“Corporate earnings tend to improve, confidence has been boosted, and the willingness to actively restock has increased, which will help drive the next stage of economic growth rebound.” China Minsheng Bank research Institute macroeconomic research center director Wang Jingwen analysis said.

“In the next stage, we need to focus on three things to improve the profitability of industrial enterprises.” Deng Zhou, director of the Industrial Development Research Office of the Institute of Industrial Economics of the Chinese Academy of Social Sciences, told reporters that one is to enhance confidence, including the support of the capital market for the real economy. The second is to enhance the foundation, including basic industrial sectors, basic industrial technological breakthroughs, basic processes, and basic software guarantees. Third, promote transformation and upgrading, and adhere to the direction of industrial integration and digital green.

Unleash momentum: High-tech manufacturing is playing a more leading role

Among a series of indicators of the operation of the industrial economy, one set of data stands out:

In the first three quarters of this year, the output of solar cells and charging piles increased by 63.2% and 34.2%, respectively, and the production and sales of new energy vehicles increased by 33.7% and 37.5% year-on-year, respectively – the overall performance of the “new three things” is stable, and the new kinetic energy in China’s industrial manufacturing field continues to gather.

“The leading role of high-tech manufacturing has become increasingly apparent, indicating that China’s industrial transformation has accelerated, new drivers have accelerated growth, and the real economy has a stronger ability to withstand the impact of domestic and foreign uncertainties.” In addition, the proportion of new energy generation in total power generation is gradually increasing, and the future green and low-carbon related industrial chain is expected to maintain rapid growth, becoming an important driving force for stable industrial growth.” Ccid Institute of industrial economic research Institute director Guan Bing told reporters.

Today, the extension of strategic emerging industries is still expanding. For example, the new energy industry has formed the linkage development of new materials, a new generation of information and communication, and a large model, and has formed a new growth point.

Hangzhou Jihua Polymer Materials Co., Ltd. is the head of the field of non-stick cookware coating enterprises, the company’s chief engineer Qian Tao told reporters that they are laying out the new energy field, develop insulation coating suitable for the field of new energy vehicles, continue to play the special coating high temperature resistance, sealing and other unique advantages, occupy a place in the field of new energy.

Behind the rapid growth of new growth drivers, investment in high-tech industries has contributed greatly. Data from the Ministry of Industry and Information Technology show that in the first three quarters, manufacturing investment increased by 6.2% year-on-year, of which high-tech manufacturing investment increased by 11.3% year-on-year, maintaining double-digit growth for 36 consecutive months, becoming a bright spot in economic operation. “The rapid growth of investment in high-tech manufacturing will continue to optimize the investment structure, and then optimize the supply structure, promote the continuous expansion of new products, new industries and new business forms, and release new drivers of economic growth.” Industry experts told reporters.

Strong industrial chain supply chain production advantages and ultra-large scale market advantages are constantly stimulating the enthusiasm of foreign investment. Data from the Ministry of Commerce show that in the first eight months of this year, the actual use of foreign capital in China’s high-tech manufacturing industry increased by nearly 20%, and in the first three quarters, the actual use of foreign capital in high-tech manufacturing industry increased by 12.8%.

“The importance of large international companies to the Chinese market is beyond many people’s imagination. China is the cornerstone of world economic development, contributing 30 percent of world economic growth. We are determined to develop and believe that China’s potential is still there.” Said Wang Rui, senior vice president of Intel Corporation and chairman of Intel China.

Ben Simpfendorfer, managing partner at Oliver Wyman, stressed: “China will remain a global hub for high-tech manufacturing for a long time to come. Multinationals will continue to invest in China to support and serve Chinese consumers.”

Tao Qing, director of the Operation Monitoring and Coordination Bureau of the Ministry of Industry and Information Technology, said that the Ministry of Industry and Information Technology will speed up the cultivation of new drivers for industrial development and promote the integration and docking of the innovation chain, industrial chain, capital chain and talent chain. The next step will be to accelerate the strengthening of the chain of short-board industries, the extension of the chain of advantageous industries, the upgrading of the chain of traditional industries, and the construction of the chain of emerging industries, to promote the construction of new growth engines, and expand the development space.

Transformation and upgrading: The new generation of information technology is accelerating the empowerment of the real economy

At Lunan Zhonglian Cement Co., LTD., more than 600 sensors are deployed on key equipment and processes to accurately collect data during cement production. The application of Inspur Yunzhou Bianque equipment health management system and cement digital twin simulation system can increase production efficiency by 5% and reduce equipment failure rate by 50%. Traditional industrial enterprises are improving efficiency and reducing costs through digital upgrading, and expanding development space.