Study on the digital transformation of China's manufacturing and the development of real economy

At present, China's economy is in a period of shifting gears and transformation, and the original competitive advantages of the manufacturing industry are gradually declining, resulting in a continued decline in the entity investment rate. This article starts from the perspective of digital transformation that releases "entity" potential or intensifies the competitiveness of "virtual" characteristics of manufacturing, constructs a theoretical framework for digital transformation to empower manufacturing enterprises to materialize or intensify financialization, and systematically explains and reveals the digital transformation of manufacturing enterprises Impact on the real economy. Studies have shown that the digital transformation of manufacturing companies has significantly improved their adherence to their main business and entity investment and restrained them from "moving from the real to the virtual". Further research found that enhancing the core competitiveness of manufacturing enterprises' products, expanding the strategic layout of the market and operating management efficiency are important paths for the digital transformation of manufacturing enterprises to empower entity development. In addition, this study provides policy reference for effectively promoting the integration of the digital economy and the real economy, realizing the high-end transformation of the global value chain, and preventing the potential risks of "Shift from real to virtual".