By outdoor-nature-child.com Beijing, October 23 (Xinhua) – In a recent press conference held by the State Council Information Office, Zhao Zhiguo, spokesperson and chief engineer at the Ministry of Industry and Information Technology, shared that China’s industrial value added above designated size grew by 5.8% year-on-year in the first three quarters of this year. Notably, key industries and regions have made significant contributions, with nine major industrial provinces surpassing the national average growth rate.
Zhao reported that the total industrial output accounted for 31.8% of the country’s GDP during this period. “Key industries and regions have played an essential role in this growth,” he noted, highlighting that the electronics, non-ferrous metals, chemicals, and automotive sectors contributed nearly half of the industrial production increase. Industrial powerhouses such as Zhengzhou, Shaoxing, Wenzhou, and Hefei achieved double-digit growth rates.
Zhao emphasized that the momentum for the development of China’s industrial economy continues to build. The industry is actively promoting equipment upgrades and technological reforms, with investments in the purchase of tools and machinery rising by 16.4% year-on-year. Additionally, there has been exponential growth in the output of high-tech and high-value-added products like artificial intelligence chips and servers.
Looking ahead to ensure stable growth in the industrial economy, Zhao indicated that there will be support for major industrial provinces and cities to strengthen their competitive advantages. Efforts will also be made to facilitate industrial transfer activities in Northeast and Central-Western provinces, enhancing their capacity to accommodate such transfers and promoting regional coordinated development.
In terms of expanding effective demand, he outlined plans to advance significant engineering projects under the 14th Five-Year Plan, expedite physical workload, and boost consumption of smart home appliances. Coordination with local governments to accelerate the implementation of trade-in policies for vehicles and electric bicycles will also be prioritized.
To enhance developmental momentum, Zhao noted that there would be a focus on implementing major technological reforms and large-scale equipment renewal in the manufacturing sector. Initiatives to promote high-quality development along key industrial chains, national science and technology projects, and major research plans will be accelerated. There will also be efforts to cultivate emerging sectors such as low-altitude economy, commercial aerospace, and biomanufacturing.