China has entered the core area of manufacturing global value network, but it is facing the dilemma of the dual paradox of strong competitiveness and strong fragility in the industrial chain. The development of industrial interconnection infrastructure and manufacturing servitization is becoming the new power point of the transformation and upgrading of China’s manufacturing. Under the background of the game between big countries and the new technological reform, the industrial interconnection technology and infrastructure, based on its own capital characteristics, technical characteristics and digital characteristics, empower the servitization transformation of manufacturing, and improve the service output of manufacturing products and non-manufacturing, which increases the service value of manufacturing enterprises. The purpose of servitization transformation of manufacturing is to realize the upgrading of value chain. Industrial interconnection builds industrial ecosystem by enabling servitization of manufacturing industry to support the development of Chinese-style modern industrial system, improve the vulnerability of industrial chain and solve the binary paradox of industrial chain, and promote the upgrading of global value chain of manufacturing industry. In the process of the rise of new industries, it is necessary for the government to guide construction of modern system for new manufacturing, new format innovation, domestic and international dual circulation and value endowing through differentiated public service supply, so as to improve economic governance.