The Impacts of CPS Strategic Capability on the Upgrading of Chinese Manufacturing Structure under the Theory of Value Co-creation Based on the Regression Model

Intelligent manufacturing is a new direction for the transformation and upgrading of manufacturing industry. This study constructs regression model and uses the balanced panel data of 30 provincial-level regions from 2008 to 2016 to explores the impact of the construction and promotion of intelligent manufacturing CPS strategic capabilities on the upgrading of manufacturing structure from the perspective of value co-creation theory. The empirical results show that CPS strategic capability has a significant positive impact on the elevation of the manufacturing structure, namely for every 1% increase in CPS strategic capability, the advanced level of manufacturing structure in the sample area increases by an average of 34.8%, and the impact of CPS strategic capability on the elevation is more prominent in economically developed regions and regions with a high level of manufacturing elevation. Mechanism analysis shows that CPS strategic capabilities have optimized and promoted the upgrading of manufacturing structure from five levels: information mapping capability, digital value-added capability, resource coordination capability, intelligent analysis capability and value co-creation capability. On this basis, three suggestions are summarized: increase the input of intelligent innovation, strengthen the optimization of organizational resources, improve the value co-creation ability of manufacturing enterprises, and finally realize the upgrading of manufacturing value chain.