Research on Upgrading Path of China's Equipment Manufacturing Industry Under the Background of Digital Economy
China's equipment manufacturing industry is at a critical stage of transformation and upgrading from traditional manufacturing to digital manufacturing.Investigating how the digital economy drives the upgrading of equipment manufacturing industry is of great value in accelerating the construction of a manufacturing powerful country and achieving high-quality economic development.Based on the sur-vey data of the top 100 listed companies in China's equipment manufacturing industry,nine key influencing factors are extracted from the three dimensions of external environment,internal capabilities,and strategies and organizations that link the internal and external environment,and then the structural equation model is used to explore their role in the upgrading of equipment manufacturing enterpri-ses.The study found that the external environment,internal capabilities,strategies and organizations all have a path impact on the up-grading of equipment manufacturing enterprises.Furthermore,according to the action mode of three dimensions,the upgrading path of equipment manufacturing enterprises is divided into three types named as internal upgrading mode,external upgrading mode,and inte-grated internal and external upgrading mode.The research conclusion proposes to promote the upgrading of China's equipment manufac-turing enterprises by optimizing the external environment,strengthening internal capabilities,and restructuring strategies and organiza-tions.
Digital economyEquipment manufacturing industryUpgrading pathStructural equation model