Central Radio and Finance Evaluation | Consolidating the Foundation of High Quality Development in Manufacturing Industry and Adding Energy to Economic Growth in China | Industry | Manufacturing Industry

Release time:Apr 14, 2024 01:22 AM

In June, the Chinese economy continued to maintain a recovery momentum.

According to data recently released by the National Bureau of Statistics, the manufacturing PMI in June was 49.0%, an increase of 0.2 percentage points from the previous month. Among the 21 industries surveyed, 12 showed a month on month increase, an increase of 4 compared to the previous month, and the overall level of manufacturing industry prosperity has improved. Among them, the PMI of large enterprises was 50.3%, an increase of 0.3 percentage points from the previous month. Especially, the production index and new order index have been above the critical point for two consecutive months, and production and demand continue to grow.

As a leading indicator of economic operation, the manufacturing PMI has slightly increased, indicating the continuation of the economic recovery trend and the continuous consolidation of the recovery foundation. On June 14th, the World Bank released the latest issue of the "China Economic Briefing: Maintaining Growth, Beyond Recovery", pointing out that with the lifting of travel restrictions and a surge in service spending, China's economic activity has rebounded in the first quarter of 2023. Driven by the rebound in consumer demand, it is expected that China's GDP will grow by 5.6% in 2023. Capital expenditures in infrastructure and manufacturing are expected to remain resilient.

The report of the 20th National Congress of the Communist Party of China pointed out that high-quality development is the primary task of comprehensively building a socialist modernized country, and we must adhere to placing the focus of economic development on the real economy. In the process of China's high-quality development, promoting the high-quality development of the manufacturing industry is of utmost importance.

After years of sustained rapid growth, China's manufacturing industry has achieved significant achievements in total growth, structural upgrading, path transformation, and open cooperation, becoming the leading force in building a modern industrial system and an advantage in participating in international competition and cooperation.

In recent years, China's high-end equipment manufacturing industry and other high value-added industries have grown rapidly. The "White Paper on Industrial Green Development" released at the 2023 Industrial Green Development Conference on June 1 shows that in 2022, China has formed 45 national advanced manufacturing clusters, including high-end equipment, new materials, new energy, and intelligent connected vehicles, with a total output value of over 20 trillion yuan in leading industries. With the promotion of new energy, related equipment has also entered a period of rapid growth. China's photovoltaic production has remained the world's top for many consecutive years, with the industry's total output value exceeding 1.4 trillion yuan. At the same time, the popularity of green transportation vehicles such as new energy vehicles, green ships, and aviation continues to grow. In 2022, the production and sales of new energy vehicles have ranked first in the world for 8 consecutive years. Based on the rapid and high-quality development of the manufacturing industry, the report of the 20th National Congress of the Communist Party of China pointed out the implementation of industrial foundation reconstruction projects to promote the high-end, intelligent, and green development of the manufacturing industry, and pointed out the key direction of technological transformation in the manufacturing industry.

At present, the world's unprecedented great changes are accelerating, and the strong and resilient manufacturing industry is not only the "anchor" and "ballast" of a major country's economy, but also the basic field for China to build a modern industrial system.

This year, various regions have launched a series of policy measures to promote the gradual recovery of corporate confidence and vitality, and the steady release of industrial and supply chain advantages. Shanghai, Guangdong, Jiangsu, Shandong, Hebei and other regions have successively formulated development strategies for the manufacturing industry. Policies have been formulated at multiple levels, including investment attraction, business environment, industrial collaboration, and innovation incentives, to drive high-quality development of the manufacturing industry.

For example, Shanghai issued the "Three-year Action Plan for Promoting the High-quality Development of Manufacturing Industry in Shanghai", proposing to consolidate the modern industrial system by 2025 and increase the proportion of industrial added value in GDP to 25%. Jiangsu Province has formulated a road map for promoting the high-quality development of the manufacturing industry, and strives to build the main position of advanced manufacturing industry with international competitiveness. On June 27, Jiangsu Province pointed out at a relevant press conference that it will focus on the cultivation of advanced manufacturing industrial clusters, focusing on scientific and technological innovation platforms such as laboratories above the provincial level, industry leaders, and high-tech enterprises. Guangdong issued the "Opinions of the Guangdong Provincial Committee of the Communist Party of China and the People's Government of Guangdong Province on Building a Strong Manufacturing Province with High Quality", proposing that the industrial added value will account for more than 35% of GDP in 2027.

Stride forward, galloping without stopping. A complete industrial system, complete industrial categories, strong supply capacity, and gradually increasing technological strength are driving the survival, competitiveness, and development of "Made in China" to gradually improve. I believe that with the support and guidance of policies, China's manufacturing industry will steadily advance to a new stage, continuously accumulating new momentum to promote high-quality development of the Chinese economy.

