China’s manufacturing purchasing managers’ index (PMI) was 50.1 per cent in September, up 0.7 percentage points from the previous month. The manufacturing sector entered the traditional peak season, with the production index rising to 51.5%, up 1.7 percentage points from the previous month. The prosperity level of large, medium and small enterprises has rebounded… A series of recent data points to an expansion in manufacturing production and a pick-up in sentiment. With the steady growth policy, the industrial chain is effectively operating, and the recovery momentum of the industrial economy has been consolidated.

When you press on the brake, the door will automatically close, turn on the nap mode, and the sound of the waves will help you sleep in your ears, and the wide light blanket will be projected on the front of the car at night. At the New energy Vehicle exhibition area of the 2022 World Manufacturing Conference held earlier, smart cars attracted the marvel of visitors.

Photo taken on Sept. 22, 2019 shows new energy vehicles at the World Manufacturing Conference 2022 in Hefei, East China’s Anhui province. Photo by Zhou Mu/Xinhua News Agency

From January to August this year, the production and sales of new energy vehicles in China completed 3.97 million and 3.86 million, respectively, an increase of 1.2 times and 1.1 times, respectively, contributing to the role of the manufacturing industry in stabilizing the economic market. It is not just new energy vehicles that continue to improve. In recent months, a series of policies to stabilize growth have taken effect, the operating conditions of enterprises have been improved, and industrial production continues to show a recovery trend.

Four steel “robots” with a height of about 20 meters are arranged in two rows in parallel and wave the mechanical lifting arm at the top. On September 29, “Integrated platform for intelligent construction of steel structure industrial plant” was put into use in Zhejiang Zhoushan China Resources Power Standard Plant Project of China Construction Third Bureau Kechuan Company. The platform, independently developed by the third Bureau of China Construction, realizes continuous interspersed operations of each process and provides an industrial solution for the construction of steel structure plants. “Through the development and application of intelligent equipment, we promote intelligent construction, improve construction efficiency and speed up the project schedule.” Project responsible person said.

The business activity index for the construction industry stood at 60.2 percent in September, up 3.7 percentage points from the previous month, according to the National Bureau of Statistics. Construction rose to a high boom zone, indicating a faster expansion in production activity. In September, the production index of food and wine and beverage refined tea, medicine, non-metallic mineral products, ferrous metal smelting and rolling processing, general equipment manufacturing and other industries rose to 54% or above, and the production capacity of enterprises was quickly released.

Tian Yulong, chief engineer of the Ministry of Industry and Information Technology, said that for some time, policies to support stable industrial growth have been introduced to add momentum to enterprises and inject confidence into the market. At the same time, in key regions, key industries, key enterprises and key links, China has made every effort to promote the stable production and increase of relevant subjects, and key industries have accelerated their improvement, injecting momentum into enhancing industrial resilience.

Data from Beijing Industrial Products show that in September, the number of page views of Jingdong Hardware City increased by 95% month-on-month, and the transaction amount increased significantly. “Hardware tools are a typical representative of industrial products, and the good data not only shows that digitalization improves the efficiency of industrial product procurement, but also indicates the expansion of enterprise production.” Cao Xin, general manager of Jingdong Industrial products Platform business department, said.

According to the National Bureau of Statistics, the PMI of medium-sized enterprises was 49.7 percent in September, up 0.8 percentage points from the previous month. The small business PMI came in at 48.3 percent, up 0.7 percentage points from the previous month. The operation of small and medium-sized enterprises has resumed, and the momentum of stabilizing the industrial economy has been further consolidated.

“According to incomplete statistics, since the beginning of this year alone, there have been more than 30 policy measures at the national level to help enterprises, and these policies have played an important role in helping small and medium-sized enterprises rescue.” Ministry of Industry and Information Technology small and medium-sized enterprise bureau director Liang Zhifeng said.

The reporter learned from the Ministry of Industry and Information Technology that the Ministry of Industry and Information Technology has promoted the “million enterprises” large and small enterprises integration docking activities across the country, and has collected more than 110 large enterprises and more than 1,200 specialized new small and medium-sized enterprises more than 2,000 docking needs.

“We will further promote policy measures to take a proactive and appropriate step up.” The relevant person in charge of the Ministry of Industry and Information Technology said that a package of policies will be implemented to stabilize the economy, strengthen the monitoring and scheduling of the operation of key regions, key industries and key enterprises, and make more efforts to help small and medium-sized enterprises to accelerate the recovery of the industrial economy.