2021 Industrial Park Series: macro research report on the development of China’s industrial clusters

The development of industrial clusters is a typical mode of resource integration and utilization

From the perspective of definition, industrial clustering refers to various types of subjects, such as downstream enterprises, industry associations and government agencies, achieving inter industry synergy by gathering in the same region, so as to give play to the effect of economies of scale and maximize value output. From the academic level, the development of industrial clusters is essentially the performance of convergence, concentration, simplification and economy of productivity factors. Under the original development model, enterprises in the same industry are scattered, and the synergy efficiency of upstream and downstream industries is low. At the same time, manufacturing industries are also facing pain points such as long transportation distance. At the same time, the communication between enterprises and relevant departments directly under them is insufficient or causes a series of problems, such as insufficient implementation of regulatory requirements, lack of policy subsidy information and so on. Therefore, with the development of economy, the mode of industrial cluster operation gradually replaces the traditional scattered industrial distribution, and realizes the high-quality development of the industry more efficiently and conveniently.

Industrial clusters with the basis of three core elements have good endogenous attraction and exogenous ability

Combined with the current development of industrial clusters in China, excellent industrial cluster cases (Yangtze River Delta, Pearl River Delta, etc.) generally have two characteristics when the three elements are excellent, namely endogenous attraction and exogenous ability. Endogenous attraction represents the ability of the region to attract enterprises to gather and form rich and diversified industrial clusters; Exogenous capability represents the external influence and business opportunities of the industrial cluster. Endogenous attraction ensures that industrial clusters can have hematopoietic ability and competitiveness, while exogenous ability ensures that industrial clusters have sustainable business cooperation opportunities and viability. Therefore, endogenous gravity and exogenous power can form a sustainable virtuous circle and help industrial clusters develop continuously for the better, rather than forming industrial clusters that lack the ability of sustainable development due to the forced intervention of local governments.

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