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Industrial Economy is Expected to Rebound and Improve

Apr 21, 2023 | Industrial Trend | 0 comments

March 5, in the 14th National People’s Congress meeting “minister channel”, Minister of Industry and Information Technology Jin Zhuanglong said that the industrial economy is expected to rebound this year to good confidence.

Jin Zhuanglong said, 2022 national economic development has encountered many difficulties and challenges, under the strong leadership of the Party Central Committee with Comrade Xi Jinping as the core, all regions and departments work together to overcome difficulties, China’s industrial economy in general to stabilize and improve, industrial value added has exceeded the 40 trillion mark for the first time, industrial value added above the scale has increased by 3.6% year-on-year, the role of industry in the economy ballast The role of industry as a ballast in the economy has further emerged, of which the proportion of manufacturing value added in GDP accounted for 27.7%, China’s manufacturing industry ranked first in the world for 13 consecutive years.

Jin Zhuanglong: the next step to focus on the following four tasks

Jin Zhuanglong pointed out that in January-February this year, the country’s industry is in a rebound to a good trend. This year, our stock policy, incremental policy overlapping force, will certainly further release the vitality of market players, release the potential of residents’ consumption, release industrial upgrading power, the industrial economy is expected to rebound to good confidence.

Jin Zhuanglong stressed that the next step of the Ministry of Industry will focus on the following tasks:

First, to promote the growth of key industries. There are some industries in the industrial sector is large, the output value of more than 1% of GDP, such as electronics, automotive, steel, non-ferrous, petrochemicals, etc., plays a vital role in stabilizing growth. To do everything possible, find ways to stabilize these industries.

Second, increase investment. The “14th Five-Year Plan” series of plans have been deployed many major projects, major projects, to be implemented, the formation of more physical workload. At the same time to promote industry integration, encourage financial institutions, capital markets to increase support for the manufacturing industry. To give full play to the leading role of the government’s industrial investment fund, drive social capital to increase investment. At the same time, we should do a good job of foreign investment project services to encourage foreign investors to expand investment in China.

Third, expand consumption. First of all, we should stabilize the consumption of new energy vehicles and other bulk consumption, while continuing to carry out intelligent home appliances, green building materials to the countryside, and promote the manufacturing industry “three products” action (increase variety, improve quality, create brand).

Fourth, to play a local initiative. To support the eastern region to accelerate the development of advanced manufacturing, consolidate and enhance export advantages. To support the central and western regions to actively undertake industrial transfer, to create a new growth pole. To support the northeast region to accelerate the transformation and upgrading of traditional industries, the development of strategic emerging industries, while playing Beijing, Tianjin, Hebei, Yangtze River Delta, Guangdong, Hong Kong and Macao synergy effect. Encourage the industrial provinces to take the lead and support the development of manufacturing industries around the world to contribute to stable growth.

Jin Zhuanglong: China’s 5G cell phone users exceeded 575 million, and is accelerating 6G research and development

In answer to questions related to this year’s 5G development goals and priorities, Jin Zhuanglong explained that China has built the largest and most technologically advanced 5G network, has built more than 2.34 million 5G base stations, 5G cell phone users have exceeded 575 million.

The next step is to maintain the good momentum of 5G development, specific initiatives are summarized in three words – build, use, research.

Build, to build more base stations. We will also open 600,000 new 5G base stations this year. Many cities already have 5G, rural areas have been achieved “county 5G”, the next step is to continue to extend.

Use, expand the application of 5G. “5G + industrial Internet” is very important to the leapfrog development of the manufacturing industry, we plan to build more than 10,000 5G factories during the 14th Five-Year Plan.

We plan to build more than 10,000 5G factories during the 14th Five-Year Plan. We will take advantage of our large scale market and complete system, focus our efforts on industry, academia, research and application, strengthen international cooperation, and accelerate the research and development of 6G.

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