The economic data of the first three quarters have been released recently, and the industrial trend has attracted much attention. How is the industrial economy developing in the face of pressure challenges? What measures will be introduced to stabilize the industry next? At the press conference of the State New Office held on the 20th, the relevant person in charge of the Ministry of Industry and Information Technology responded.

The momentum of industrial recovery has been consolidated

Since the beginning of this year, the effect of a number of stable economic policies has continued to appear, and various departments have launched a series of measures to support the development of the manufacturing industry. With the promotion of policies and the efforts of all sectors of the industry, the momentum of recovery and development of the industrial economy has been consolidated.

Data released at the meeting showed that the industrial added value above designated size increased by 4% year-on-year in the first three quarters, accelerating by 0.2 percentage points from the first half of this year. In the first eight months of this year, the country added more than 1.15 trillion yuan in tax cuts and fee reductions and tax rebate delays. Thanks to the joint efforts of all sectors of society, the recovery of business efficiency has accelerated. In August, the profits of industrial enterprises above designated size increased by 17.2% year-on-year, and both operating income and profit have turned positive.

“We have focused on 10 key industries such as steel and nonferrous metals, which are large in scale and have strong driving force, and jointly formulated and implemented plans to stabilize growth together with relevant departments.” Zhao Zhiguo, chief engineer of the Ministry of Industry and Information Technology, said that the operation of major industries was generally stable, which played a strong supporting role for the steady growth of the industry.

Data released at the meeting showed that 27 of the 41 industrial categories maintained year-on-year growth in added value. In particular, in September, the four industries of electrical machinery, chemicals, electronics and automobiles contributed nearly 60% to the overall industrial growth. Taking the electronic information manufacturing industry as an example, from January to September, China’s mobile phone production was 1.09 billion units, of which an increase of 11.8% in September. Exports of TV sets, lithium-ion batteries, and solar cells continued to improve.

The industrial economy in most provinces recovered steadily, further consolidating the foundation for steady growth. In the first three quarters, 28 of the 31 provinces saw year-on-year growth in industrial added value, and 20 provinces accelerated or slowed down from the first half of the year. “The producer price index has risen for two consecutive months, the supply and demand situation of industrial products has gradually improved, and business expectations and confidence have gradually strengthened.” Zhao Zhiguo said.

“In general, although the current industrial economy faces difficulties such as insufficient demand, the long-term fundamentals remain solid.” Zhao Zhiguo said that it is necessary to strengthen confidence in development, expand demand, enhance momentum, hold the bottom line, go all out to ensure stable industrial growth, and provide strong support for promoting the overall improvement of economic operation.

The trend of advanced manufacturing industry is steady, releasing new vitality

Among a series of indicators of the operation of the industrial economy, a set of data attracts attention:

In the first three quarters, investment in high-tech manufacturing increased by 11.3 percent year-on-year, maintaining double-digit growth for 36 consecutive months. The output of solar cells and charging piles increased by 63.2% and 34.2% respectively, and the production and sales volume of new energy vehicles increased by 33.7% and 37.5% respectively.

The overall solid performance of the advanced manufacturing industry not only confirms the concentration of new momentum, but also plays a leading role in the recovery of industrial development.

Taking the new materials industry as an example, data released at the meeting show that from January to September this year, the total output value of the new materials industry exceeded 5 trillion yuan, maintaining double-digit growth. At present, the field of new materials has cultivated and formed seven national advanced manufacturing clusters, which have become an “accelerator” to promote regional economic growth.

“We need to accelerate the cultivation of new driving forces for industrial development.” 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 promote the integration and docking of the innovation chain, industrial chain, capital chain and talent chain. China has cultivated a total of 12,000 specialized and special new “small giant” enterprises and 200 small and medium-sized enterprises characteristic industrial clusters, playing an important role in strengthening the 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.