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How to establish the investment mechanism to maintain a reasonable proportion of manufacturing indus

Date: 2024-11-14
Times of browsing: 4
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Release date: 2024-11-14
Times of browsing: 4

How to establish the investment mechanism to maintain a reasonable proportion of manufacturing industry?


In a new era and a new journey, it is a key task to comprehensively promote the great cause of national rejuvenation with China-style modernization, and to realize a new type of industrialization. The Decision of the Third Plenary Session of the 20th CPC Central Committee set out improving the systems and mechanisms for promoting high-quality economic development, and set out clear requirements for accelerating a new type of industrialization.      

How to establish the input mechanism to maintain a reasonable proportion of the manufacturing industry? Jin Zhuanglong, secretary of the Party Leadership Group and Minister of the Ministry of Industry and Information Technology, said so:

We will establish a mechanism to maintain a reasonable proportion of investment in the manufacturing sector and lay a solid foundation for the real economy

Manufacturing industry is the lifeblood of China's economy, and it is the foundation of building a country and building a strong country. In the first half of this year, the added value of China's manufacturing sector accounted for 27% of GDP, remaining generally stable. The Ministry of Industry and Information Technology will fully implement the decisions and arrangements of the CPC Central Committee, improve the industrial governance system of manufacturing, strengthen the industrial sector, unswervingly strengthen the manufacturing industry, and accelerate the development of a modern industrial system with advanced manufacturing as the backbone.

First, we will transform and upgrade traditional industries. We will further carry out major projects to upgrade and upgrade major technologies in the manufacturing sector and upgrade large-scale equipment, and support enterprises in upgrading traditional industries with digital intelligence and green technologies. We will strengthen institutional constraints and standard guidance, speed up the supply of advanced standards, and promote equipment upgrading, process upgrading, digital empowerment, and management innovation in key industries.

Second, we will consolidate and upgrade competitive industries. Focusing on rail transit equipment and intelligent and connected new energy vehicles, we will focus on strengthening the supply of innovative policies, promote a strong chain and strengthen the chain, accelerate the iteration and upgrading of new technologies and products, and enhance the competitiveness of the whole industrial chain. We will implement a special action for the development of advanced manufacturing clusters, optimize the regional distribution of industries, guide the convergence of quality factors in national-level clusters, build a number of world-class advanced manufacturing clusters, and foster more world-class enterprises.

Third, we will develop and expand emerging industries. We will focus on strategic industries such as next-generation information technology, artificial intelligence, biomedicine, and quantum technology, strengthen industry guidance and enterprise services, and promote the improvement of development policies and governance systems. We will formulate an action plan to strengthen emerging industries and build new drivers of growth, systematically promote technological innovation, large-scale application, and industrial development, and build new engines of growth such as the low-altitude economy.

Fourth, the forward-looking layout of future industries. We will vigorously develop new fields and new tracks such as humanoid robots, brain-computer interfaces, and 6G, establish a mechanism for future industrial investment growth, improve the incubation and acceleration policy system, promote original and disruptive technological breakthroughs and the emergence of iconic products, and develop and expand gazelle enterprises and unicorn enterprises. We will support areas where conditions permit to conduct pilot projects and build future industrial pilot zones. We will give full play to the role of national funds for the transformation and upgrading of the manufacturing industry, deepen industry integration, and lead the investment of private capital in key areas and weak links.

(Source: People's Daily Online-People's Daily: Accelerate the new industrialization (authoritative interview to study and implement the spirit of the third Plenary Session of the 20th CPC Central Committee —— Visit Jin Zhuanglong, Secretary of the Party Leadership Group and Minister of the Ministry of Industry and Information Technology)


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