Ten key industries have successively introduced measures to stabilize growth, working together to stabilize industrial operation

Beijing, September 5th (Xinhua) - Ten key industries have successively introduced measures to stabilize growth, working together to stabilize industrial operations

Xinhua News Agency reporter Zhang Xinxin

On the 5th, the reporter learned from the press conference on stabilizing growth in key industries held by the Ministry of Industry and Information Technology that the Ministry of Industry and Information Technology, in conjunction with relevant departments, has recently released a work plan for stabilizing growth in industries such as automobiles, electronic information manufacturing, and machinery. At this point, the stable growth plans for the ten key industrial industries that have contributed significantly to GDP have been issued and implemented. Through policy cooperation, we will adhere to the principle of supply and demand, and further consolidate the foundation of stable industrial growth.

In the first seven months of this year, the added value of industrial enterprises above designated size increased by 3.8% year-on-year, and overall maintained a recovery and positive development trend. Industrial fixed assets investment increased by 8.5% year on year, maintaining steady expansion. The decline in total profits of industrial enterprises above designated size has been narrowing month by month since the beginning of the year.

"There have been some twists and turns in the recovery process of China's industrial economy, but it still leads the world's major economies and the trend of continuous recovery and improvement has not changed." Tao Qing, Director of the Operation Monitoring and Coordination Bureau of the Ministry of Industry and Information Technology, said at the meeting that the Ministry of Industry and Information Technology will work with relevant departments to select major manufacturing industries such as steel, non-ferrous metals, petrochemical, chemical, building materials, machinery, automotive, power equipment, light industry, and electronic information manufacturing, and formulate policies and measures to stabilize growth.

Tao Qing told reporters that implementing stable growth measures for these ten industries mainly considers factors such as scale, relevance, and driving force. It is reported that these ten industries together account for about 70% of the above scale industries, all of which have the characteristics of long industrial chains and high correlation. "Stabilizing these key industries basically stabilizes the industrial economy."

"We have systematically sorted out the main constraints that affect the stable operation of the industry, and have had multiple discussions and exchanges with relevant industry associations, key enterprises, and industry experts to effectively enhance the pertinence and operability of the stable growth plan." Tao Qing said that the stable growth measures of these ten industries are working from the supply and demand sides, striving to form a policy synergy.

From the demand side, we will focus on restoring and expanding demand in key areas, promoting coordinated investment, consumption, and exports.

For example, in expanding effective investment, it is emphasized to fully leverage the role of government investment funds such as the National Manufacturing Transformation and Upgrading Fund and the Small and Medium sized Enterprise Development Fund, and guide and drive social capital to increase investment. Orderly promote the construction of major projects in key areas such as petrochemicals, integrated circuits, and new displays.

We will deepen the "Three Goods" campaign for consumer goods and raw materials, organize new energy vehicles, smart home appliances, and green building materials to go to rural areas, accelerate the promotion and application of innovative products such as industrial mother machines, high-end medical equipment, and robots... A series of measures will focus on fully stimulating the potential of domestic demand.

Release a product promotion catalog for elderly products, vigorously promote educational, model, outdoor, and sports baby and child products, and in the measures to stabilize the growth of light industry, "one elderly and one young" has attracted attention.

"According to estimates, the size of China's elderly products market will reach 4.6 trillion yuan in 2022, with an average growth rate of 10% in the past two years. Infant and child products are also a hot topic in the market." He Yaqiong, Director of the Consumer Products Industry Department of the Ministry of Industry and Information Technology, told reporters that new growth points should be explored in optimizing the supply of elderly, infant and child products and services, and expanding demand space.

Actively exploring the international market is also the focus of stabilizing growth. The reporter found that from light industry to automobiles and machinery, the plan proposes to build a high-level international supply and demand docking platform, encourage enterprises to increase research and development efforts to meet international demand, produce marketable products, and consolidate the export of industrial products.

Since the beginning of this year, the exports of the "new three samples" have been strong. In the first seven months, the export of new energy vehicles reached 636000 units, a year-on-year increase of 1.5 times. Grasping the positive trend, in the measure of stabilizing the growth of the automobile industry, we clearly encourage automobile enterprises to accelerate the research and development and production of automobile products for the international market, and increase the development of countries along the "the Belt and Road" and emerging markets.

From the supply side, we will focus on building a high-quality supply system, stabilizing industries, nurturing enterprises, establishing standards, and stimulating endogenous driving forces for industrial growth.

Enhance the resilience of the industrial and supply chains. Stable growth plans for petrochemical, non-ferrous metals, automobiles, and other industries have been clearly proposed, including accelerating the development and utilization of strategic resources, improving the guarantee level of key elements, and strengthening the supply and price stability of key products.

In the field of light industry, support the cultivation of a group of small and medium-sized enterprise characteristic industrial clusters in industries such as plastic products, hardware products, lighting appliances, cosmetics, etc; In the field of automobiles, support the development and promotion of technologies such as automotive chips, solid-state batteries, operating systems, and high-precision sensors; In the electronic information manufacturing industry, we focus on areas such as integrated circuits, new displays, and servers, promoting the supply chain of weak industries, the extension of advantageous industries, the upgrading of traditional industries, and the construction of emerging industries. A series of measures aim to enhance the competitiveness of the industrial chain and the innovation ability of enterprises.

"We will further accelerate the breakthrough of weak links in key materials, equipment, and processes, and ensure the supply of high-quality products." Yang Xudong, Deputy Director of the Electronic Information Department of the Ministry of Industry and Information Technology, said at the meeting that we will comprehensively improve the stability of the industrial chain and supply chain, focus on promoting cluster cultivation, and promote the orderly transfer of industries domestically and internationally through holding industrial transfer and docking activities.

Tao Qing stated that the Ministry of Industry and Information Technology will strengthen cooperation with departments such as the National Development and Reform Commission and the Ministry of Commerce to form a joint force. At the same time, based on the development of the industrial economy, further policy measures will be studied and planned, and a regular communication and exchange mechanism with leading manufacturing enterprises and small and medium-sized enterprises will be established. Starting from the needs of enterprises, policy accuracy and effectiveness will be strengthened to maximize policy effectiveness. "Grasp the critical period of current economic transformation and upgrading, promote the transformation of industrial economy, adjust structure, increase momentum, and promote high-quality industrial development."