In the first 10 months of this year, the operating income of industrial enterprises above designated size increased by 7.6% year-on-year, and continued to maintain rapid growth. “There are more than 4,000 projects under construction…Recently released data show that my country’s manufacturing investment continues to heat up, the pace of industrial upgrading is accelerating, and new kinetic energy is constantly accumulating.
——Consolidating the “ballast stone” of the real economy, manufacturing investment increased by 9.7% year-on-year
Since the beginning of this year, a series of policies to stabilize growth have been implemented, the operating conditions of enterprises have been improved, and manufacturing production continues to show a recovery trend.
In terms of profit, the National Bureau of Statistics released data on November 27. In the first 10 months, the profit of the equipment manufacturing industry increased by 3.2% year-on-year, and the growth rate was 2.6 percentage points faster than that from January to September, and it rebounded for six consecutive months. Driven by the new energy industry, the electrical machinery industry saw a substantial increase of nearly 30% in profits. For the first time since the beginning of this year, the cumulative profit of the auto industry has turned from a decline to an increase.
From the perspective of enterprise vitality, the data released by the State Administration of Taxation recently showed that as of November 10 this year, the national equipment manufacturing industry’s investment in purchasing equipment increased by 9.8% year-on-year, and the development momentum was further strengthened.
In terms of investment, from January to October, manufacturing investment increased by 9.7% year-on-year. At the same time, judging from recent data released by local governments, in the first 10 months of this year, the manufacturing industry became the main driving force for investment growth, and the progress of manufacturing investment in many places was faster than expected.
For example, data from the Zhejiang Provincial Department of Economics and Information Technology shows that as of November 26, more than 600 major manufacturing projects in Zhejiang with an investment of more than 1 billion yuan have achieved more than 100% of their annual investment plan, and the progress is faster than expected. According to data from the Jiangsu Provincial Department of Industry and Information Technology, as of the end of October, 450 major provincial industrial projects had completed 95.5% of the annual planned investment, and it is expected to complete the annual target one month ahead of schedule.
“Manufacturing is the foundation of the real economy. In the first 10 months of this year, my country’s manufacturing investment growth rate was at a relatively high level since 2015, contributing more than 40% to all investment growth. With the strong support of manufacturing investment , the resilience of the industrial economy has been demonstrated, and a stable recovery has been achieved.” Qiao Baohua, director of the Industrial Operation Research Office of the Industrial Economics Research Institute of the China Electronics and Information Industry Development Research Institute, told the reporter of the “Economic Information Daily”.
—— Accumulating new kinetic energy, investment in high-tech manufacturing increased by 23.6%
In particular, in the first 10 months, the high-tech manufacturing industry showed growth in many aspects, reflecting the vigorous development trend.
Look at the added value – according to the National Bureau of Statistics, in October, the added value of the high-tech manufacturing industry increased by 10.6% year-on-year, 1.3 percentage points faster than the previous month.
Look at the growth rate of investment – in the first 10 months, investment in high-tech manufacturing increased by 23.6% year-on-year, and the growth rate was 0.2 percentage points faster than that in the first three quarters. Among them, investment in electronic and communication equipment manufacturing, medical equipment and instrumentation manufacturing increased by nearly 30%.
Look at product output – in October, the output of new energy vehicles, charging piles, and photovoltaic battery products increased by 84.8%, 81.4%, and 69.9% year-on-year respectively, and continued to maintain a high boom.
“Looking at various data, especially the growth rate of high-tech manufacturing investment in the first 10 months was 13.9 percentage points ahead of the growth rate of manufacturing investment, reflecting that high-tech manufacturing is an important engine for the stable growth of the industrial economy and the accelerated transformation of kinetic energy.” Qiao Baohua said.
The reason is that Qiao Baohua believes that since the beginning of this year, the package of policies to stabilize the industry has played a positive role, especially the accelerated promotion of policy-based development financial instruments and special bonds, which has boosted the implementation of investment projects. At the same time, our country continues to improve the technological innovation system with enterprises as the main body, and increases the proportion of super-deductible R&D expenses of enterprises, which continues to stimulate the motivation of enterprises to increase investment in innovation.
——Digital Transformation Accelerates Technological Transformation Investment Increased by 10.4% Year-on-Year
With the continuous deepening of digital and intelligent transformation and green transformation of the manufacturing industry, investment in technological transformation of the manufacturing industry has maintained rapid growth.
According to the latest local data, from January to October, the investment in industrial technological transformation in Shandong Province increased by 7.3% year-on-year; 11,621 technological transformation projects with an investment of more than 5 million yuan were rolled out, and the annual task target was completed ahead of schedule. The role of technological transformation in stabilizing investment further improvement. Hebei, Henan and other places showed double-digit growth in investment in industrial technological transformation in the first 10 months.
From a national perspective, from January to October, the investment in technological transformation of the manufacturing industry increased by 10.4% year-on-year, which was 0.7 percentage points higher than that of the total investment in the manufacturing industry; Increased by 0.2 percentage points.
“The data shows that technological transformation investment has played an important role in the recovery of manufacturing investment.” Zhang Zhiqian, director of the China Construction Investment Research Institute, told the “Economic Information Daily” reporter that driven by new technologies, digital transformation is the cultivation of new industries. effective way. Deeply promoting the deep integration of the Internet, big data, and artificial intelligence with the manufacturing industry, and promoting the digital, intelligent, and green transformation of traditional industries will not only help companies reduce costs and increase efficiency, but will also further promote the optimization and upgrading of the industrial structure of the manufacturing industry.
At the same time, from January to October, the revenue of industrial software products increased by 12.8% year-on-year; in October, the output of industrial control computers and systems and industrial robots increased by 44.7% and 14.4% year-on-year respectively; 4,000, cultivating a batch of 5G fully connected factory benchmarks… The data of different dimensions reflects the trend of accelerating the development of the manufacturing industry towards digital intelligence.
“The development of the real economy is inseparable from the innovation and leadership of the manufacturing industry.” Zhang Zhiqian said that as my country’s innovation capabilities continue to improve, more new technologies, new formats and new models will continue to emerge, and the digital transformation of the manufacturing industry will continue to grow rapidly, releasing development. new kinetic energy.