Economy

Continuously consolidating and strengthening the foundation of the real economy

2024-11-05   

Industrial economy is the cornerstone of the national economy and the backbone of promoting the accelerated formation of new quality productivity. We should continue to consolidate and strengthen the fundamental position and important role of manufacturing in the real economy. According to the monitoring data of value-added tax invoices from the State Administration of Taxation, the sales revenue of industrial enterprises in China increased by 3.6% year-on-year in the first three quarters of this year. Among them, the equipment manufacturing industry grew by 5.3% year-on-year, especially the advanced manufacturing industries such as computer communication equipment and instrumentation, which developed well, with year-on-year growth of 13.5% and 10.5% respectively. In September, the sales revenue of the equipment manufacturing industry increased by 4.2% year-on-year, which is 1.5 percentage points faster than the growth rate in August. The supporting role of China's industrial manufacturing industry in promoting the accelerated recovery and improvement of the economy is increasing. Industrial economy is the cornerstone of the national economy. At present, China's industrial manufacturing industry accounts for over 30% of the gross domestic product and remains the main driving force for the development of the real economy. In 2023, the added value of China's strategic emerging industries will account for over 13% of the country's gross domestic product, and the total number of enterprises will reach over 2 million. The production of solar cells, new energy vehicles, and generator sets (power generation equipment) will increase by 54.0%, 30.3%, and 28.5% respectively in 2023, showing an accelerating growth trend. The growth of new energy vehicles is the most eye-catching, with a production of 9.587 million units in 2023. In addition, the pace of intelligent upgrading in China's industrial manufacturing industry is also accelerating. Currently, out of 153 lighthouse factories worldwide, China accounts for 62, accounting for over 40%; We have cultivated 421 national level intelligent manufacturing demonstration factories, over 10000 provincial-level digital workshops, and intelligent factories; The installed capacity of industrial robots accounts for over 50% of the global total; The popularization rate of digital R&D design tools has reached 79.6%, and the CNC rate of key processes has reached 62.2%, becoming the backbone force to accelerate the formation of new quality productivity. It should also be noted that there are still risks and challenges in the development of China's industrial manufacturing industry, such as insufficient technological innovation capabilities, inadequate structural optimization, weak basic capabilities, shortage of composite talents, and insufficient industrial circulation. To address these issues, practical measures must be taken to continuously consolidate and strengthen the fundamental position and important role of the manufacturing industry in the real economy. Maintain a relatively stable scale of industrial manufacturing industry. In accordance with the requirements of achieving basic new industrialization, informatization, urbanization, and agricultural modernization by 2035, we will maintain a stable proportion of manufacturing in the national economy and consolidate and strengthen the foundation of the real economy. Promote new industrialization, accelerate the construction of a manufacturing powerhouse, and fully leverage the driving, supporting, and guaranteeing role of industry in economic and social development. Strive to maintain a slightly higher or comparable industrial growth rate to the GDP growth rate, and a slightly higher or comparable industrial investment growth rate to the overall social investment growth rate. Improve the ability of technological innovation and application transformation of achievements. We will speed up tackling key core technologies and common technologies in the industry, comprehensively complete the first round of major scientific and technological projects, and proactively deploy a number of major scientific and technological projects, State Key Laboratory, and important manufacturing innovation centers. Support industrial enterprises above designated size to establish their own R&D teams and continuously improve their R&D intensity, increase the proportion of R&D expenses to sales revenue to a reasonable level, build a technology innovation system that deeply integrates industry, academia, research and application, and promote the transformation, application and industrialization of scientific and technological achievements. Promote the deep integration of digital economy and real economy, and accelerate the development of digital industrialization with the goal of industrial digitization. Enhance the manufacturing capability and level of materials, equipment, and high-end chips in the semiconductor industry. Focus on intelligent manufacturing and 5G+industrial Internet, strengthen demonstration and promotion, extend to the core link of production and manufacturing, and promote the digital transformation and upgrading of enterprises and industrial chains. Advance the layout of digital economy infrastructure construction, extend to industries and enterprises, create internationally competitive digital industry clusters, and increase the proportion of core digital economy industries in the national economy. Intensify policy support. Increase investment in fiscal science and technology innovation, ensuring that the growth of fiscal science and technology funds exceeds the growth of regular income, and effectively leveraging the guiding and promoting role of government investment in national innovation. Establish a diversified technology investment system, encourage technology-based small and medium-sized enterprises to increase their R&D investment, and increase the deduction ratio of R&D expenses. Implement a government procurement system that supports independent innovation, increase the proportion of innovative projects in government procurement, and support enterprises in creating brands and technological innovations. Establish a sound and comprehensive tax policy system to promote innovation, scientifically utilize tax policies such as accelerated depreciation of fixed assets, additional deduction of research and development expenses, equipment investment tax credit, value-added tax retention and refund, etc., to promote the innovative development of the industrial manufacturing industry. Intensify the expenditure on human capital, implement a relaxed tax deduction system, improve tax policies that encourage talent, increase preferential support for various types of talents from personal income tax, and accelerate the growth of the composite talent team in the industrial field. (New Society)

Edit:Yao jue Responsible editor:Xie Tunan

Source:Economic Daily

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