Zhejiang’s Advantages, Challenges and Countermeasures for Its Development of the Industries of the Future

Abstract

Compared with traditional industries, the industries of the future are disruptive, high-growth industries with huge development scope and great potential of explosive growth. In the face of great change not seen in a century, the development of the industries of the future is a new focus of competition. The industries of the future are cutting-edge industries that are found during scientific and technological innovations to have the potential to revolutionize traditional industries, and the high growth potential of those industries will play a critical role in supporting and leading socioeconomic transformation in the future. Many efforts are intended to change the current situation that Zhejiang's research and development in the industries of the future mostly relies on a small number of leading enterprises and improve the basic innovation ability of a large number of small and medium-sized enterprises operating in a wide range of fields.

Deployment of Future Industries by Major Countries and Regions in the World and Its Implications for China

“…In 2019, when COVID-19 swept the world and hit hard the global economic activities, Asian countries represented by China have made great progress in their response to C OVID-19. To respond to the epidemic, innovative technologies such as cloud computing, big data, and the Internet of Things have played a key role [3] . After the epidemic prevention and control measures become regular, how the future industry relying on emergent technologies can continue to seize the opportunities and advantages and maintain economic growth is an issue that China needs to take into account.…”