Data released by China Enterprise Confederation on August 22 shows China's manufacturing industry, as a major economic power to support sustained and rapid economic development, has developed into an independent and complete industrial system. China continues to strengthen its advantage as the world's first manufacturing power.

The threshold for China's top 500 manufacturing enterprises has risen from 6.71 billion yuan at the first half to 6.81 billion yuan and total revenue and net profits continue to keep growing, according to the core data of China's Top 500 Enterprises released by the confederation.

Sustained and strengthened advantages require a strong innovation-driven support. In 2015, a total of 481.465 billion yuan was injected into research and development (R&D) of 473 firms, 7.09 percent more compared to the previous year.

The top five companies which have invested most in R&D are Huawei (40.85 billion yuan), Aviation Industry Corporation of China (23.43 billion yuan), China Aerospace Science and Industry Corp.( 18.18 billion yuan), First Auto Works (11.89 billion yuan) and China Shipbuilding Industry Corp.(10.76 billion yuan).

However, data shows the manufacturing industry saw a slowdown in growth and a drop in profit. The profit fell from 30 percent in 2010 to less than 20 percent recently.

The insiders believe that the "One Belt, One Road" initiative will provide opportunity to Chinese enterprises for "going out". They should grasp the opportunity and improve the quality and level of China-made products.