Home> Company News> A new round of initiatives to stabilize the growth of the industrial economy is planning to focus on targeting the equipment manufacturing industry, high-tech manufacturing industry

A new round of initiatives to stabilize the growth of the industrial economy is planning to focus on targeting the equipment manufacturing industry, high-tech manufacturing industry

December 09, 2024
Since the beginning of this year, China's industrial production to maintain rapid growth, is a major bright spot in the economic operation. But there are also some industrial enterprises are facing lower market prices, efficiency improvement difficulties and other issues. In this regard, the Ministry of Industry and Information Technology is planning a new round of industrial economic growth initiatives, focusing on equipment manufacturing, high-tech manufacturing.
 
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Planning a new round of equipment manufacturing industry growth stabilization policy
 
Xin Guobin, Vice Minister of Industry and Information Technology, said on December 3 at the opening ceremony of the 2024 Equipment Manufacturing Development Conference, the Ministry of Industry and Information Technology will focus on promoting stable growth in the equipment manufacturing industry, planning a new round of equipment manufacturing industry growth stabilization policies, promote the introduction of incremental measures.
 
At present, the industrial scale of the equipment manufacturing industry continues to expand. Ministry of Industry and Information Technology data show that in the first 10 months of this year, the added value of the equipment manufacturing industry accounted for the proportion of industry above designated size reached 34%, 20 consecutive months to remain above 30%, the added value increased by 7.4% year-on-year, the contribution rate to industrial growth reached 42.7%. The annual production of new energy vehicles exceeded 10 million for the first time, and production and sales ranked among the world's top for nine consecutive years.
 
Xin Guobin said that global technological innovation has entered an unprecedented period of intensive activity, artificial intelligence and other disruptive technologies are rapidly and equipment technology in-depth integration. Equipment manufacturing industry is increasingly becoming the main battlefield of the deep integration of scientific and technological innovation and industrial innovation, to seize the high ground of future economic and scientific and technological development. At the same time, the big country game situation is increasingly complex and severe, global trade protection upgrade, equipment manufacturing industry has become the realization of scientific and technological self-reliance and self-improvement, to create a safe and reliable industrial chain supply chain of the key links and important carrier.
 
In the face of the current situation, Xin Guobin said that the Ministry of Industry and Information Technology will promote the introduction of incremental measures, the in-depth implementation of large-scale equipment renewal and consumer goods trade-in action, boosting consumption of automobiles and other staple commodities, and actively cultivate intelligent network linkage of new energy vehicles, low-altitude equipment, service robots and other new growth engines, for the stable growth of the industrial economy to make more contributions.
 
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 the improvement of standards, supporting enterprises to transform and upgrade traditional industries with digital intelligence and green technology, creating an upgraded version of intelligent manufacturing with the cultivation of intelligent factories in a gradual manner, systematic research and development of solutions, and promotion of the improvement of the standard system, 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. Equipment manufacturing industry green low-carbon development.
 
In addition, the Ministry of Industry and Information Technology will strive to deepen international exchanges and cooperation, continue to create a first-class business environment that is market-oriented, rule of law-oriented and internationalized, support foreign investment in China, and encourage strong enterprises to deeply participate in the global industrial division of labor and cooperation.
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