Abu Dhabi, UAE, February 20, 2017: The China Federation of Industrial Economics (CFIE) has announced it has established a strategic partnership with the Global Manufacturing and Industrialisation Summit (GMIS). As China’s largest federation of industrial associations, the Federation strongly promotes the key topics that the Global Manufacturing and Industrialisation Summit is committed to pursuing – including the progression of manufacturing in light of the next Industrial Revolution, exploring governance in the digital age of industry, and social responsibility.
Established in 1988 and currently Chaired by China’s former Minister of Industry and Information Technology, Li Yizhong, CFIE has now 87 consultants, 222 directors, 76 members of the Presidium, 413 members, including 178 national industrial association members covering an extensive range of industrial sectors including iron & steel, textile, light industry, machinery, electronics, petrochemical, electricity, building materials, aviation and aerospace, energy and transportation. CFIE builds its national network through coordination and cooperation with 25 local federations of industrial economics at the provincial and municipal level, with a primary objective to actively advance China’s industrial modernisation, including reforming industrial governance systems and promoting technological innovation in industrial enterprises. The Federation actively encourages social responsibility of industrial enterprises and associations.
China is the world’s leading manufacturer, representing 23.2 per cent of global manufacturing activity. In December 2016, the country’s industrial production marked an increase of 6 per cent year on year.
XIONG Meng, Executive Vice Chairman & Secretary General of CFIE, said: “Manufacturing has long been the backbone of China’s economy, and we have remained competitive globally through our increasing industrial activity by adopting progressive policies and technologies. The GMIS will provide us with an opportunity to share our own experiences with our peers in the industry, while exchanging knowledge with the world’s leaders in this sector, so that we can implement and develop the best practices that will facilitate the sustainable growth of China’s manufacturing and industrial sector as we enter the Industry 4.0 era.”
An unprecedented event, Abu Dhabi has taken the initiative of organizing the world’s first Global Manufacturing and Industrialisation Summit that will bring together leaders in business, government and civil society to adopt a transformational approach towards the future of this vital sector. Hosted by the Ministry of Economy and the United Nations Industrial Development Organisation, it aims to build strategic alliances that can leverage opportunities surfaced by industrial development, especially digital transformation, to restore global prosperity.
Badr Al-Olama, CEO of Strata and Head of the Organising Committee, said: “As the world’s largest manufacturer and a leading trade partner for numerous economies across the globe, China is exemplary in many ways – and we are privileged to establish a strategic partnership with CFIE to promote industry-wide reforms across the world. Given the prestigious standing of the CFIE, and the vast contribution of its members, we believe the upcoming GMIS will witness the drive and ambition that the manufacturing sector aims to achieve in restoring global economic prosperity .”
Co-chaired by the United Nations Industrial Development Organisation (UNIDO) and the UAE Government, and co-hosted by the Abu Dhabi Department of Economic Development, the Global Manufacturing and Industrialisation Summit will be held at the Paris-Sorbonne Abu Dhabi from March 27-30, 2017.