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Statistics from the National Bureau of Statistics show that in the first seven months of this year, the operating revenue of industrial enterprises above designated size increased by 8.8 percent year on year, maintaining relatively fast growth. The automobile manufacturing industry, railway, ship and other transportation equipment, electrical and machinery industries, and general equipment manufacturing all achieved rapid profit growth. Key industries recovered steadily and the momentum of stabilizing the industrial economy was consolidated.

Key industries performed steadily to consolidate the foundation for industrial recovery

Three production lines are close to full capacity, and the full-year revenue is expected to increase by 100% over last year… When it comes to the running status of the enterprise, Wang Hanchao, founder of power battery management system manufacturer Ligao New Energy, is very confident. “The new energy automobile industry has a considerable prospect, and our country has gained the opportunity in the industrial chain. All these add certainty to the future layout of enterprises.” He said Lico is developing its energy-storage business and expects to invest at least 100 percent more in innovation this year than last.

The automobile industry is recovering at a faster pace after facing challenges from COVID-19 and other factors. In July, Chinese auto production and sales reached 2.455 million and 2.42 million, respectively, up 31.5% and 29.7% year on year. The auto manufacturing industry saw its profit increase by 77.8 percent year on year, making it one of the fastest growing industries. In particular, the related industries of new energy vehicles have maintained a good level of operation.

Data showed that the value added of high-tech manufacturing increased 9 percent year on year from January to July. In June, the growth rate of added value of 27 industries among 41 industrial categories picked up further from that of May.

In terms of investment, from January to July, investment in manufacturing and high-tech industries grew by 9.9 percent and 20.2 percent year-on-year, respectively. Investment in key areas showed a good growth trend, sending a signal of stabilizing the industrial market and the vitality of innovation.

“Industry is stabilizing and picking up, and key industries are playing a very strong role in pulling the economy forward.” Tian Yulong, chief engineer of the Ministry of Industry and Information Technology, said that China will make every effort to resume production in key regions, industries, enterprises and links, and establish and implement a “white list” system for enterprises across the country to ensure smooth production and logistics. Key industries picked up faster, injecting momentum into industrial resilience.

Stable and strong chains continue to exert force and accumulate potential energy for industrial development

Industrial chain is the backbone of industrial economy. Since the beginning of this year, all departments and regions have taken multiple measures at the same time, taking stabilizing the chain as a key focus, and making every effort to get rid of blockages and bottlenecks.

The added value of the equipment manufacturing industry, which was hit hard by the epidemic, recovered to positive growth in May after a brief decline in April, and increased by 8.4 percent year-on-year in July. The added value of the automobile manufacturing industry increased by 22.5% year on year in July, continuing to show a trend of recovery… The industrial chain and supply chain operate effectively, effectively respond to pressure and challenges, and drive industrial economic growth.

Enterprises are the core of the industrial chain. In response to the specific difficulties of enterprise operation and the most urgent needs, policies are encrypted. ‘According to incomplete statistics, there have been 33 government-level measures to help smes this year alone,’ said Liang Zhifeng, director general of the SME bureau of the Ministry of Industry and Information Technology. ‘These policies have played an important role in helping smes rescue.’

The reporter learned from the Ministry of Industry and Information Technology that the Ministry of Industry and Information Technology has promoted the “One million Enterprises” activity of connecting large, small and medium-sized enterprises across the country. So far, more than 110 large enterprises and more than 1,200 specialized and innovative small and medium-sized enterprises have collected more than 2,000 docking demands.

State Grid Jiande City Power Supply Company formulated the “One enterprise one policy” electricity instruction book to help small and medium-sized enterprises reduce electricity costs by installing photovoltaic energy storage equipment. 360 company launched “digital security cloud service” for small, medium and micro enterprises, lowering the digital threshold of small, medium and micro enterprises…… Cooperation between large, small and medium-sized enterprises is expanding from supply chain, service chain to data chain.

Focus on key areas and give greater prominence to boosting industry

At present, we need to give greater priority to boosting the industrial economy.

We will work hard to implement policies. The Ministry of Industry and Information Technology, the State Administration of Market Regulation and the National Energy Administration jointly deployed to promote the coordinated development of photovoltaic industry chain and supply chain; The Ministry of Industry and Information Technology and the Ministry of Finance will launch pilot programs to support the digital transformation of small and medium-sized enterprises. 13. Some Measures to Promote the Consumption of Green Smart Home Appliances issued by the Ministry…… A series of policies were introduced to expand demand and increase supply. Reporters learned from the Ministry of Industry and Information Technology that the Ministry of Industry and Information Technology will promote policy measures to take the lead, appropriate increase, carry out special supervision of industrial growth, accelerate the implementation of the policy effect.

Focus on the key links. “We will strengthen monitoring of the operation of key regions, key industries and key enterprises.” Tao Qing, deputy director of the Operation Monitoring and Coordination Bureau of the Ministry of Industry and Information Technology, said that the coordination platform of key industrial chains and supply chains will be further improved to ensure the stability and smooth flow of industrial chains and supply chains.

Help enterprises rescue difficulties. “We will do more to help small and medium-sized enterprises to rescue them.” Liang said the Ministry of Industry and Information Technology will work with relevant departments to formulate guidelines for further improving the service system for small and medium-sized enterprises, adhere to the needs of small and medium-sized enterprises as the orientation, focus on serving small and micro enterprises, enterprises in less developed areas, to help small and medium-sized enterprises rescue difficulties, promote high-quality development as the focus. At the same time, we will accelerate the gradient development of high-quality small and medium-sized enterprises and support them in taking a specialized and innovative path of development.