Two women were stabbed to death and reported to have committed a crime 4 days before the follow-up visit for schizophrenia. Suspect of a bloody murder case in a Hong Kong shopping mall appeared in court today. Male | Last Friday | Murder case

According to Hong Kong's Wen Wei Po, a bloody knife stabbing case occurred at Hollywood Square in Diamond Hill last Friday. The police arrested a 39 year old man on suspicion of stabbing two young women, one of whom was stabbed over 30 times. The suspect appeared in the Kwun Tong Magistrates Court this morning. The police at the Kwun Tong Magistrate's Court temporarily charged the suspect with two counts of murder last Sunday. The suspect appeared in court this morning at the Kwun Tong Magistrate's Court. Acting Chief Magistrate Zheng Jihang, after listening to the opinions of both the prosecution and defense, decided to postpone the hearing for two weeks until 9:30 am on June 19th, waiting for two psychiatric expert reports to be obtained. The defense did not object. Zheng Jihang approved the application, and the defendant needs to be temporarily detained at Xiaolan Mental Hospital. When the suspect appeared in court, he wore black framed glasses, a light gray shirt, and camouflage green shorts, and was able to answer the judge's questions normally. accordingly

Currently, the highly anticipated summer harvest work in Henan has shifted its focus to the northern region of Henan. According to the Henan Daily client, on June 4th, Lou Yangsheng, Secretary of the Henan Provincial Party Committee, presided over a special video scheduling meeting on the "Three Summers" work in the province, listened to the situation report, analyzed and judged the situation, and arranged and deployed the next steps of work. Governor Wang Kai made specific arrangements. On the evening of May 31, 2023, in Xiafutou Village, Xuliang Town, Boai County, Jiaozuo, Henan Province, villagers braved light rain in the wheat fields to harvest wheat. Visual China Map Lou Yangsheng pointed out that the current summer harvest battle in the province has entered the decisive stage. Doing a good job in summer harvest in northern Henan Province is related to the summer grain yield and seed safety. We should focus on seizing opportunities and make every effort to organize the wheat harvesting work in the northern Henan region, minimize losses, and protect the interests of farmers to the greatest extent possible. Accurate forecasting is essential

Xinhua All Media+| Welcome home! What innovative technologies are protecting the return journey of Shenzhou 15? Spaceship | Shenzhou | Technology

On June 4th, the return capsule of the Shenzhou-15 manned spacecraft successfully landed at the Dongfeng landing site. Astronauts Fei Junlong, Deng Qingming, and Zhang Lu all safely and smoothly exited the spacecraft, and the Shenzhou-15 manned flight mission was a complete success. What innovative technologies are there to safeguard the return journey of Shenzhou 15 in this mission? On June 4th, the return capsule of the Shenzhou-15 manned spacecraft successfully landed at the Dongfeng landing site. Xinhua News Agency reporter Lian Zhen photographed that "the sky and the ground" ensure the high-precision return of spacecraft. For the Shenzhou series spacecraft, the return and re-entry GNC technology is directly related to the life safety of astronauts. Taking the success of this return mission as a symbol, China has comprehensively upgraded its GNC system since the Shenzhou-12 manned spacecraft, which features autonomous rapid rendezvous and docking, autonomous adaptive prediction and re-entry return guidance, and has completed a comprehensive update and replacement

The Chinese naval fleet has arrived! Assembly | Navy | Chinese Fleet

At noon today, a Chinese naval fleet consisting of Zhanjiang and Xuchang ships arrived at the assembly area of the "Comodo-2023" multinational maritime joint exercise. It is understood that the assembly anchorage for this exercise is 3 nautical miles long and 1.5 nautical miles wide, capable of anchoring up to 50 ships. Naval vessels from various countries participating in the exercise will also arrive at the anchorage today to complete the assembly of the "Komodo 2023" multinational maritime joint exercise, which is held every two years by the Indonesian Navy. This year is already the fourth edition of the exercise. The exercise will be held from June 5th to 8th in the city of Jakarta, South Sulawesi Province, Indonesia, including the port and sea phases. In the coming days, participating navies from various countries will participate in ship reading style search and rescue exercises, maritime interception and damage management exercises, aerial exercises, and other course objectives exercises

New comment: Donkey like "morale" limit pulls US debt "bomb" fuse hard to dismantle US | debt | morale

On the evening of June 1st, the US Senate passed a bill on the federal government's debt ceiling and budget, and the flame of the US debt bomb was temporarily extinguished at the last moment. The two parties in the United States have staged an extreme tug of war over the US debt bomb. Some experts believe that the US debt crisis is the result of the reckless politics promoted by the US dollar hegemony, and the underlying cause of this crisis is the highly polarized political system of the US. Since the end of World War II, the US Congress has adjusted the debt ceiling more than a hundred times. The recurring debt crisis will not only have a catastrophic impact on the US economy and people's livelihoods, but also continuously erode the value of US dollar assets such as government credit and US bonds, bringing significant and far-reaching impacts to the global economic landscape. 【

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