In the face of the complex and changing external environment and the challenges of multiple factors, China’s manufacturing industry has been moving forward steadily – in 2023, the “combination of stabilizing growth policies” was powerful and effective, and the annual value-added of industry above designated size grew by 4.6% year-on-year, an increase of 1 percentage point compared with that of 2022. Percentage points, the overall size of the manufacturing industry ranked first in the world for 14 consecutive years.
This is the reporter learned from the State Council Information Office conference held on the 19th.
Industry is the foundation of a large country, stabilizing industry, is the key move to stabilize the economic plate. 2023, China launched a series of policies to stabilize growth, the introduction of ten key industrial sectors to stabilize growth programs, focusing on stabilizing the industry, to stimulate the endogenous momentum of industrial development.
Xin Guobin, vice minister of the Ministry of Industry and Information Technology, said at the meeting that in 2023 China’s industrial economy in general showed a rebound to a good trend, the information and communication industry to accelerate the development of high-quality development is solidly promoted.
Data released at the meeting showed that 28 out of 41 major industrial sectors maintained growth. The average growth rate of the ten key industries exceeded 5%. The industrial economy of most provinces recovered steadily, with the vast majority of provinces experiencing year-on-year growth in industrial value added, and the provincial growth surface increased by nearly 20% compared to 2022.
Industrial investment was steady. Industrial fixed asset investment grew 9% year-on-year, of which, the growth rate of investment in manufacturing industry has been accelerating since August 2023, and investment in automobiles, electrical machinery and equipment, chemicals, non-ferrous metals, and other industries have achieved double-digit growth, and there is sufficient momentum for the continued development of the industrial economy.
Xin Guobin said that in 2024, the internal and external environments facing the development of the industrial economy are still severe and complex, but China has the advantages of a complete industrial system, a super-sized market and a perfect information infrastructure, and the long-term trend of the industrial economy will not change for the better. Will focus on the primary task of high-quality development, actively respond to internal and external risks and challenges, consolidate and enhance the industrial economy rebound to good momentum, and continue to promote the high-quality development of industry and communications industry.
Source : www.gov.cn
