Ministry of industry and information technology: four highlights of industrial economy in the first quarter

2022-04-20

"In the first quarter, the industrial economy achieved a stable start, and positive results were achieved in the development of industry and informatization." Luo Junjie, spokesman of the Ministry of industry and information technology and director of the operation monitoring Coordination Bureau, said at a press conference held by the state information office on April 19. Luo Junjie pointed out that from the perspective of economic indicators, there are four highlights: first, industrial production remained stable. In the first quarter, the added value of industries above designated size increased by 6.5% year-on-year, 2.6 percentage points higher than that in the fourth quarter of last year, showing a good trend of quarterly recovery; Second, the proportion of manufacturing industry further increased, which was 28.9% in the first quarter, an increase of 1.3 percentage points year-on-year, reaching the highest value since 2016; Third, the leading role of industrial exports continued to increase. In the first quarter, the export delivery value of Industrial Enterprises above designated size increased by 14.4% year-on-year, maintaining a double-digit growth for a consecutive year; Fourth, manufacturing investment rebounded significantly. In the first quarter, manufacturing investment increased by 15.6% year-on-year, 2.1 percentage points faster than that in 2021. Liu Xiangdong, deputy director of the Economic Research Department of the China Center for international economic exchanges, told the Securities Daily that there are three reasons for the continued recovery of the industrial economy: first, China has taken strong policy measures. We will ensure that the policy moves forward, ensure supply and stabilize the chain, help enterprises to alleviate difficulties, effectively promote the resumption of industrial production, smooth the industrial production cycle, and promote the healthy development of the industrial economy. Second, speed up the action of strengthening and supplementing the chain, and basically keep the proportion of manufacturing industry from declining. At the same time, efforts will be made to open up the supply chain blockages and checkpoints in the industrial chain, so as to effectively promote the growth of manufacturing investment. Third, the driving effect of stabilizing foreign trade appears. China has strengthened the implementation of the policy of stabilizing foreign trade, made every effort to ensure orders, expand the market and enhance the export capacity of made in China. "In the next step, the Ministry of industry and information technology will resolutely implement the decisions and arrangements of the Party Central Committee and the State Council, adhere to the principle of stability and seek progress in stability, strengthen forward-looking prediction, do a good job in cross cycle adjustment, implement accurate hedging, strive to promote the stable operation and quality upgrading of the industrial economy, strive to achieve a smooth connection in the second quarter, and provide solid support for stabilizing the macro-economic market." Luo Junjie said. In Liu Xiangdong's view, in order to further boost the industrial economy, we must first eliminate the obstacles restricting normal production, including difficulties in production and operation of small, medium-sized and micro enterprises, rising prices of bulk raw materials, etc. Turning to the specific work, Luo Junjie introduced that first, we should pay close attention to the implementation of policies. Second, take multiple measures to open up the blocking points and checkpoints in the supply chain of the industrial chain. Establish a "white list" system for key industrial chain supply chain enterprises, and ensure the stability and smoothness of key industrial chain supply chains by strengthening ministerial and provincial coordination and cross regional coordination. Third, do everything possible to help small and medium-sized enterprises tide over difficulties. Efforts will be made to promote the implementation of the policies that have been issued to help enterprises and benefit enterprises, and carry out the "benefit enterprises together" service action for small and medium-sized enterprises. Fourth, accelerate investment in major projects and tap new consumption potential. We will accelerate the implementation of major projects and projects in the 14th five year plan for the manufacturing industry, support a number of major technological transformation projects for energy conservation and carbon reduction, guide basic telecommunications enterprises to appropriately deploy 5g base station construction in advance, promote the formation of physical workload as soon as possible, and give full play to the impact of investment. (Xinhua News Agency)

Edit:He Chuanning    Responsible editor:Su Suiyue

Source:Securities Daily

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