On June 14, at the “China This Decade” series themed press conference held by the Publicity Department of the CPC Central Committee, Xin Guobin, Vice minister of the Ministry of Industry and Information Technology, said that China’s manufacturing intermediate goods trade accounted for about 20% of the world’s total.

Xin Guobin said that in the past ten years, China has focused on strengthening, improving and expanding the manufacturing industry, and the comprehensive strength and international influence of the manufacturing industry have been greatly improved.

From 2012 to 2021, the industrial added value will increase from 20.9 trillion yuan to 37.3 trillion yuan, with an average annual growth of 6.3 percent. The added value of the manufacturing industry increased from 16.98 trillion yuan to 31.4 trillion yuan, and its share in the global market increased from about 20% to nearly 30%.

85UVF1A-1QD

Xin Guobin introduced that the output of more than 40% of the 500 major industrial products in China ranks first in the world. The complete advantages of the industrial system have been further consolidated, with 41 industrial categories, 207 industrial medium categories, and 666 industrial subcategories. The resilience and competitiveness of the industrial chain and supply chain have continued to improve, effectively enhancing the ability of the Chinese economy to cope with external shocks.

Xin Guobin pointed out that the development of manufacturing industry has significantly enhanced the people’s sense of gain, energy-saving smart home appliances are fully popularized, and cars have quickly entered ordinary people’s families. The number of cars owned by 1,000 people has increased from 89 in 2012 to 208 in 2021, which is still a very big progress. Opening-up and cooperation have been deepened, and the global share of intermediate goods trade in manufacturing has reached about 20%.

In addition, Xin Guobin also said that in the past decade, China has focused on cultivating high-quality enterprises, and the strength and competitiveness of manufacturing enterprises have been significantly enhanced. A large number of leading enterprises stood out, the number of industrial enterprises listed in the world’s top 500 enterprises reached 73, and the asset scale of industrial enterprises above designated size doubled, and more than 40,000 specialized and special small and medium-sized enterprises, 4,762 small giant enterprises, and 848 manufacturing champion enterprises have been cultivated.