00:00 A key line of the work report is a new quality productive forces meaning going beyond traditional models of economic growth
00:06 The southern Chinese city of Dongguan is known as China's toy making capital
00:11 Exporting around a fifth of all toys made in China a correspondent Huang Fei looks at how the industry has changed
00:17 Step into a world where technology meets imagination
00:22 Robotic arms and sensors bring raw materials to life crafting a wide range of toy animals for domestic and global markets
00:30 Eight years ago Calvin Wu transformed his father's old factory into one fit for the digital age
00:35 When it comes to industry 4.0 people think of auto manufacturing high value-added sectors and lights out factories
00:43 But I think the key is harnessing data to streamline management
00:47 We used to rely on people and emails to communicate and it would take 20 minutes for an executive decision to reach factory floors
00:53 That delay alone caused a lot of waste
00:57 Today Calvin and his team have all the factories real-time data at their fingertips
01:01 The Internet of Things allows them to manage production without delay reduce middle management and raise productivity by 70%
01:09 But Calvin still believes seamless cooperation between man and machine is crucial
01:15 When a toy manufacturer our challenge is delivering many kinds of products in relatively small batches
01:22 Full automation may be too costly for us, but a hybrid approach is an important step forward
01:29 From piglets to dinosaurs toys are created with precision here at this smart factory
01:36 And this is just one of many Hong Kong companies embracing intelligent manufacturing and digitization
01:42 And they've done so with the help of the Hong Kong Productivity Council
01:45 Over the last decade the council has supported over 1,200 projects in the Greater Bay Area
01:51 Offering financial aid and consultation
01:54 And 70% of those projects are implemented right here on the Chinese mainland
01:59 Acting as a shared technical department the Hong Kong PC helps to navigate challenges
02:04 The small and medium-sized enterprises face in their transition to Industry 4.0
02:09 One common challenge is a lack of knowledge about the technologies
02:13 Because if we don't know the technology you don't know really how to use it
02:16 There's also a very big misconception about starting the transformation project
02:21 Will require a lot of investment
02:24 Well that's not always true
02:26 What we will advise them to do is to start a project
02:30 Get some savings and then gradually move on to the next one
02:33 AI is reshaping the world's industries
02:36 And a data special zone in the New Zealand Valley is taking shape near the Hong Kong-Shenzhen border
02:42 What can the Greater Bay Area do to advance China's position in this global AI race?
02:47 Our Hong Kong AI industry development study done last year
02:52 Revealed that 44% of companies face difficulty in collecting data
02:57 While another 16% reported that it takes a long time to gather enough data
03:02 What I would suggest is to use this data special zone
03:06 To attract AI companies from around the world to set up research centers here
03:10 This will not only bring AI talents to GBA
03:13 But also create more job opportunities to nurture the AI talent that we need
03:18 AI is at the forefront of China's push to invigorate its economy
03:22 Through what it calls new productive forces
03:25 As the country grapples with weak demand and a shrinking workforce
03:28 Data-driven industrialization and automation
03:31 Are set to drive the manufacturing powerhouse up the global value chain
03:35 I'm Fei-Hsieh Chi-Tian, Dongguan in Guangdong Province
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