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In the first three quarters, the growth of China's industrial economy is expected to stabilize.

In the first three quarters, the growth of China's industrial economy is expected to stabilize.

  • Categories:Company Culture
  • Author:
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  • Time of issue:2018-09-29 08:57
  • Views:2

(Summary description)"Despite the difficulties and pressures, on the whole, the fundamentals of China's industrial and communications industry development are still good. Since the third quarter, the momentum of China's i

In the first three quarters, the growth of China's industrial economy is expected to stabilize.

(Summary description)"Despite the difficulties and pressures, on the whole, the fundamentals of China's industrial and communications industry development are still good. Since the third quarter, the momentum of China's i

  • Categories:Company Culture
  • Author:
  • Origin:
  • Time of issue:2018-09-29 08:57
  • Views:2
Information

"Despite the difficulties and pressures, on the whole, the fundamentals of China's industrial and communications industry development are still good. Since the third quarter, the momentum of China's industrial and communications industry tends to be stable, and will continue to show positive changes. ."
On October 25, Zhu Hongren, member of the Party Group, chief engineer and spokesperson of the Ministry of Industry and Information Technology, pointed out at the press conference of the "First Quarter Industrial and Communication Industry Development" of the State Council Information Office that the current industrial economy in China is moving forward. The development trend is stabilizing, the production growth is slow and stable, and the downward pressure is gradually slowing down.
Zhang Feng, Director of the Communication Development Department of the Ministry of Industry and Information Technology, answered questions from reporters on the development of the communications industry.
Favorable factors consolidate the momentum of economic stabilization
Zhu Hongren pointed out that industry is the main body of the real economy and an important part of the national economy. In the gross domestic product, the industrial added value accounts for more than 40%. The industry is closely related to the national economy. Therefore, the industrial economic operation trend is judged macroscopically. An important aspect of whether the economy is stabilizing.
From the growth rate, from January to September this year, the added value of industrial enterprises above designated size increased by 10% year-on-year, including 11.6% in the first quarter, 9.5% in the second quarter, and 9.1% in the third quarter. Although it slowed down quarter by quarter, it was slow to see Stable, the growth rate of the three months of July, August and September was 9.2%, 8.9% and 9.2% respectively. From the ring comparison, the growth rate of the three months of July, August and September was 0.67%, 0.71% and 0.79%, respectively, and the growth trend was stable.
In terms of industries, the growth rate of production of some raw materials such as building materials, chemicals and non-ferrous metals showed signs of stabilizing. In September, the growth rate of raw material industry's added value reached 10.8%, which has risen for two consecutive months; automobile production and sales reversed negative growth at the beginning of the year. The situation continued to grow steadily. In the first quarter, vehicle production decreased by 1.8% year-on-year to 5% in the first three quarters. The consumer goods industry overcame the impact of shrinking external demand and maintained steady and rapid growth. The growth rate in the third quarter was 10%, which was basically the same as that in the second quarter. Flat.
In terms of regions, the decline in the growth rate of industrial production in the eastern region has slowed markedly. The average growth rate of the added value in July and August was 8.2%. The growth rate in September rebounded to 8.3%. The growth rate in September in the central and western regions was higher. The monthly rebound was 0.3 and 0.2 percentage points respectively.
Judging from the policy effect, a series of stable growth policy effects introduced by the central government since May have been further presented. For example, since the launch of the energy-saving products Huimin project, a total of 11.3 million energy-saving home appliances have been sold. As a result, sales of household appliances in September increased by 14.7% year-on-year, 4.2 percentage points faster than that in August.
Zhu Hongren pointed out that the leading indicators in some production areas have rebounded recently. The manufacturing purchasing managers index rebounded by 0.6 percentage points in September from the previous month. The average daily power generation in mid-October increased by 4.42% year-on-year and 9% quarter-on-quarter; since mid-September Steel prices have rebounded for several weeks, and the prices of non-ferrous metals and cement have started to rise. The production and sales of some engineering machinery products have also improved.
At present, the operation of industrial economy is at the critical juncture of bottoming up, and favorable factors are gathering. As the policy effect of steady growth of enterprises is further manifested, the momentum of stabilization will be further consolidated. The growth rate of industrial production in the fourth quarter may be higher than that in the third quarter. It will lay a good foundation for achieving the expected goal of annual GDP growth rate exceeding 7.5%.
Favorable environment to promote enterprises to rise
Zhu Hongren pointed out that under the downward pressure of the economy, some industries and enterprises have become more difficult to produce and operate, and they have been compared to "warm boiled frogs".
Statistics show that in the first seven months of this year, China’s total foreign trade exports increased by only 1% and 2.7% year-on-year. Although the growth rate in September rebounded to 9.9%, overall, due to the downward pressure on external demand contraction, future industrial products exports There is still greater difficulty in steadily growing.
At the same time, corporate profits continued to decline, and some enterprises' production and operation difficulties increased. From January to August, the profits and losses of industrial enterprises above designated size fell by 3.1% year-on-year, of which 6.2% fell in August. The increase in enterprise cost was faster than the increase in income, and the pressure on costs and funds remained high. Some small and micro enterprises are more difficult.
The accelerated increase in costs has weakened corporate profitability and is one of the important reasons for the decline in corporate profits. In the case of tight market conditions and rising cost rigidity, some difficult enterprises have increased their operational difficulties. Some small and micro enterprises are more difficult. To solve these problems, there are two main aspects:
First, the government is committed to creating a good environment conducive to the development of enterprises and helping enterprises to reduce their burdens. In this regard, the state has adopted a series of measures. The "Opinions on Further Supporting the Healthy Development of Small and Micro Enterprises" issued by the State Council this year (Guofa No. 14 Document) proposes to facilitate access to market entities, structural tax reduction, and related The necessary simplification measures must be taken in terms of fee reduction and further optimization of industrial and commercial registration. Now the Ministry of Industry and Information Technology is working with relevant departments to put these certain measures in place as soon as possible so that these policies can be truly implemented in enterprises, especially small and micro enterprises, so that enterprises can cope with the pressure of production and operation and overcome the current difficulties.
Second, enterprises need to seize the opportunities formed by the current market adjustment, further strengthen management, focus on improving technological innovation capabilities, foster core competitiveness, and improve their ability to adapt to market risks. The reason why most enterprises in China are not able to cope with cost changes and anti-risk ability is fundamentally lacking in independent innovation capability. Most enterprises are in the middle of “smile curve”, that is, assembly and processing.
In the next step, the relevant departments should promote the enterprise to the high-end of the industrial value chain, and extend to the R&D design and channel brands at both ends of the “smile curve”. The Ministry of Industry and Information Technology currently regards the development of industrial design as an important aspect of promoting industrial transformation and upgrading, and also focuses on upgrading the core competitiveness of the industry. This is also the original intention of the Ministry of Industry and Information Technology to carry out the evaluation of outstanding industrial design awards. In fact, this activity is to guide enterprises to pay more attention to design, focus on research and development, pay more attention to shaping and cultivating independent brands, so that enterprises can make faster pace on the road of transformation and upgrading.

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