On July 23, Xin Guobin, deputy minister of the Ministry of Electricity and Information Technology, revealed on the 23rd that based on the constant price of the previous year, the total telecommunications business volume in the first half of the year increased by 19.3% year-on-year, and the construction of new infrastructure such as 5G accelerated.
On the 23rd, at a press conference held by the Information Office of the State Council, Xin Guobin introduced the development of the industry and communications industry in the first half of 2020.
First, the industrial operating conditions have improved significantly. Efforts will be made to break through the "blocking points" and "breakpoints" of the industrial chain, promote solid chains and strong chains to replenish the chains, and drive upstream and downstream enterprises to resume work and production in coordination, and industrial production basically returns to the right track. The first quarter narrowed by 7.1 percentage points, and the second quarter increased by 4.4% year-on-year. The main economic indicators have improved significantly.
The second is that new industries and new formats are showing vitality. Persist in the supply-side structural reform unswervingly, and promote the accelerated transformation and upgrading of the industry. In the first half of the year, the added value of high-tech manufacturing increased by 4.5%, which was 5.8 percentage points higher than the growth rate of industrial enterprises above designated size. With the help of epidemic prevention and control, the release of production capacity in industries such as pharmaceuticals, electronics, and medical instruments and equipment has accelerated. Consumer products that meet the needs of epidemic prevention and control are growing well, and key medical supplies are guaranteed in a timely and effective manner. The integration of information technology and manufacturing has accelerated, technological innovation and industrial applications such as artificial intelligence, the Internet of Things, and the Internet of Vehicles have accelerated. New progress has been made in the digital transformation of traditional industries. In the first half of the year, the software and information technology service industry achieved a year-on-year growth of 6.7%.
The third is to help enterprises strengthen their policies to increase efficiency. A series of policy measures such as tax cuts and fee cuts, profit reduction, RRR cuts, and employment stabilization have helped companies overcome difficulties. Driven by the release of policy dividends, corporate performance has gradually improved. In the first five months, the profit margin of operating income of industrial enterprises above designated size increased by 1.06 percentage points from the first quarter, and the profit in May increased by 6% year-on-year. Efforts were made to optimize the business environment for enterprises and promote the introduction of the "Regulations on Guaranteeing Payments for Small and Medium-sized Enterprises". Carrying out the manufacturing and upgrading projects for single champions and specialized new "little giants" enterprises, implementing special initiatives for the digital empowerment of small and medium-sized enterprises, and promoting the integration and development of large and small enterprises. In the first half of the year, the cumulative value added of small and medium-sized industrial enterprises above designated size decreased by 1% year-on-year. The decline narrowed by 10.3 percentage points from the first quarter.
Fourth, the growth of the information and communication industry is steady. Calculated at the constant price of the previous year, the total telecommunications business volume in the first half of the year increased by 19.3% year-on-year. Online shopping and live delivery of goods spawned by the epidemic continue to be popular, online education, remote consultation and other industries are booming, and the growth of information consumption is accelerating. The construction of new infrastructure such as 5G has accelerated, and Internet applications have played an important role in accelerating the restoration of economic order. The deployment requirements of the "Government Work Report" have been implemented, and the average tariff for mobile network traffic and the average broadband tariff for SMEs have continued to decline.
Xin Guobin said that in general, with the continuous optimization of normalized epidemic prevention and control measures and the gradual release of macro policy effects, the production order of China's industrial communications industry is basically stable, and the main operating indicators are better than expected, providing a powerful force for the stable operation of the macro economy. support.
However, Xin Guobin also said that my country's industrial economy is still in the recovery period affected by the impact of the epidemic. Considering the spread of the global epidemic and the economic downturn, the smooth operation of the industrial communications industry still faces greater risks and challenges.