Cctv newsOn the morning of September 20th, the State Council Press Office held a routine briefing on the State Council policy to interpret the economic situation and policies and answer questions from reporters.
Tao Qing, director of the Operation Monitoring Coordination Bureau of the Ministry of Industry and Information Technology, said that since the beginning of this year, the Ministry of Industry and Information Technology has resolutely implemented the decision-making arrangements of the CPC Central Committee and the State Council, actively responded to various risk challenges, and made efforts to stabilize growth, improve quality and optimize structure. In August, industrial production resumed steadily, and enterprise benefits gradually improved.
First, industrial production has steadily picked up. In August, the added value of China’s industrial enterprises above designated size increased by 4.5% year-on-year, and the growth rate was 0.8 percentage points higher than that of the previous month. From the perspective of industry, from January to August, the added value of 27 of the 41 major industrial sectors increased year-on-year. Among the top 10 manufacturing industries accounting for GDP, the growth rate of seven industries is higher than the national average, and the contribution rate of the top 10 industries to the overall industrial growth reaches 87.4%. From a regional perspective, from January to August, among the top 15 provinces in terms of industrial added value, the growth rate of 9 provinces was further accelerated compared with the first half of the year.
Second, the industrial structure has been continuously optimized. Investment in high-tech manufacturing industry has accelerated. From January to August, manufacturing investment increased by 5.9% year-on-year. Among them, investment in high-tech manufacturing increased by 11.2% year-on-year. The equipment manufacturing industry has developed rapidly. In August, the added value of the equipment manufacturing industry increased by 5.4% year-on-year, contributing 38.9% to the total industrial growth. New products grew rapidly. In August, the output of service robots and civil aircraft increased by 73.7% and 33.3% respectively. The output of photovoltaic cells, lithium-ion power batteries for automobiles and other products also increased by 77.8% and 31.5% respectively.
Third, the positive factors of steady industrial growth are accumulating. The connection between production and marketing of enterprises has been further smoothed. The producer price index (PPI) of industrial producers continued to narrow, and the decline in August was further narrowed by 1.4 percentage points compared with the previous month. The sales rate of products of industrial enterprises above designated size was 97.4%, which has been restored to above 97% for two consecutive months. The decline in corporate profits has also further narrowed. In the first seven months, the profits of industrial enterprises above designated size decreased by 15.5% year-on-year, but the decline has been continuously narrowed. With the decline of upstream raw material prices, corporate revenue is improving, and the cost pressure of enterprises has eased. Corporate confidence is also gradually increasing. In August, the manufacturing PMI further rebounded. Among them, the production index and the new order index were 51.9% and 50.2%, respectively, both of which were high points in five months.
In the next step, together with all regions and departments, we will resolutely implement the decision-making arrangements of the CPC Central Committee and the State Council, and promote the industrial economy to achieve effective upgrading in quality and reasonable growth in quantity.
The first is to strengthen the coordinated implementation of policies. We will step up the implementation of the work plan for the steady growth of ten key industries and promote the steady growth policy to achieve results.
The second is to accelerate the recovery and expansion of demand. Strengthen quality brand building, promote supply-side innovation, and create demand with high-quality supply. Guide enterprises to expand the international market according to local conditions and further tap the export potential.
The third is to step up efforts to enhance development momentum. Deeply implement intelligent manufacturing engineering and accelerate the transformation and upgrading of traditional industries. The system will promote the development of emerging industries such as 5G, intelligent networked cars and new materials, open up new fields and new tracks, cultivate a number of new engines for growth and create new competitive advantages.
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