Modernization of the industrial system through digital intelligent transformation and green development: Experience of Russia and China

In Russia and China, a course has been outlined to accelerate the transformation of traditional and stimulate the development of strategically important sectors of the economy in order to build a modernized industrial system. The aim of the study is to explore the possibilities of modernizing regional industrial systems in the Vologda Region and Jiangxi Province from the perspective of digital transformation and green development. To achieve this goal, tasks such as analyzing the state of the regional industrial systems of the designated regions, studying the directions of their modernization, and proposing measures to facilitate this process were solved. In traditional sectors of the economy, the processes of transformation and integration of the real and digital sectors of the economy are accelerating. At the same time, the promotion of the synergy of digital intellectual transformation and green growth is hindered by the weak competitiveness of industries concentrated in the middle and lower links of regional value chains, the lack of necessary technologies, and uncertainty in value chains. In order to overcome these obstacles, it is important to form industrial clusters in promising sectors of the economy, focus on the development of traditional industries, encourage enterprises to use scientific and technological achievements in production, introduce digital platforms, and apply a number of measures aimed at accelerating the integration of the real and digital sectors of the economy. The novelty of the conducted research lies in identifying trends in digital intellectual transformation and green development of regional industries, as well as in forming a set of measures that contribute to the activation of these processes. The information base of the study was made up of data from the Federal State Statistics Service and the National Bureau of Statistics of China, as well as foreign and domestic research in the field of industrial system modernization. The results of the study can be used by regional authorities in the development of strategic documents to substantiate the directions of economic policy.