Realizing, optimizing, and strengthening the real economy (People's Daily Review), down-to-earth and cost-effective | International | Economy

The real economy is the capital for China's development and the foundation for us to take the initiative in international economic competition. The semi annual report with rich "gold content" has further strengthened our confidence in making the real economy real, excellent, and strong

Looking at the semi annual report of China's economy, a high-frequency term attracts attention - new energy vehicles: in the first half of the year, production and exports increased by 35% and 1.6 times year-on-year, respectively, and also drove the production of lithium-ion power batteries and charging piles to increase by 46.4% and 53.1% year-on-year. China has maintained the world's leading position in the production and sales of new energy vehicles for 8 consecutive years, demonstrating the extraordinary strength of Chinese manufacturing and witnessing the steady pace of the real economy.

The Political Bureau of the Central Committee of the Communist Party of China held a meeting on July 24th to analyze and study the current economic situation, deploy economic work for the second half of the year, and pointed out the need to vigorously promote the construction of a modern industrial system, accelerate the cultivation of strategic emerging industries, and create more pillar industries. The real economy is the capital for China's development and the foundation for us to take the initiative in international economic competition. In the first half of the year, against the backdrop of sluggish global economic growth, China's rapid economic growth was closely related to the stability and improvement of the real economy. The semi annual report, which is rich in value, has further strengthened our confidence in making the real economy more solid, better, and stronger.

Confidence comes from a big guy who performs well. Since the beginning of this year, the equipment manufacturing industry, which serves as the backbone of the manufacturing industry, has maintained a good development momentum, from transportation equipment such as high-speed rail and airplanes to construction machinery such as cranes and shield tunneling machines, from energy equipment such as drilling platforms and oil storage platforms to agricultural machinery such as harvesters and seeders. This has effectively supported the steady recovery of industrial production. In the first half of the year, the added value of the equipment manufacturing industry increased by 6.5% year-on-year, contributing 53.9% to the growth of all large-scale industries. Next, we will leverage the advantages of large scale, wide coverage, and strong driving force in the equipment manufacturing industry. Through innovation and integration of large, medium, and small enterprises, the upstream and downstream of the industrial chain will work together to strengthen the supply chain and extend the supply chain. This will result in a more solid foundation and a more stable foundation for the real economy.

Confidence comes from the powerful "horsepower" of kinetic energy. The open-source desktop operating system "Open Kirin 1.0" has been released, and a series of advanced communication chips and automotive grade chips have been introduced one after another, accelerating the emergence of new technologies; The global proportion of newly installed industrial robots exceeds 50%, and the global production of major links in the photovoltaic industry chain exceeds 70%. The promotion of new products is accelerating; Industries such as home appliances and clothing have innovatively launched models such as mass customization and shared manufacturing to respond to market demand. Industries such as petrochemicals and metallurgy have implemented integrated production and sales operations, cross process quality control, and other measures to promote quality and efficiency improvement, accelerating the implementation of new models... The vast number of business entities have ignited the innovation engine, accelerated transformation and upgrading, and made the real economy structure better, level higher, and driving force stronger. Currently, the accelerated evolution of a new round of technological revolution and industrial transformation has brought both challenges and opportunities. Aiming at high-end, intelligent, green and other directions, we will deepen the promotion of new industrialization. While consolidating the leading position of traditional advantageous industries, we will bravely open up new fields and tracks for development. The real economy will gain stronger momentum and usher in more new growth points.

Confidence comes from the vast "big market". Consumer hotspots such as "big health" and "sustainability" continue to emerge, and the production of electric bicycles, refrigerators, air conditioners and other products has achieved double-digit growth... In the first half of the year, the consumer market has recovered and rebounded, effectively driving an increase in orders and production. In the long run, China, with a population of over 1.4 billion and a middle-income group of over 400 million, is the world's largest and most promising market. The acceleration of new industrialization, new urbanization, comprehensive rural revitalization, and green and low-carbon transformation will continue to create broad demand for the development of the real economy. From implementing the special action for the development of advanced manufacturing clusters, to organizing new energy vehicles, smart home appliances, and green building materials to go to rural areas, and then to issuing the Opinions of the Central Committee of the Communist Party of China and the State Council on Promoting the Development and Growth of the Private Economy, with a series of policy measures being implemented and effective, the economic cycle will be smoother and more vibrant.

Achievements are valuable, and the future is promising. Being down-to-earth and steadfast in industry, accelerating the construction of a modern industrial system, the real economy will undoubtedly become more deeply rooted and lush, providing strong support for high-quality development.