and low added-value products.Besides,with the diminishing of China’s demographic dividend,the labor costs is rising which will worsen the profit margin.Therefore, the transformation and upgrading of China’s manufacturing is urgent,if China wants to get out of this mess. As a manufacturing powerhouse, Germany has much experience of the implementation of industry 4.0 that is worth learning and using for reference.This article first introduces the concrete content and development of Industry 4.0. Then analyzes the specific conditions of China’s manufacturing and the result shows that the transformation of manufacturing is needed.At present,researches home and abroad on effect of Industry 4.0 to manufacture is little and most of them are qualitative analysis. So,the reform of Industry 4.0 is subdivided into the implementation of ERP system and use Wilcoxon rank sum test and Paired-sample T test to test the change of enterprises’ performance after they implement ERP system in this paper. The results of the study show that the financial performance of enterprises is getting better and better with the passage of time.It supports the enterprises start the reform of Industry 4.0.Finally, according to the real situation and specific cases, it puts forward measures to reform China’s manufacturing from perspectives of government and enterprise.