The report of the 19th CPC National Congress regards "moving China's industries to a medium-high level of the global value chain and cultivating several world-class advanced manufacturing clusters" as one of the important goals and tasks of implementing the new development concept and building a modernized economic system.The Real Dilemma for the Industry to Move to the Medium-high Level of the Global Value Chain1. In the global value chain dominated by western multinational companies, they may "snipe" Chinese industries’ improvement along the value chain.2. At the present stage, China's real economy is changing from the real to the virtual, which restricts the industry to move to the medium-high level of the global value chain.3. At present, the "outflow" of China's domestic demand on medium-high level products makes us lose the solid demand foundation.The Practical Challenges Faced by China to Cultivate the World-class Advanced Manufacturing Clusters1. There are defects in the system environment.2. The leading role of China’s top enterprises is insufficient.3. The craftsman spirit is not strong enough.The Countermeasures1. Actively promote the cultivation of local enterprises in the leading position, and accelerate the construction of national value chain led by local enterprises.2. Fully improve the construction of regional industrial innovation system, and actively play the positive effect of innovation-driven development.3. Vigorously improve the financial market, and truly make the financial services to the real economy practicable.
