Driven by the recovery of production and market demand, purchasing activities of manufacturing enterprises have increased significantly. The manufacturing purchasing managers’ index (PMI) stood at 50.8 percent in March, up 1.7 percentage points from the previous month and above the critical point, according to data released by the National Bureau of Statistics on March 31. Data from Taobao Industrial products show that since the Spring Festival resumed work, the purchase amount of industrial products on the platform has increased by 10% year-on-year.

XV-440-10TVB-1-50 “Professional materials directly related to manufacturing production are the core demand for enterprise procurement, of which hardware, equipment, electronic control and other products sales are in the top five fastest growing, which shows that the production of enterprises continues to expand, and the confidence in the development of the industry.” Taobao industrial products related person in charge of Chen Yedong told reporters.

While the industrial economy as a whole has picked up, new drivers have been nurtured and strengthened. On March 28, Chengdu started the construction of 40 major industrial projects, covering electronic information, medicine and health, new materials, equipment manufacturing and other key industrial fields; Among the first batch of major projects to start mobilization in Anhui Province this year, the ten emerging industry projects accounted for 55%… Since the beginning of this year, a number of industrial projects to cultivate new quality productivity have accelerated construction in many places across the country.

According to the latest data from the Ministry of Industry and Information Technology, investment in high-tech manufacturing increased by 10% in the first two months. For example, the output of service robots, 3D printing equipment and other products increased by 22.2% and 49.5%, respectively, and the output of charging piles and monocrystal silicon increased by 41.8% and 65.5%, respectively.

In addition, many enterprises have further increased their investment in digital intelligence. At present, 5G industry applications have been integrated into 71 national economic categories, and 5G applications have been deeply promoted in the industrial field. The country has built 62 lighthouse factories, and the digitalization level of enterprises has been greatly improved.

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Looking forward to the next step, the relevant support measures will continue to consolidate and strengthen the recovery of the industrial economy. Zhao Zhiguo, chief engineer of the Ministry of Industry and Information Technology, said at a recent press conference of the State New Office that it will continue to XV-440-10TVB-1-50 make efforts to stabilize growth, expand demand, foster momentum and improve the environment.

Among them, it will accelerate the implementation of large-scale equipment renewal and other policies, and implement manufacturing technology transformation and upgrading projects. We will promote the upgrading of traditional industries, promote technological innovation and large-scale development of emerging industries such as smart connected vehicles and new materials, make forward-looking plans for future industries such as artificial intelligence and quantum technology, and accelerate the development of new quality productivity. Continue to promote the work of reducing burdens for enterprises and help enterprises reduce costs and increase efficiency.

“With the obvious effect of the macro combination policy, industrial production will grow rapidly, market demand will continue to recover, and the recovery of the industrial economy will be further consolidated.” Guan Bing thinks. However, she also said that the current foundation for the steady recovery of China’s industrial economy is not yet solid, and it is still necessary for many parties to continue to make efforts to solve the problems of the continued lack of effective demand, the continuation of old and new momentum, and the operation difficulties of some enterprises.

In this regard, Guan Bing suggested that both sides of supply and demand make efforts to promote the recovery of consumption, optimize the external development environment, and further expand open cooperation. We will continue to drive both traditional industries and strategic emerging industries, shift the drivers of growth, guide local governments to develop in accordance with local conditions and in a differentiated manner, and foster industries with unique strengths. Targeted measures were taken to help enterprises reduce costs and burdens, and the effectiveness of various rescue policies to help enterprises was fully released.