In the first three quarters, the planned industrial added value increased by 1.2% year-on-year-
China's industry is steadily improving (Sharp Finance)
In the first three quarters, the value-added of industrial enterprises above designated size increased by 1.2% year-on-year, the value-added of high-tech manufacturing increased by 5.9% year-on-year, and the operating income profit rate of industrial enterprises on the scale was 5.79%... China's industry has steadily recovered to a positive momentum.
Industry insiders pointed out that in the face of the severe impact of the epidemic and the impact of unfavorable factors at home and abroad, China's industrial economy has achieved sustained, stable and restorative growth, with major operating indicators better than expected, and the subsequent rebound will continue, providing strong support for the stable operation of the macro economy.
Overall stable
"We have overcome the impact of unfavorable factors such as the new crown pneumonia epidemic, and the industrial economy has achieved a good momentum of stable recovery." said Huang Libin, spokesperson of the Ministry of Industry and Information Technology and director of the Operation Monitoring Coordination Bureau.
——Industrial growth has steadily picked up.
In the first three quarters, the value added of the industrial enterprises above designated size increased by 1.2% year-on-year, of which the first quarter fell by 8.4%, and the second and third quarters increased by 4.4% and 5.8% respectively, showing a good momentum of continuous and steady recovery.
——The development of new business forms and new models.
The high-tech industry is growing well. In the first three quarters, the added value of the high-tech manufacturing industry increased by 5.9% year-on-year. Since March, the average monthly growth rate has reached 9%; the software and information technology service industry achieved a year-on-year increase of 11% in revenue in the first three quarters.
—— The effectiveness of helping enterprises to relieve their difficulties is evident.
In the first eight months, the profit margin of operating income of industrial enterprises above designated size gradually recovered to 5.79%, an increase of 1.85 and 0.37 percentage points respectively over the first quarter and the first half of the year.
In the first three quarters, the added value of small and medium-sized enterprises above designated size increased by 1.1%. In September, 42% of small and medium-sized enterprises had demand for recruitment, an increase of 0.6% compared with August.
——The information and communication industry is operating smoothly and improving.
Calculated at the constant price of the previous year, the total volume of telecommunications services in the first three quarters increased by 18.6% year-on-year, and investment in fixed assets increased by 16.5% year-on-year.
Huang Libin pointed out that in general, with the in-depth advancement of the "six stability" and "six guarantees" measures, China's industrial communications industry as a whole is steadily improving, with major operating indicators better than expected, providing strong support for the stable operation of the macro economy.
Industrial development has quality
Promoting high-quality industrial development is the key to achieving high-quality economic development.
While the industrial economy has achieved such impressive results, how has it developed in terms of quality?
Looking at automobiles, the development of new energy is the main trend of the global automobile industry's transformation, upgrading and green development, and it is also a strategic choice for the leapfrog development of China's automobile industry.
Huang Libin introduced that China's new energy automobile industry has entered a development period from the cultivation period and has become an important force leading the transformation of the global automobile industry. The total domestic industry chain investment has exceeded 2 trillion yuan, which has increasingly become a new driving force for development; market transaction volume has continued for 5 consecutive years. Ranked No. 1 in the world each year, with a cumulative sales of more than 4.8 million vehicles (about 1.7% of total car ownership), accounting for more than half of the world; effective communication between upstream and downstream of the industry chain, innovation in key areas such as batteries, motors, and electronic control Active, power battery technology is at the forefront of the world.
Looking at 5G, as an important part of new infrastructure construction, whether 5G is developing fast or not, is an important part of the high-quality development of the country's industry.
According to Wen Ku, Director of the Information and Communication Development Department of the Ministry of Industry and Information Technology, a total of 690,000 5G base stations have been opened, and more than 500,000 will be built this year. This year's goal has been achieved ahead of schedule.
"As these data increase month by month, the role of 5G is very obvious, especially its potential in stabilizing investment, promoting consumption, helping upgrades, and cultivating new drivers of economic development."
Looking at the manufacturing industry, improving the quality of the manufacturing supply system and meeting the needs of domestic consumption upgrades is an important support for the formation of a new development pattern with the domestic big cycle as the main body and the domestic and international double cycles mutually promoting each other.
Huang Libin introduced that in terms of innovation capacity building, new breakthroughs have been made in innovation in key areas since the beginning of this year, and the advanced manufacturing industry represented by high technology, intelligence and flexibility has continued to grow and develop.
The rebound will continue
Since the beginning of this year, the industrial economy as a whole has shown a sustained and stable recovery trend of "seasonal acceleration of production growth, continuous improvement of the connection between production and sales, and significant increase in confidence in market entities", and the momentum of recovery is sufficient.
Can this momentum continue in the future?
Huang Libin pointed out that the industry was the first to reverse the sharp decline in production. In the second and third quarters, the year-on-year growth rate of the added value of the industrial enterprises above designated size rebounded to 4.4% and 5.8% respectively, and reached 6.9% in September. Among the 41 major industrial sectors, 20 industries have experienced a year-on-year increase in cumulative value-added in the first three quarters. China’s super-large market has great potential and sufficient resilience; the added value of high-tech manufacturing in the first three quarters increased by 5.9% year-on-year. The growth rate of the industrial enterprises above designated size nationwide was 4.7 percentage points higher, and the development of emerging industries was good and the stamina was strong; the profits of industrial enterprises above designated size in the three months of June, July and August increased significantly year-on-year by 11.5%, 19.6% and 19.1% respectively. The policy of helping enterprises to relieve their difficulties is strong and effective.
"Comprehensive analysis of various factors shows that we have the foundation, conditions, and confidence to maintain the current momentum of recovery and improvement," said Huang Libin.
Huang Libin said that super-large-scale market advantages, complete industrial supporting advantages, and rich human capital advantages provide a strong force for the continuous recovery and high-quality development of the industry; the macro policy environment continues to improve, and large-scale tax cuts and fee reductions are alleviated. The effect of the policy of helping enterprises continued to be released, the business environment continued to be optimized, and the confidence of market entities continued to be restored and strengthened.
"The industrial economy has achieved sustained, stable and restorative growth, with hard-won achievements, and the fundamentals of China's long-term industrial development have not changed." Huang Libin said.
Kong Dechen