Stable growth of industrial economy requires tailored policies based on industry
The Ministry of Industry and Information Technology, together with relevant departments, has recently formulated a stable growth work plan for key industries such as light industry, steel, and automobiles, which is being gradually launched. This puts stabilizing the industrial economy in a more prominent position, highlighting key areas and implementing policies according to different industries, focusing on expanding demand, promoting circulation, assisting enterprises, strengthening momentum, stabilizing expectations, and ensuring that the industrial economy operates within a reasonable range.
Stable industrial growth, with a focus on industries. This time, the Ministry of Industry and Information Technology has issued a work plan for stabilizing growth in key industries, selecting major manufacturing industries such as steel, non-ferrous metals, and building materials with large scale, strong driving force, and high correlation, all of which are important pillars supporting stable growth of the industrial economy. For example, the raw material industry is the fundamental industry of the national economy, and its added value accounts for nearly 30% of the above scale industries. It can be said that stabilizing these key industries basically stabilizes the industrial economy.
Highlight key points and implement policies tailored to the industry. In the big plate of stable industrial economic growth, key industries often have the courage to take on the big beam and play a key supporting role in stabilizing growth. However, there are still differences in the development level and characteristics of different industries, and the problems and challenges they face are also not the same. For example, with a large number of light industry enterprises, a wide range of industry involvement, and a high degree of internationalization, they are in a critical period of transformation and upgrading, and their competitiveness is reshaped. The current difficulties such as weak demand and weakened expectations are more prominent. It is even more necessary to focus on innovating consumption scenarios and supporting small and medium-sized enterprises to jointly develop such measures. For the raw material industry, the increasing pressure on resources and environment, the problem of surplus traditional products, weak independent innovation capabilities, and arduous transformation and upgrading tasks are more urgent issues. Therefore, efforts to consolidate the achievements of capacity reduction and promote green and intelligent transformation are the targeted measures.
Stable growth, with enterprises as the mainstay. Only when the enterprise is stable can the economy be stable. From an internal perspective, it is necessary to fully leverage the role of large enterprises as the "backbone", and also increase efforts to alleviate difficulties for small and medium-sized enterprises and private enterprises, stimulate their innovative vitality, and adhere to the two pronged approach of poverty alleviation, strong assistance, and support for innovation and upgrading. At present, the difficulties and challenges for the stable development of small and medium-sized enterprises are still significant. We still need to adhere to the "two unwavering principles", further strengthen policy benefits, environmental revitalization, service assistance, innovation and talent development, and fully promote the high-quality development of small and medium-sized enterprises.
From an external perspective, actively attracting and utilizing foreign investment is an important part of promoting high-level opening up to the outside world and building a new open economic system. We need to continuously deepen reform and opening up, effectively optimize the business environment, and actively respond to the reasonable concerns of foreign-funded enterprises, accelerate the construction of major foreign-funded projects, fully stabilize the basic situation of foreign trade and investment, and consolidate the micro foundation for stable growth.
We need to put effort into both supply and demand. To promote sustained and stable growth of the industrial economy, we need to tap into the potential for demand, improve the quality of supply, and smooth the supply and demand cycle. On the one hand, we will focus on restoring and expanding demand in key areas, promoting joint efforts in investment, consumption, and exports, and consolidating the foundation for stable industrial growth. From the perspective of investment, we should leverage the role of government investment funds, guide and drive social capital to increase investment, and support enterprises to increase their efforts in technological transformation. From the perspective of consumption, it is important to focus on cultivating new consumer industries, exploring new consumer hot products, expanding consumption scenarios online and offline, and accelerating the promotion and application of innovative products. However, it is also necessary to rely on technological and product form innovation to boost traditional electronic consumption.
On the other hand, efforts should be made to build a high-quality supply system, stabilize industries, cultivate enterprises, establish standards, and stimulate endogenous driving forces for industrial growth. Accelerate the development of the industrial chain to complement its strengths and weaknesses, coordinate the promotion of industrial infrastructure reconstruction projects and major technological equipment research projects, and enhance the resilience of the industrial chain and supply chain; Improve the gradient cultivation system for high-quality enterprises and strengthen the construction of quality standards. Form a joint force to promote the effective improvement of quality and reasonable growth of quantity in the industrial economy.
