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Manufacturing Shows Impressive Results
- Jan 15, 2019 -

Recently, Miao Wei, Minister of the Ministry of Industry and Information Technology, revealed at the press conference of the State Council that in 2016, China's industrial growth rate has stabilized, and the pace of structural adjustment and transformation and upgrading has been accelerating. New and old kinetic energy has accelerated the continuous conversion,De-capacity,Reduce short-board, and down the cost has achieved positive progress, the enterprise's efficiency has continued to improve, and the industrial economy has generally shown a stable and stable quality and stable operation.

Benefit improvement: industrial enterprises realized profits increased by 8.5% year-on-year.

China ranks as the world's No. 1 manufacturing power and network power. More than 220 of the more than 500 major industrial products rank first in the world, and 56 manufacturing companies have entered the list of the world's top 500 companies in 2015...

Behind this group of bright data is the Ministry of Industry and Information Technology's efforts to promote the implementation of "Made in China 2025" and "Internet +" to promote industrial stability, adjust structure, increase efficiency, and support the innovation and development of small and medium-sized enterprises. "With the implementation of various policies and the effects, the industrial stability base has been continuously consolidated, the industrial economy has stabilized, and corporate profitability and market confidence have continued to improve." Miao Wei said.

The data shows that the industrial added value increased by 6% year-on-year last year. The monthly growth rate has stabilized at more than 6% since March, and industrial growth has become more stable. The profits of industrial enterprises have increased by 8.5% year-on-year, which has changed the negative growth of the previous year. The profit growth of pharmaceutical, electronics and chemical industries reached 15.5%, 12.9% and 11.5% respectively; the profit growth of metallurgical and coal industries reached 2.02 times and 2.23 times respectively, showing a rapid recovery.

At present, the foundation of the world economic recovery and market confidence are still very fragile. The new kinetic energy of domestic economic growth is still not strong enough. There are still many obstacles to industrial transformation and upgrading. However, in the view of Miao Wei, China’s industrial economy has stabilized to a good fundamental. Change, "Internet +" will become a new engine to boost economic development.

Structural optimization: steel production capacity exceeds 65 million tons

According to statistics, last year China's steel production capacity exceeded 65 million tons, exceeding the target of 45 million tons per year. In the whole year, the profit of the steel industry increased by 2.02 times, and the loss of loss-making enterprises decreased by 51% year-on-year. The operating conditions of the whole industry were greatly improved.

"De-capacity is a long-term work. The determination to go to capacity this year will not be shaken, and the strength will not be weakened." Xu Lejiang, deputy director of the Ministry of Industry and Information Technology, said that the Ministry of Industry and Information Technology will resolutely ban "Ground bar steel" to create a favorable environment for fair competition in the steel market. Resolutely withdraw the capacity that does not meet the standards and policies of environmental protection, safety, energy consumption, etc., and dispose of “zombie enterprises” as the “bovine nose” for overcapacity.

In terms of destocking, the inventory of finished products of industrial enterprises increased by 3.2% year-on-year at the end of last year, and the growth rate was lower than the main business income of 1.7 percentage points in the same period. In terms of deleveraging, the asset-liability ratio of industrial enterprises at the end of last year was 55.8%, down 0.4 percentage points year-on-year; In terms of cost reduction, the cost per 100 yuan of main business income of industrial enterprises was 85.52 yuan, a year-on-year decrease of 0.16 yuan. In terms of short-board, last year, the industrial technology transformation investment was 92.567 billion yuan, an increase of 11.4% over the same period. The growth rate of fixed assets investment was 7.8 percentage points, accounting for 40.6% of industrial fixed assets investment.

Miao Wei said that the solid advancement of supply-side structural reforms in the industrial sector has led to the continuous optimization of China's industrial structure and the acceleration of traditional industrial transformation. At the same time, strategic emerging industries and advanced manufacturing industries are also growing rapidly, and new modes of new business are emerging.

Kinetic energy conversion: the added value of high-tech manufacturing increased by 10.8% year-on-year

The "Shenzhou" series spacecraft was successfully launched. The jiaolong manned submersible was successfully developed. The Yangtze Three Gorges shiplift has set a new world record. Multi-axis precision heavy-duty CNC machine tools and other products have been ranked among the world's top, high-speed rail, nuclear power, communication equipment, etc. With global competitiveness... Under the guidance of innovation, a large number of high-end equipment has made breakthrough progress.

"At present, China's new and old kinetic energy conversion is accelerating, and high-tech manufacturing industry maintains a relatively fast growth trend." Miao Wei said that the added value of China's high-tech manufacturing industry increased by 10.8% year-on-year, and the growth rate was 0.6 percentage points higher than the previous year; Profits increased by 14.8% year-on-year, up 5.9 percentage points year-on-year; new energy vehicles, industrial robots, integrated circuits and solar cell production increased by 58.5%, 34.3%, 21% and 17.8% respectively over the previous year.

In the development of manufacturing and Internet convergence, the new economy represented by the Internet is developing rapidly. According to statistics, last year China's manufacturing digital research and development tools penetration rate reached 61.8%; enterprise cloud services accounted for 33.5%, 47% of large enterprises to build and operate collaborative innovation platform, key backbone enterprises e-commerce penetration rate reached 54%; software The information technology service industry continued to maintain rapid growth, with a software business income of 4.9 trillion yuan and a total profit of 602.1 billion yuan, a year-on-year increase of 14.9%.

For the new growth point of cultivating industrial development, Miao Wei said that it is necessary to speed up the cultivation and expansion of advanced manufacturing, give full play to the role of high-tech manufacturing to industrial growth, solve the problem that key core technologies and high-end equipment are subject to long-term constraints, and improve the industrial technology base. System; promote the construction of manufacturing quality brand, deepen the development of manufacturing and Internet convergence, and foster new business models and new models.