On the morning of June 14, the eighth “China this Decade” series theme press conference was held, focusing on the achievements of industrial and information development since the 18th National Congress of the Party. Xin Guobin, vice minister of the Ministry of Industry and Information Technology, said that the industrial economy is the main body of the national economy and the core growth engine. The author believes that the industry is duty-bound to stabilize the economic market, strive to promote the economy to return to the normal track, and ensure that it operates in a reasonable range. This “show of strength” of China’s industry has released a triple signal that industrial development has the ability, momentum and potential to ensure stable economic growth.

The first important signal: China’s industrial development has the ability to ensure stable economic growth.

From 2012 to 2021, industrial added value will grow at an average annual rate of 6.3 percent. The share of manufacturing value added in the global economy has increased from about 20% to nearly 30%. More than 40% of the 500 major industrial products rank first in the world; It has 41 industrial categories, 207 industrial medium categories and 666 industrial sub-categories, and the resilience and competitiveness of the industrial chain and supply chain have been continuously improved. The mobile network has achieved a breakthrough from 3G, 4G synchronization, and 5G. The application of the industrial Internet has covered 45 national economic categories, the number of industrial apps has exceeded 600,000, and the market share of industrial software in the management category has reached 70%.

This set of data is the epitome of our march from “manufacturing power” and “network power” to “manufacturing power” and “network power”. After realizing such a historic leap, China’s industry has already had considerable competitive strength in the international arena, and the acceleration of development will become more and more obvious. Even in 2020 and 2021, which were severely affected by the COVID-19 epidemic, the average growth rate of China’s industrial added value still reached 6.1%, much higher than the average annual growth rate of about 2% in the same period of the world. The average GDP growth rate in the past two years was 5.1%.

The second signal: China’s industrial development has the momentum to ensure steady economic growth.

Xin Guobin said that we are also soberly aware that there are still some problems in the development of industry and information technology, the supply system cannot fully meet the needs of consumption upgrading, and there are many weaknesses in the key areas and key links of the industrial chain and supply chain.

At present, the principal contradiction facing Chinese society has evolved into the contradiction between unbalanced and inadequate development and the people’s ever-growing needs for a better life. In the past decade, China’s efforts to actively cultivate emerging industries have produced results, and key industries such as new energy vehicles, smart phones, and consumer-grade drones have ranked among the top in the world, and the production and sales volume of new energy vehicles have ranked first in the world for seven consecutive years. Here are a few pictures of China’s economic transformation and upgrading.

China’s economy needs to be transformed and upgraded, and the consumption of 1.4 billion people is also facing transformation and upgrading. Good quality and low price is good, but more consumer groups will pay attention to the quality and experience of products. This is the people’s growing need for a better life, and the supply side should adapt to this change. This change in consumption trend is the dynamic driving force of China’s economic development.

The third signal: China’s industrial development has the potential to ensure steady economic growth.

In the past decade, China’s industrial economy has made qualitative breakthroughs. In some areas, intelligent manufacturing has reached the international advanced level. The proportion of high-tech manufacturing and equipment manufacturing in the value-added of industrial enterprises above designated size has increased from 9.4 percent and 28 percent in 2012 to 15.1 percent and 32.4 percent in 2021. The number of industrial enterprises listed in the world’s top 500 enterprises reached 73; In terms of brand creation, in 2021, 24 brands in the field of industry and information technology were selected as the world’s top 500 brands, an increase of 14 over 2012.

The above data can be regarded as the achievements of the past ten years, and it can also be regarded as the direction of future efforts. This is also the potential of our industrial development. Now China’s industrial base is still consolidating, more than 40,000 specialized new small and medium-sized enterprises, 4,762 small giant enterprises, 848 manufacturing individual champion enterprises, in another ten years, the world’s top 500 Chinese industrial enterprises will be how many?

Through this press conference, we have a clearer understanding of the strength of China’s industry, which can also draw a conclusion: China’s industrial development is good, the stable economic growth of the confidence will be sufficient.