2017-07-08
Industry 1.0 was characterized by mechanization, while Industry 2.0 and Industry 3.0 were marked by electrification and information technology, respectively. In contrast, Industry 4.0 centers on CPS—Cyber-Physical Systems, or the integration of cyber and physical systems. Put simply, Industry 4.0 is defined by the seamless convergence of the virtual and physical worlds.
2017-07-08
[Industrial Revolution] Decoding Dongguan’s “Machine Replacement of Labor” Initiative
An article titled “Finding a Way Forward in Dongguan” published by the Economic Observer noted that, since 2008, the global financial crisis has led to widespread weakness in European and American markets, with shrinking orders persistently troubling Chinese suppliers. The continued relocation of major corporations abroad or their bankruptcy has triggered a wave of closures among Dongguan’s electronic instrumentation manufacturers. Statistical data show that, since 2013, the electronics and instrumentation manufacturing, textile, apparel and footwear, plastics, and metal products sectors have accounted for 44.1%, 11.8%, 7.6%, and 7% respectively of the city’s total number of business closures and shutdowns, together representing 70.5% of the overall figure.
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