Ministry of Industry and Information Technology： The long-term positive fundamentals of China’s industrial economy remain stable.

　　CCTV News:On October 20th, the State Council held a press conference on the development of industry and informatization in the first three quarters of 2023. Zhao Zhiguo, spokesperson and chief engineer of the Ministry of Industry and Information Technology, introduced the development of industry and information technology in the first three quarters.

　　Zhao Zhiguo said that in the first three quarters, the development of industry and informatization was generally stable, the industrial structure was continuously optimized, new kinetic energy and new advantages were continuously gathered and enhanced, the vitality of innovation and development was continuously released, and high-quality development achieved positive results.

　　First, the industrial economy has recovered. We have implemented a series of steady growth policies "combination boxing" issued by the State Council, and constantly stabilized the industrial economy to resume its development momentum. From the main economic indicators, it has the following characteristics: industrial production has grown steadily. In the first three quarters, the added value of industrial enterprises above designated size increased by 4% year-on-year, and the growth rate was 0.2 percentage points faster than that in the first half of this year. The proportion of added value of manufacturing industry in GDP has remained basically stable, and investment in manufacturing industry has continued to grow, and the growth rate has gradually accelerated since July. The efficiency of enterprises has been accelerated. Among them, in August, the profits of industrial enterprises above designated size increased by 17.2% year-on-year, and the operating income and profits all turned from negative to positive.

　　Second, the high-quality development of the manufacturing industry has taken solid steps. We vigorously promoted the accelerated development of advanced manufacturing industries. In the first three quarters, investment in high-tech manufacturing industries increased by 11.3% year-on-year, which was 5.1 percentage points higher than investment in manufacturing industries. Accelerate the cultivation of new products, new industries and new formats, achieve rapid growth in new energy vehicles, photovoltaic products, aerospace vehicles and equipment, and continue to lead the shipbuilding industry in the world. Accelerate the process of digital transformation, promote the scale expansion and level improvement of smart factory construction, and have built nearly 10,000 digital workshops and smart factories. Create new scenarios, new solutions and new models for intelligent manufacturing, and achieve remarkable results in industrial quality improvement and efficiency improvement.

　　Third, the information and communication industry has maintained steady growth. We continue to give play to and consolidate the advantages of the information and communication industry and support high-quality economic and social development. In the first three quarters, the telecom business revenue increased by 6.8% year-on-year, and the total business volume increased by 16.5% year-on-year. The network infrastructure has been continuously consolidated. By the end of September, 3.189 million 5G base stations had been built, with 145 million gigabit broadband users. The network service capacity has been continuously upgraded, with the total computing power reaching 197 trillion floating-point operations per second, and the mobile network IPv6 traffic accounts for 58.4%. Innovative and integrated applications have been comprehensively deepened. 5G applications have been integrated into 67 categories of national economy. There are more than 7,000 "5G+ Industrial Internet" projects nationwide, and the number of mobile Internet of Things terminals has reached 2.22 billion. The people’s livelihood of Pratt & Whitney has been steadily improved, and 1924 commonly used websites and apps, over 140 million smart phones and smart TVs have been promoted to complete the aging transformation.

　　Fourth, the development of small and medium-sized enterprises has achieved remarkable results. We strengthened policy support and implemented some measures to help small and medium-sized enterprises to stabilize their growth and adjust their structural strength. In the first three quarters, many key indicators of the economic operation of small and medium-sized enterprises rebounded. Strengthen service support, and carry out the SME service action and SME service month. Strengthen digital transformation, select and publicize the first batch of 30 pilot cities for digital transformation of small and medium-sized enterprises, and promote the deep integration of digital economy and real economy. Strengthen the cultivation of high-quality enterprises, and cultivate a total of 103,000 specialized and innovative small and medium-sized enterprises, 12,000 specialized and innovative "little giant" enterprises, and 200 characteristic industrial clusters of small and medium-sized enterprises, playing an important role in strengthening the chain.

　　Generally speaking, although the current industrial economy is facing difficulties such as insufficient demand, the long-term positive fundamentals of China’s industrial economy are still stable. In particular, the successful convening of the National New Industrialization Promotion Conference has injected a strong impetus into the development of the industrial economy, and we are fully confident that the industrial economy will further pick up and improve.