Enterprises need to do more to seize opportunity of equipment upgrade

A staff member works on the production line of a semiconductor production company in Yangxin county, Binzhou city, East China’s Shandong province on April 1, 2024. [Photo/VCG]

The central government recently issued a document aimed at promoting the updating of equipment in the industrial field, saying that by 2027, the equipment investment scale in the field will have increased by more than 25 percent compared with 2023.

It says that by 2027, the digital transformation of industrial enterprises will have been fully covered in major industrial provinces, cities and key industrial parks; production capacity below the benchmark level of energy efficiency in key industries will have been phased out; the energy efficiency of major energy-consuming equipment will have basically reached the level of energy conservation, and the application of…



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