DS200SSBAG1BAA In recent years, what are the achievements of China’s industrial development? What are the specific tasks for scientific and technological innovation to lead the construction of a modern industrial system? How to vigorously promote new industrialization in the next step? In response to these questions, Jin Zhuanglong, Secretary of the Party Group and Minister of the Ministry of Industry and Information Technology, recently answered questions from reporters.

Standing at a new and higher starting point, we will consolidate and strengthen the recovery of the industrial economy

Reporter: In recent years, what achievements have been made in China’s industrial development? What is the current development trend of industrial economy? What will be the next step?

Jin Zhuanglong:

DS200SSBAG1BAA China insists on the focus of economic development on the real economy, the pace of new industrialization has been significantly accelerated, the overall strength of the industry, quality and efficiency, innovation, competitiveness, and risk resistance have been significantly enhanced, and industrial development stands at a new and higher starting point.

The unique advantages of “whole”, “many” and “large” industries are more obvious. First, the system is complete. China has 41 industrial categories, 207 industrial categories and 666 industrial subcategories, and is the only country in the world with all industrial categories in the United Nations industrial classification. Second, there are many varieties. In 500 kinds of major industrial products, China has more than 40% of the product output ranked first in the world, personal DS200SSBAG1BAA computers, mobile phones, air conditioners, solar panels and other important products output accounted for more than half of the world. Third, the scale is large. In 2022, China’s total industrial added value will reach 40.16 trillion yuan, accounting for 33.2% of GDP; The added value of the manufacturing sector reached 33.5 trillion yuan, almost double that of 2012. China is the world’s largest manufacturing country, manufacturing value added accounted for about 30% of the global proportion, ranking first in the world for 14 consecutive years.

DS200SSBAG1BAA The pace of manufacturing “getting stronger” continues to accelerate. The industrial structure has been upgraded at a faster pace, with the added value of high-tech manufacturing increasing from 9.4% in 2012 to 15.3% in the first three quarters of 2023, and the proportion of equipment manufacturing increasing from 28% to 32.9%. In some key areas and key racetracks, a number of competitive industries with the whole industrial chain have been formed. Export structure continued to improve, the first three quarters of 2023, new energy vehicles, lithium batteries, photovoltaic products and other “new three” total exports increased by 41.7%. The regional layout has been continuously optimized, 45 national advanced manufacturing clusters have been built, and the output value of the leading industries has exceeded 10 trillion yuan, accounting for about 30% of the total output value of the subordinate industries.

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DS200SSBAG1BAA The information and communication industry has developed by leaps and bounds. China has built the world’s largest and technologically advanced information and communication network, ranking second in the world in terms of computing power, and built 3.282 million 5G base stations to provide gigabit access to cities, 5G access to counties, and broadband access to villages. The technology industry has realized the transformation from “following imitation” to “leading innovation”, the global proportion of 5G standard necessary patent claims has reached 42%, and the research and development of cutting-edge technologies such as 6G and quantum communication is in the first camp in the world. Convergence applications accelerate the whole process of economic and social fields, China has become the world’s largest and most active digital consumer market, industrial Internet applications have been integrated into 49 national economic categories. The overall scale of the cybersecurity industry has exceeded 200 billion yuan.

DS200SSBAG1BAA On the whole, China’s industrial development has made great progress, but it is still at an important threshold of becoming stronger and climbing uphill. At present, the determinative factors and favorable conditions for sustainable development in China are increasing, especially the National Conference on the Promotion of New Industrialization held from September 22 to 23 last year, which has injected strong confidence and strength into our work. In addition, China is also facing a new round of scientific and technological revolution and industrial change brought historic opportunities, in recent years by seizing the “first hand chess”, a new generation of information technology, new energy and other key areas have formed a first-mover advantage. Going forward, we have the confidence and ability to seize opportunities and meet challenges, make new breakthroughs and achievements in the new type of industrialization, and lay a strong material and technological foundation for the Chinese-style modernization.

DS200SSBAG1BAA Industry plays the role of “ballast stone” in stabilizing the macro-economic market. At present, China’s industrial economy shows a good trend of recovery. In the first 11 months of last year, the added value of industrial enterprises above designated size increased by 4.3% year-on-year, 0.7 percentage points higher than that in 2022, especially since August, the growth rate has accelerated month by month. This year, we will continue to make every effort to promote the steady growth of the industrial economy and hit a combination of policies. We will thoroughly implement the work plan for maintaining steady growth in ten key industries, and support large industrial provinces and key provinces and cities in continuing to take the lead. We will consolidate and enhance the role of key regions such as the Beijing-Tianjin-Hebei region, the Yangtze River Delta, Guangdong, Hong Kong and Macao as sources of power and poles of growth, and guide central cities and key city clusters to highlight their distinctive strengths and achieve differentiated development. We will promote the coordinated efforts of the “troika” of consumption, investment and export, boost large-scale consumption of new energy vehicles and electronic products, and explore and cultivate new consumption growth areas such as smart homes and domestic “fashion goods”. We will accelerate the implementation of major projects under the 14th Five-Year Plan, support enterprises in technological upgrading, and expand effective investment in the manufacturing sector. We will consolidate and improve the advantages of the “new three types” of exports, stabilize and expand exports of industrial products, and create more new growth points for exports.