(Economic Watch) Can the recovery momentum of China's manufacturing share be maintained?

　　China News Agency, Beijing, April 25 (Reporter Liu Yuying) In the first quarter, the proportion of China's manufacturing industry added value in GDP reached the highest value since 2016.

In the face of many uncertain factors, China is taking multiple measures to stabilize the industrial chain and supply chain, promote the stable growth of the industrial economy, and maintain a stable proportion of the manufacturing industry.

　　Before 2021, the proportion of China's manufacturing industry has been declining for many years. In 2011, the proportion of China's manufacturing industry was 32.06%, and by 2020, it has dropped to 26.18%.

By 2021, the proportion of the manufacturing industry will return to positive growth, reaching 27.4%, a year-on-year increase of 1.1 percentage points.

　　Manufacturing is the foundation of a country and the foundation of a strong country.

Chinese officials have repeatedly emphasized maintaining a stable proportion of the manufacturing sector.

The "14th Five-Year Plan" further proposes to "deeply implement the strategy of manufacturing a strong country", and for the first time emphasizes "maintaining the proportion of the manufacturing industry to be basically stable".

　　In an interview, Liu Xu, senior vice president of Zhongcheng Think Tank, said that the historical practice of economic development in various countries around the world has proved that manufacturing is the key for a country to seize the commanding heights of international competition strategy, and it is the key to maintaining domestic economic stability, creating jobs, and stimulating growth. important areas.

　　From the experience of developed countries, the decline in the proportion of manufacturing, including the proportion of employees, is an inevitable result of economic development and industrialization.

However, compared with developed countries in the manufacturing industry, Li Yizhong, former minister of the Ministry of Industry and Information Technology, once said that there is a problem of premature and rapid decline in the proportion of China's manufacturing industry.

　　After the global financial crisis in 2008, the importance of manufacturing was highlighted again. Developed countries in Europe and the United States accelerated the implementation of the "reindustrialization" strategy, China proposed the strategy of "manufacturing power", and emerging economies accelerated to build a new "world factory".

　　In this context, in the first quarter of this year, the proportion of China's manufacturing industry continued to increase.

Han Jianfei, deputy director of CCID think tank Industrial Economics Research Institute, believes that this is due to the "dynamic clearing" epidemic prevention and control policy and economic steady growth policy that have laid the foundation for the sustainable development of the manufacturing industry. The pulling effect is obvious; on the other hand, the manufacturing industry is less affected by the new crown pneumonia epidemic than the service industry.

　　Liu Xu believes that in recent years, China's technological innovation policies such as key technological breakthroughs and support for specialized, specialized, and new enterprises have gradually shown results. Especially in the fields of high-tech manufacturing and equipment manufacturing, industrial competitiveness and market space have gradually improved.

In addition, tourism and other service industries have been greatly affected by the epidemic, and their proportion has declined.

　　However, uncertainties at home and abroad are increasing.

Affected by unfavorable factors such as the spread of the epidemic and geopolitical conflicts in March, some indicators of the industrial economy slowed down significantly, and the downward pressure further increased.

　　For example, by March 21, the daily average value of China's vehicle freight flow index in March increased by 2.6% year-on-year, a sharp drop from the growth rate of 6.2% in the previous February.

Xin Guobin, vice minister of China's Ministry of Industry and Information Technology, said at a meeting last weekend that the shutdown of one company in the auto equipment, electronics and other industries in the Yangtze River Delta region may affect a large number of companies in the industrial chain and supply chain.

　　In the face of blockages in the industrial chain and supply chain, many departments in China have taken measures to ensure freight logistics. Usually, the Ministry of Industry and Information Technology and other departments have released 4 batches of key industrial chain supply chain "whitelist" companies, with a total of more than 2,000; , the official crackdown on hoarding and price gouging; in addition, the official introduced a series of measures to bail out small and medium-sized enterprises.

　　From a longer-term perspective, Han Jianfei believes that emerging industries such as new energy vehicles and new materials are the transformation and upgrading of traditional industries, and the "basic disk" of traditional industries should be stabilized; Advanced manufacturing industry clusters such as high-end equipment; further expand consumption in key areas such as new energy vehicles and smart home appliances, and increase the contribution of domestic demand to manufacturing growth.

　　Liu Xu said that it is necessary to promote regional synergy, expand opening to the outside world, realize efficient coordination and connection of industrial chains, accelerate the construction of a domestic cycle, reduce manufacturing costs, and improve production efficiency; strengthen international cooperation, further expand foreign markets, and give full play to the role of external demand in the manufacturing industry. support.

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