Digitalization Empowering the High-Quality Development of Traditional Manufacturing: A Case Study of the Pump and Valve Industry in Yongjia, China
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Abstract
China's economy is transitioning from quantity-driven growth to quality-driven growth, necessitating high-quality economic development. High-quality economic development requires high-quality development in the manufacturing industry as its foundation. And digitalization offers a new pathway and impetus for high-quality development in traditional manufacturing. Therefore, this paper empirically analyzes the impacts of digitalization on the high-quality development of the pump and valve industry and its mediating effects of resource and structural empowerment, using structural equation modeling (SEM) to analyze causal relationships between these variables based on 349 sample data. It is found that digitalization can significantly promote high-quality development, while the impact mechanism shows that digitalization can promote high-quality development through resource and structural empowerment, though resource empowerment cannot significantly promote high-quality development in this case. The findings provide implications for other traditional manufacturing industries, which need to enhance their digitalization efforts in three key areas: digital infrastructure, digital operation, and digital management. And they can achieve high-quality development in terms of intelligent production, technological empowerment, intelligent monitoring, platform empowerment, and green manufacturing.
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