Measures to Stabilize Growth in Ten Key Industries Implemented to Boost Industrial Operations
Market Information Network 2023-09-06 16:37:29 Source: Xinhuanet
In a press conference on the steady growth of key industries held by the Ministry of Industry and Information Technology, it was announced that work plans have been released for the steady growth of industries such as automobiles, electronic information manufacturing, and machinery. These plans aim to stabilize the operations of the ten key industrial sectors contributing significantly to GDP.
During the first seven months of this year, the added value of industrial enterprises above designated size increased by 3.8% compared to the previous year, indicating a positive development trend. Industrial fixed asset investment also continued to expand, growing by 8.5% year-on-year. Additionally, the reduction in the total profit of industrial enterprises above a designated size has been gradually narrowing since the beginning of the year.
Tao Qing, the director of the Campaign, the Monitoring and Coordination Office of the Ministry of Industry and Information Technology, stated that despite some challenges, China’s industrial economic productivity remains ahead of other major economies in the world, reaffirming the continued recovery trend. The Ministry of Industry and Information Technology, in collaboration with relevant departments, has formulated policies and measures to stabilize the growth of ten large manufacturing industries including iron and steel, non-ferrous metals, petrochemicals, chemicals, building materials, machinery, automobiles, electric power equipment, light industry, and electronic information manufacturing. These measures address various aspects such as scale, relevance, and driving force, as these industries together account for approximately 70% of the industry sector’s size and exhibit extensive industrial chains and high correlation. Stabilizing these key industries will ultimately stabilize the industrial economy as a whole.
Tao Qing emphasized that the main constraints affecting the stable operation of the industry have been systematically addressed through multiple discussions and exchanges with industry associations, key enterprises, and industry experts. This collaborative effort aims to enhance the implementation and relevance of the stable growth plan. The measures to stabilize growth in these industries focus on both supply and demand sides to create policy synergy.
On the demand side, efforts will be made to restore and expand demand in key areas by promoting investment, consumption, and exports. For instance, government investment funds such as the National Manufacturing Transformation and Upgrading Fund and the Small and Medium-Sized Enterprises Development Fund will play a pivotal role in boosting effective investment. Major projects in key areas like petrochemicals, integrated circuits, and new displays will be orderly constructed. The “three products” campaign will be intensified to stimulate domestic demand potential, including promoting the use of new energy vehicles, smart home appliances, and green building materials. The publication of product promotion catalogs for elderly products and the promotion of educational and outdoor products will further expand demand in the light industry sector.
International market exploration is also a significant focus of the growth strategy. The plan calls for the establishment of a high-level international supply and demand docking platform across various industries, encouraging enterprises to align their research and development efforts with international demand, produce competitive products, and strengthen the export of industrial products. The export of new energy vehicles, in particular, has witnessed a strong growth trend, with 636,000 units exported during the first seven months, a year-on-year increase of 1.5 times. Thus, the plan explicitly encourages car companies to accelerate the research, development, and production of car products for the international market, especially in countries along the “Belt and Road” and emerging markets.
From the supply side, the focus is on building a high-quality supply system, stabilizing industries, fostering enterprises, establishing standards, and stimulating endogenous power for industrial growth. The plans highlight the need to enhance the resilience of industrial and supply chains, particularly in sectors like petrochemicals, non-ferrous metals, and automobiles. This involves accelerating the development and use of strategic resources, improving key element guarantee levels, and ensuring the stability of supply and prices for key products. In industries such as light industry, measures will be taken to support the cultivation of small and medium industrial clusters in areas such as plastic products, hardware products, lighting equipment, and cosmetics. The automobile industry will focus on the development and promotion of technologies like automotive chips, solid-state batteries, operating systems, and high precision sensors. Similarly, the electronic information manufacturing industry will emphasize integrated circuits, new displays, and servers, while promoting the upgrading of traditional industries and fostering emerging ones.
Yang Xudong, deputy director of the Electronic Information Department of the Ministry of Industry and Information Technology, emphasized the need to comprehensively improve the stability of the supply chain and promote industry clustering. This includes carrying out industrial transfer pruning activities to facilitate the orderly transfer of industries both domestically and abroad.
In its pursuit of stable industrial growth, the Ministry of Industry and Information Technology will collaborate with other relevant departments such as the National Development and Reform Commission and the Ministry of Commerce, forming a joint force. Furthermore, the ministry will continually study and plan policy measures based on industrial economic development. Improved communication mechanisms with leading manufacturing enterprises and small and medium-sized enterprises will be established to enhance policy accuracy and effectiveness, ensuring policies meet their respective needs. The goal is to utilize policies optimally to seize the critical stage of the current economic transformation and upgrading, promoting industrial economic transformation, structural adjustments, increased momentum, and the overall development of high-quality industries.
Original manuscript link:
http://www.news.cn/fortune/2023-09/05/c_1129846159.htm
Editor in chief: Liu Jiaming
Measures to stabilize growth in ten key industries have been introduced one after the other to work together to stabilize industrial operations
Market Information Network 2023-09-06 16:37:29 Source: Xinhuanet Comments:
The reporter learned from the press conference on the steady growth of key industries held by the Ministry of Industry and Information Technology on the 5th that the Ministry of Industry and Information Technology and relevant departments have recently released work plans for the steady growth of industries such as automobiles, electronic information manufacturing, and machinery. So far, the fixed growth plans for the ten key industrial industries that have made a high contribution to GDP have been announced and implemented. Through joint policy efforts, we will demand supply and demand, and consolidate further the foundation for a stable industrial. growth.
