In the first three quarters of this year, China’s industry was stable, and various industrial indicators showed a recovery trend. However, the industry is still facing the impact of “triple pressure”, and the recovery momentum is not stable enough.
Recently, China’s Ministry of Industry and Information Technology and other three departments issued a notice, introducing 17 measures to consolidate the industry’s positive trend. Industry is the “ballast stone” of China’s economy. China’s major industrial provinces are implementing them one by one to ensure a successful end to this year’s industry and a good start to next year.
Accelerate the construction of major projects
The three departments proposed to speed up the construction of major projects to form physical workloads, make good use of policy tools such as policy-based developmental financial instruments, re-loans and interest discounts for equipment renovation, and medium- and long-term loans for manufacturing industries, and speed up major projects related to the “14th Five-Year Plan” Projects and construction of major projects in various regions.
From January to October, 2,326 key projects were newly started in Fujian Province, with a total investment of 639 billion yuan (RMB, the same below), and 920 key projects were completed and put into operation, with a total investment of 258 billion yuan. After reaching full capacity, the annual output value will be 257 billion yuan. . The province has implemented 1,200 key technical transformation projects, with a total investment of 382.5 billion yuan. After the projects are put into production, the annual output value can be increased by 568 billion yuan.
In October, Jiangsu Province continued the rapid industrial recovery in the third quarter. From January to October, the added value of industrial enterprises above designated size increased by 5.1% year-on-year. As of the end of September, all major provincial projects planned to start this year have started construction, and the projects under construction have completed 502.8 billion yuan, with a completion rate of 90%.
In Shandong, 8 coal storage base projects including the Shandong Energy Jujube Mine Comprehensive Logistics Park with a total investment of 7.11 billion yuan are under construction. The Hualu Group Amide Project with a total investment of 4.98 billion yuan has been completed and put into operation. The material project has started, and the new and old kinetic energy conversion and upgrading project of Shandong Iron and Steel Co., Ltd. is advancing in an orderly manner.
Stabilize the supply chain of the industrial chain
The three departments in China require enterprises to establish closed-loop production plans and emergency response plans, establish a normalized and stable industrial chain supply chain coordination mechanism under the impact of major emergencies, and “point-to-point” and “one-to-one” help leading enterprises and key node enterprises to solve blocking points Card point problem.
In the first half of the year, China FAW was in a state of suspension or semi-suspension for more than two months, and resumed production in April. The company adopts a variety of strategies to ensure the supply of key resources such as chips and power supplies, and strives to ensure that the current operation is stable and orderly. It is expected to sell 3.4 million vehicles throughout the year.
Various localities in China are also focusing on the stable production of key industries and key enterprises. Fujian Province identified 879 enterprises on the “white list” of key industrial chain supply chains, established a service guarantee mechanism, strengthened departmental collaboration, problem solving, and coordinated the promotion of integrated circuits, textiles, shoes and clothing, petrochemicals, biomedicine, new energy vehicles, electric ships, etc. 7 development of a key industry.
Scientific and technological breakthroughs in the weak links of the industrial chain and supply chain are also being accelerated. In November, the Ministry of Industry and Information Technology approved the establishment of the National Graphene Innovation Center, the National Virtual Reality Innovation Center, and the National Ultra HD Video Innovation Center. Taking the National Graphene Innovation Center as an example, the center conducts technical research on the weak links in the development of the graphene industry. Its construction site is located in Ningbo, Zhejiang. The shareholder unit brings together industry innovation forces from 14 provinces including Zhejiang, Jiangsu, and Guangdong.
Cultivate new industrial momentum
High-tech investment has become a new driving force of industrial economy. Investment in high-tech industries in Jiangsu Province from January to October increased by 14.5% year-on-year, contributing 69.1% to investment growth, of which investment in high-tech manufacturing increased by 13.4%. In October, the manufacturing of new energy vehicles, auto parts and accessories increased by 71.9% and 34.7% respectively; the manufacturing of lithium-ion batteries, photovoltaic equipment and components continued to maintain a rapid growth of more than 50%.
All parts of China are starting from digital transformation and industrial Internet innovation and development to promote the upgrading of the industrial base. The Ministry of Industry and Information Technology recently issued the “Guidelines for the Digital Transformation of Small and Medium-sized Enterprises”. Guangdong Province announced this week that it will promote the digital transformation of the manufacturing industry from five aspects, including the implementation of the digital transformation project of industrial clusters, the implementation of the “Guangdong Strong Core” project and the core software research project.
This year, many places in China have accelerated investment in “future industries”. According to statistics, in the past year, provinces and cities including Beijing, Shanghai, Guangzhou, Zhengzhou in Henan, Hangzhou in Zhejiang, Chengdu in Sichuan, Nanjing in Jiangsu, Wuhan in Hubei and other provinces and cities have announced the construction of metaverse industrial parks.