In 2019, China's industrial economy is operating steadily and progressing steadily. The overall growth of the industrial economy is in line with the annual expected target range. The key industries are showing positive changes. The development of the manufacturing industry is advancing steadily.
The stable operation of the industrial economy has provided a strong guarantee for China's economic transformation and upgrading, and towards high-quality development. The next step is to adhere to independent innovation, strengthen the basic capabilities of the industry, and further promote the high-quality development of the manufacturing industry.
Manufacturing is the foundation of a country and the foundation of a strong country. Continuously promoting industrial modernization and improving the level of manufacturing are of great significance to help the economy run in a reasonable range and promote high-quality economic development. In the face of complicated and severe domestic and foreign situations, how has China's industrial economy performed in the past year?
In November 2019, the total profit of industrial enterprises above designated size increased by 5.4% year-on-year, and the growth rate changed from negative to positive; sales growth in key industries such as the petrochemical and steel industries accelerated, and profit growth picked up; technological transformation accelerated growth, which was higher than national industrial investment The growth rate is 5 percentage points ... A series of indicators show that the industrial economy runs smoothly and progresses steadily.
The overall operation of the industrial economy is in a reasonable range
"Industrial economic operation is generally in a reasonable range, especially since the fourth quarter, the key industries are actively changing, and indicators have continued to improve, laying a solid foundation for smooth operation throughout the year." Looking back at China's industrial operation performance in 2019, the Ministry of Industry and Information Technology's Operation Monitoring and Coordination Bureau Said Deputy Commissioner He Hailin.
From the perspective of production growth, the growth rate has steadily picked up. Especially in November 2019, the industrial added value of the country's regulations increased by 6.2% year-on-year, the third highest growth rate in 2019 after March and June. The value added of manufacturing enterprises above designated size increased by 6.3%, accelerating by 1.7 percentage points . Among them, the equipment manufacturing industry has rebounded significantly, especially the automobile industry has recovered. In the first 11 months, the value added of the equipment manufacturing industry increased by 6.5% year-on-year, and the automobile manufacturing industry continued to grow.
While the industrial economy is operating steadily, the foundation for high-quality development has been further consolidated.
1.The ability to innovate has been continuously enhanced. In the past year, the manufacturing innovation center has blossomed, 5G mobile phone chips have been put into commercial use, and mass production of memory and flexible displays has been realized ... In the first three quarters, the added value of China's high-tech manufacturing industry increased by 8.7% year-on-year. The penetration rate of tools reached 70.2%.
2.The quality of supply continues to improve. In the first 11 months of last year, investment in high-tech manufacturing increased by 14.8% year-on-year, emerging industries achieved vigorous development, the "three products" special action of the consumer goods industry was carried out steadily, and new brands and new products continued to emerge.
3.The development environment has been greatly improved. Driven by the implementation of the policy dividend of a larger scale of tax and fee reductions, manufacturing and related sectors accounted for nearly 70% of the value-added tax reductions. Of these, small and micro enterprises' inclusive tax reductions were about 250 billion yuan; at the same time, The work of clearing debts was carried out in an orderly manner. Last year, a total of RMB 600 billion in debts to private and small and medium enterprises was cleared, which stimulated the vitality of micro-subjects.(source from people.com.cn)
