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These exposures could potentially stimulate these exporting firms to upgrade their production technologies and productivity levels to further enhance their competitiveness in foreign regional markets and to realize the spillover effects.
Although a common agreement exists on the necessity for technological advancement of production technologies and business models in the sense of Industry 4.0, a major obstacle lies in the perceived complexity and abstractness which partly hinders its quick transformation into industrial practice.
In today's dynamic and uncertain markets, companies are required to regularly renew their product and process platforms through new production technologies and factory infrastructure.
As discussed earlier, the RTA-induced intensification of market competition in the importing country could potentially stimulate domestic agricultural producers to invest more in cost-reducing production technologies and to upgrade their productivity levels.
China still needs to speed up technological upgrading on the existing foundation; organize efforts to tackle major scientific and technological problems; strive to improve research, design, and production technologies and its domestic auxiliary support capability; and resolve to improve the price/performance ratio of its domestically produced computers.
What if nanotechnology could deliver on its original promise – not only new, useful, nanoscale products, but a new, transformative production technology able to displace industrial production technologies and bring radical improvements in production cost, scope, and resource efficiency?
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This keynote paper deals with the state of practice as well as the tendencies in product and production technology and the influence of markets.
"We plan to acquire more timber companies, to implement modern production technology and attract more investment to this sector".
The fear is that China would somehow control the pork we eat or, perhaps worse, get our critical pork production technology and our secrets of manure management.
But the real opportunity is to "go global" with Chinese firms, harnessing British invention and innovation with Chinese production technology and scale in a search for Chinese – and then global – markets.
This is what we can do: drill where we know there is oil, increase fuel efficiency, mandate higher mileage standards, develop new oil production technology and create alternatives to gasoline.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com