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The industrial economy continues to recover


Edit:2022-10-19 00:00:00

  China's manufacturing purchasing managers' index (PMI) was 50.1 per cent in September, up 0.7 percentage points from the previous month. The manufacturing sector entered its traditional peak season, with the production index rising to 51.5%, up from 1.7 percentage points in the previous month. Business conditions of large, medium and small enterprises have picked up... A series of recent data points to an expansion in manufacturing production and a pick-up in sentiment. As the policy of stabilizing growth took effect, the industrial chain was effectively put into operation, and the recovery momentum of the industrial economy was consolidated.

  When you hit the brakes, the doors close automatically, and you turn on the nap mode. The sound of the waves will help you fall asleep, and when you drive at night, you will cast a wide light blanket on the front of the car. At the New energy Vehicle exhibition area of the 2022 World Manufacturing Conference held earlier, visitors were amazed by smart cars.

  From January to August this year, the production and sales of new energy vehicles in China completed 3.97 million and 3.86 million, respectively, up 1.2 times and 1.1 times year-on-year, contributing to the role of the manufacturing industry in stabilizing the economic market. It's not just new energy vehicles that continue to improve. In recent months, a series of policies to stabilize growth have taken effect, enterprises have improved their operating conditions, and industrial production continues to show a recovery.

  Four steel "robots" with a height of about 20 meters were lined up in two parallel rows and waved the mechanical boom at the top. On September 29, "Integrated platform for intelligent construction of steel structure industrial plant" was put into use in Zhejiang Zhoushan Standard Plant project of China Resources Power Co., LTD. The platform, independently developed by the Third Bureau of China Construction, realizes continuous interspersed operation of each process and provides an industrialization solution for the construction of steel structure plant. "By developing and applying intelligent equipment, we promote intelligent construction, improve construction efficiency and speed up the project schedule." Project related person in charge said.

  The business activity index for the construction industry stood at 60.2 percent in September, up from 3.7 percentage points in the previous month, NBS data showed. Construction rose to a high business zone, indicating a faster expansion in production activity. In September, the production index of food, wine and beverage refined tea, medicine, non-metallic mineral products, ferrous metal smelting and rolling processing, general equipment manufacturing and other industries all rose to 54% or above, indicating a rapid release of enterprise capacity.

  Tian Yulong, chief engineer of the Ministry of Industry and Information Technology, said that for some time, policies to support stable industrial growth have been issued to add momentum to enterprises and inject confidence into the market. At the same time, in key regions, industries, enterprises and links, China has made every effort to ensure stable and increased production of relevant entities and accelerate the improvement of key industries, injecting momentum into industrial resilience.

  Data from Jingdong Industrial Products showed that in September, the page views of Jingdong Hardware City increased by 95 percent month-on-month, and transaction value increased significantly. "Hardware tools are a typical example of an industrial product category, and the positive data not only shows that digitization has improved the efficiency of purchasing industrial products, but also indicates that enterprises are expanding production." Cao Xin, general manager of JD's industrial products platform business department, said.

  The PMI of medium-sized enterprises stood at 49.7 percent in September, up 0.8 percentage points from the previous month, according to the National Bureau of Statistics. Small business PMI stood at 48.3 percent, up 0.7 percentage points from the previous month. The recovery of small and medium-sized enterprises will further consolidate the momentum of stabilizing the industrial economy.

  "According to incomplete statistics, since the beginning of this year alone, more than 30 policies and measures have been introduced at the national level to help enterprises. These policies have played an important role in helping smes rescue." Ministry of Industry and Information Technology small and medium enterprise Bureau director Liang Zhifeng said.

  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.

  "We will further push forward policy measures and increase them as appropriate." Officials from the Ministry of Industry and Information Technology said they will implement a package of policies to stabilize the economy, strengthen monitoring and dispatch of key regions, key industries and key enterprises, and do more to help small and medium-sized enterprises to speed up the recovery of the industrial economy.


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