A new round of measures to stabilize industrial economic growth is being planned, with a focus on equipment manufacturing and high-tech manufacturing

2024-12-05

Since the beginning of this year, China's industrial production has maintained rapid growth, which is a major highlight in economic operation. But there are also some industrial enterprises facing problems such as low market prices and difficulties in improving efficiency. In response, the Ministry of Industry and Information Technology is planning a new round of measures to stabilize industrial economic growth, with a focus on equipment manufacturing and high-tech manufacturing. On December 3, Xin Guobin, Deputy Minister of Industry and Information Technology, stated at the opening ceremony of the 2024 Equipment Manufacturing Industry Development Conference that the Ministry of Industry and Information Technology will focus on promoting stable growth in the equipment manufacturing industry, planning a new round of stable growth policies for the equipment manufacturing industry, and promoting the introduction of incremental measures. At present, the industrial scale of equipment manufacturing continues to expand. According to data from the Ministry of Industry and Information Technology, in the first 10 months of this year, the added value of equipment manufacturing accounted for 34% of the proportion of industries above designated size, and remained above 30% for 20 consecutive months. The added value increased by 7.4% year-on-year, contributing 42.7% to industrial growth. The annual production of new energy vehicles has exceeded 10 million units for the first time, ranking among the world's top producers and sellers for nine consecutive years. Xin Guobin stated that global technological innovation has entered an unprecedented period of intensive activity, with disruptive technologies such as artificial intelligence rapidly integrating deeply with equipment technology. The equipment manufacturing industry is increasingly becoming the main battlefield for the deep integration of technological innovation and industrial innovation, seizing the commanding heights of future economic and technological development. At the same time, the situation of great power game is becoming increasingly complex and severe, global trade protection is upgrading, and equipment manufacturing has become a key link and important carrier for achieving technological self-reliance and building a safe and reliable industrial chain and supply chain. In the face of the current situation, Xin Guobin stated that the Ministry of Industry and Information Technology will promote the introduction of incremental measures, deeply implement large-scale equipment updates and consumer goods trade in programs, boost the consumption of bulk commodities such as automobiles, actively cultivate new growth engines such as intelligent connected new energy vehicles, low altitude equipment, and service robots, and make more contributions to the stable growth of the industrial economy. The Ministry of Industry and Information Technology will also focus on promoting high-end, intelligent, and green development, leading the optimization and upgrading of the equipment manufacturing industry with standard upgrading, supporting enterprises to use digital and green technologies to transform and upgrade traditional industries, cultivating intelligent factories with gradient, tackling solution systems, improving and promoting standard systems, creating an upgraded version of intelligent manufacturing, accelerating the construction of a number of green factories, green parks, and green supply chains, and promoting the green and low-carbon development of the equipment manufacturing industry. In addition, the Ministry of Industry and Information Technology will focus on deepening international exchanges and cooperation, continuously creating a first-class business environment that is market-oriented, legal, and international, supporting foreign investment and development in China, and encouraging strong enterprises to deeply participate in global industrial division of labor and cooperation. Adopting multiple measures to consolidate and enhance high-tech manufacturing is a key link in the industrial economy. The reporter learned that the Ministry of Industry and Information Technology will take measures to promote the development of high-tech manufacturing industries such as atomic level manufacturing and low altitude equipment. Consolidating and enhancing the development of high-tech manufacturing industry can help improve and smooth out the cyclical fluctuations of industrial economy. Data shows that in the first three quarters, the high-tech manufacturing industry, driven by rapid production growth, saw a year-on-year increase in profits of 6.3%, 9.8 percentage points higher than the average level of large-scale industries, and a 1.1 percentage point increase in profits, highlighting strong resilience and providing important support for the growth of profits in large-scale industries. Wu Yin, a professor at the School of Economics and director of the Institute of Political Economy at Southwest University of Finance and Economics, stated that compared to traditional manufacturing industries, high-tech manufacturing industries have higher production thresholds, higher technological content, higher added value, and strong market demand. In the vast majority of cases, they can maintain good growth and profitability. Accelerating the development of high-tech manufacturing is not only necessary for high-quality development, but also for improving the overall profitability of industrial enterprises. As one of the high-tech manufacturing industries, the atomic level manufacturing industry will face policy promotion. The reporter learned that the Ministry of Industry and Information Technology will study and issue implementation opinions on the innovation and development of atomic level manufacturing. Atomic level manufacturing refers to the manufacturing industry that processes products based on atomic scale structures or atomic precision. Compared to traditional manufacturing, atomic level manufacturing is the ultimate form of manufacturing that is characterized by extreme small scale, extreme high precision, and the transition from manufacturing to creation. Yu Chengzhi, member of the Party Group and Deputy General Manager of China Electronics Technology Group Co., Ltd., stated that China Electronics Technology Group Co., Ltd. will take on the important task of developing the atomic level manufacturing industry, accelerate the research and development of key common technologies, collaborate with domestic advantageous universities and enterprises, invest in factors, share benefits and risks, promote scientific and technological innovation and industrial transformation simultaneously, and jointly transform cutting-edge basic research into engineering applications, laying a solid foundation for the development of the atomic level manufacturing industry. In terms of low altitude equipment, the Ministry of Industry and Information Technology and other departments have issued the "Implementation Plan for Innovative Applications of General Aviation Equipment (2024-2030)" this year, proposing new ideas to support innovation in low altitude equipment. Next, the Ministry of Industry and Information Technology will accelerate the research and development of key technologies. Focusing on low altitude equipment body technology, safety technology, operation technology and other directions, we will systematically promote a number of key common technology breakthroughs, accelerate the innovation, iteration and upgrading of general aviation technology and equipment. The high-tech manufacturing industry needs to continuously strengthen innovation in order to maintain and play its special role. The more cutting-edge technological innovation products are needed by the market, the more lucrative they can bring. Therefore, it is necessary to continuously enhance innovation capabilities, avoid falling into a homogeneous situation, maintain high added value of industry products, and strengthen core competitiveness. In this regard, the Ministry of Industry and Information Technology will study and formulate policy measures to enhance industrial technological innovation capabilities. It will also develop guidelines for the "use before payment" of scientific and technological achievements, implement demonstration projects for the industrial application of scientific and technological achievements, and promote the industrialization of scientific and technological achievements. (New Society)

Edit:Yao jue    Responsible editor:Xie Tunan

Source:Shanghai Securities News

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