On the one hand, due to the intelligent trend of artificial intelligence and robots, the proportion of labor cost in the total investment in manufacturing industry will be further reduced
as to accelerate the weakening of China's factor low-cost advantage; On the other hand, developed countries use their first mover advantage in the industrial revolution to continuously strengthen their global competitive advantage and high-end position in the value chain. If China cannot quickly adapt to the trend of the new industrial revolution, the technological gap between China and foreign countries may further expand due to the disruptive and revolutionary changes in social economy caused by intelligent manufacturing technology, It may also inhibit China's industrial transformation and upgrading and block the original strict industrial catch-up path, which is not conducive to China's manufacturing industry rising to the high end of the global value chain.
The challenge of industrial revolution to China's manufacturing industry