In the first seven months of this year, the added value of industrial enterprises above designated size increased by 3.8% year on year, and the overall recovery has maintained a positive development trend. Industrial fixed asset investment increased by 8.5% year on year, maintaining steady expansion. The reduction in the total profit of industrial enterprises above a designated size has narrowed from month to month since the beginning of the year.
“There have been some twists and turns in the recovery process of my country’s industrial economic productivity, but it is still in the lead among the world’s major economies, and the trend of continued recovery has not changed.” Tao Qing, the director of the Campaign, the Monitoring and Coordination Office of the Ministry of Industry and Information Technology said at the meeting that the Ministry of Industry and Information Technology, together with relevant departments, selects large manufacturing industries such as iron and steel, non-ferrous metals, petrochemical, chemicals, building materials, machinery, automobiles, electric power equipment, light industry, and electronic information manufacturing to formulate policies and measures to stabilize growth.
Tao Qing told reporters that the measures to stabilize growth in these ten industries mainly consider several aspects such as scale, relevance and driving force. It is reported that these ten industries together account for about 70% of the industries above a designated size, and all of them have the characteristics of long industrial chains and high correlation. “The stabilization of these key industries will essentially stabilize the industrial economy.”
“We have systematically resolved the main constraints affecting the stable operation of the industry, and have discussed and exchanged with relevant industry associations, key enterprises, and industry experts many times to improve the relevance and effective implementation of the stable growth plan.” Tao Qing said that the ten industry Measures to stabilize growth, make efforts from both supply and demand sides, and strive to form policy synergy.
From the demand side, efforts should be made to restore and expand demand in key areas, and promote investment, consumption, and export synergy.
For example, in terms of expanding effective investment, the emphasis is on giving full play to the role of government investment funds such as the National Manufacturing Transformation and Upgrading Fund and the Small and Medium-Sized Enterprises Development Fund, and to lead and drive social enterprises. capital to increase investment. Promote the orderly construction of major projects in key areas such as petrochemicals, integrated circuits, and new displays.
Intensively carry out the “three products” campaign of consumer goods and raw materials, organize new energy vehicles, smart home appliances, and green building materials to go to the countryside, and accelerate the promotion and application of innovative products such as industrial machinery, high-end equipment medical, and robots… A series of measures focus on fully stimulating the potential of domestic demand.
Publish product promotion catalogs for elderly products, and vigorously promote educational, model, outdoor and baby and children’s sports products. In the light industry’s steady growth measures, “one old and one young” attracted attention.
“According to estimates, the market size of my country’s elderly products will reach 4.6 trillion yuan in 2022, with an average growth rate of 10% in the past two years. Baby and children’s products are also hot spots in the market. ” He Yaqiong , director of the Department of Consumer Products Industry of the Ministry of Industry and Information Technology, told reporters It is necessary to tap new growth points and expand demand space while optimizing the supply of products and services for the elderly, infants and children.
International market exploration is also a constant growth focus. The reporter combed and found that, from light industry to automobiles and machinery, the plan proposes to build a high-level international supply and demand docking platform, encourage enterprises to increase research and development efforts in line with international demand, produce salable products, and consolidate . export of industrial products.
Since the beginning of this year, the export of “three new products” has been strong. During the first seven months, 636,000 new energy vehicles were exported, a year-on-year increase of 1.5 times. Taking advantage of the positive trend, in the measures to stabilize the growth of the car industry, clearly encourage car companies to accelerate the research and development and production of car products for the international market, and increase the development of countries along the “Belt and Road ” and emerging markets.
From the supply side, focus on building a high-quality supply system, stabilize industries, foster enterprises, establish standards, and stimulate endogenous power for industrial growth.
Improving the resilience of industrial and supply chains. Plans for stabilizing growth in petrochemicals, non-ferrous metals, and automobiles have all been clearly proposed to accelerate the development and use of strategic resources, improve the level of guarantee of key elements, and strengthen the stability of supply and price of key products.
In the field of light industry, support plastic products, hardware products, lighting equipment, cosmetics and other industries to cultivate a group of small and medium industrial clusters; in the field of automobiles, supporting the development and promotion of technologies such as automotive. chips, solid state batteries, operating systems, and high precision sensors Application; In the electronic information manufacturing industry, focus on integrated circuits, new displays, servers and other fields, and promote the supplementary chain of short-board industries, the extension of advantageous industries, the upgrading of traditional industries, and the construction of emerging industries. r obvious… A series of measures focus on upgrading the industrial chain Competitive ability and innovation of enterprises.
“We will accelerate further developments in key materials, equipment, and weak links in processes to ensure the supply of high quality products.” Yang Xudong, deputy director of the Electronic Information Department of the Ministry of Industry and Information Technology, said at the meeting. meeting that it will comprehensively improve the stability of the supply chain of the industrial chain and focus on promoting Clustering, promoting the orderly transfer of industries at home and abroad by carrying out industrial transfer pruning activities.
Tao Qing said that the Ministry of Industry and Information Technology will strengthen cooperation with the National Development and Reform Commission, the Ministry of Commerce and other departments to form a joint force. At the same time, according to the development of the industrial economy, we will study and plan further policy measures, improve the normal communication mechanism with leading manufacturing enterprises and small and medium enterprises, and strengthen the accuracy and effectiveness of policies based on needs initiatives, in order to make the best possible use of policies. “Seize the critical stage of the current economic transformation and upgrading, promote industrial economic transformation, adjust structure, increase kinetic energy, and promote high-quality industrial development.”
Original manuscript link:
http://www.news.cn/fortune/2023-09/05/c_1129846159.htm
Editor in charge: Liu Jiaming
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