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The first three quarters increased by one percent of China's industrial economic operation is expected to stabilize

The first three quarters increased by one percent of China's industrial economic operation is expected to stabilize

  • Categories:Industry News
  • Author:
  • Origin:
  • Time of issue:2018-09-29 08:57
  • Views:45

(Summary description)"Despite the difficulties and pressures, but on the whole, the fundamentals of China's industrial and communications industry development is still good. Since the third quarter, China's industry, communications industry operation tends to stabilize the momentum is expected to maintain, and will continue to appear positive changes."

The first three quarters increased by one percent of China's industrial economic operation is expected to stabilize

(Summary description)"Despite the difficulties and pressures, but on the whole, the fundamentals of China's industrial and communications industry development is still good. Since the third quarter, China's industry, communications industry operation tends to stabilize the momentum is expected to maintain, and will continue to appear positive changes."

  • Categories:Industry News
  • Author:
  • Origin:
  • Time of issue:2018-09-29 08:57
  • Views:45
Information
"Despite the difficulties and pressures, but on the whole, the fundamentals of China's industrial and communications industry development is still good. Since the third quarter, China's industry, communications industry operation tends to stabilize the momentum is expected to maintain, and will continue to appear positive changes."
  On October 25, the Ministry of Industry and Information Technology party members, chief engineer, spokesman Zhu Hongren, in the State Council Information Office, "the first three quarters of industrial and communications industry development" press conference, pointed out that the current industrial economic operation in China is moving in the direction of stabilization, production growth in the slow and steady, facing the downward pressure is gradually slowing down.
  Zhang Feng, director of the Department of Communications Development of the Ministry of Industry and Information Technology, answered questions from reporters on the development of the communications industry.
  Favorable factors to consolidate the momentum of economic stabilization 
  Zhu Hongren pointed out that industry is the main body of the real economy, is an important part of the national economy, in the gross domestic product, industrial value added accounted for more than 40% of the industry and the national economy is closely related to the operation of the industrial economy, so the industrial economy is an important aspect of the macroeconomic stability.
  From the growth rate, from January to September this year, industrial value added above the scale grew by 10% year-on-year, including 11.6% in the first quarter, 9.5% in the second quarter, 9.1% in the third quarter, although slowing down quarter by quarter, but slow to stabilize, 7, 8, 9 months growth rate of 9.2%, 8.9% and 9.2% respectively. From the ring, 7, 8, 9 months ring growth rate of 0.67%, 0.71% and 0.79% respectively, the growth trend is stable.
  By industry, building materials, chemicals, non-ferrous metals and other raw materials industry production growth rate showed signs of stabilization, September the month of raw materials industry value-added growth rate of 10.8%, has been two consecutive months of rebound; automotive production and sales reversed the negative growth situation at the beginning of the year and maintain steady growth, the first quarter of automotive production fell 1.8% year-on-year, to the first three quarters of the year-on-year growth of 5%; consumer goods industry to overcome the contraction of foreign demand The impact of the consumer goods industry to overcome the contraction of foreign demand, maintained a steady and rapid growth, the third quarter growth rate of 10%, basically the same as the second quarter.
  By region, the momentum of the decline in industrial production growth in the eastern region has slowed down significantly, with an average growth rate of 8.2% in value added in July and August, the growth rate rose to 8.3% in September, and the growth rate in September in the central and western regions rose by 0.3 and 0.2 percentage points over the previous month.
  From the policy effect, since May, the central focus on the introduction of a series of stabilization of growth policy effects further presented. Such as the launch of energy-saving products for the people since the project, a total of 11.3 million units of energy-saving home appliances sold, due to the impact of September sales of household appliances rose 14.7% year-on-year, accelerating 4.2 percentage points over August.
  Zhu Hongren pointed out that the recent rebound in some of the production areas of the leading indicators, manufacturing purchasing managers index in September than the previous month rose 0.6 percentage points; in mid-October, the average daily power generation increased by 4.42% year-on-year, an increase of 9%; since mid-September, steel prices rose for several weeks, non-ferrous metals and cement prices began to rise, some engineering machinery products production and sales situation has also improved.
  At present, the industrial economy is running at the bottom of the critical juncture of stabilization, favorable factors are gathering, with the further emergence of the effect of corporate growth stabilization policy, the momentum of stabilization will be further consolidated, the growth rate of industrial production in the fourth quarter may be higher than in the third quarter, will lay a good foundation for the achievement of the annual GDP growth rate of more than 7.5% of the expected target.
  Favorable environment to promote enterprises to climb the high-end 
  Zhu Hongren pointed out that under the downward pressure of the economy, some industries and enterprises have experienced increased production and operation difficulties, which is imaginatively likened to "boiling frogs in warm water".
  Statistics show that in July and August this year, China's total foreign exports grew by only 1% and 2.7% year-on-year, although the growth rate rose to 9.9% in September, but the overall view, due to the downward pressure formed by shrinking foreign demand, the future of industrial exports stable growth there is still greater difficulty.
  At the same time, corporate profits continue to decline, some enterprises increased production and operating difficulties. 1 ~ August, industrial enterprises above the size of profit and loss to achieve profit fell 3.1% year-on-year, including a decline of 6.2% in August, corporate costs increased faster than the increase in revenue, the cost and capital pressure is still greater. Some small and micro enterprises more difficult.
  Accelerated rise in costs weakened the profitability of enterprises, is one of the important reasons for the decline in business efficiency. In the tightening market environment, the rigid rise in costs, part of the difficult business difficulties increased. Some small and micro enterprises are more difficult. To solve these problems, mainly lies in two aspects.
  First, the government is committed to creating a good environment conducive to business development and help enterprises to reduce the burden. In this regard, the state has taken a series of measures, this year the State Council issued the "Opinions on Further Support for the Healthy Development of Small and Micro Enterprises" (National Development Document No. 14) proposed to facilitate access to market entities, structural tax cuts, related fee waivers, further optimization of business registration, etc., are necessary to take simplified measures. Now the Ministry of Industry and Information Technology is working with the relevant departments to put these definitive measures in place as soon as possible, in order to make these beneficial policies can really be implemented to enterprises, especially small and micro enterprises, so that enterprises can cope with the pressure of production and operation, to tide over the current difficulties.
  Second, enterprises need to seize the opportunity formed by the current market adjustment, to further strengthen management, focus on improving technological innovation capabilities, cultivate core competitiveness, and improve the ability to adapt to market risks. Most of the enterprises in China to deal with cost changes, risk resistance is not strong, or the fundamental lack of independent innovation, most enterprises in the middle of the "smile curve", that is, the assembly and processing link.
  The next step, the relevant departments to promote enterprises to the high-end of the industrial value chain, to the "smile curve" at both ends of the R & D design and channel brand extension. The Ministry of Industry and Information Technology is currently developing industrial design as an important aspect of promoting industrial transformation and upgrading to grasp, is also focused on enhancing the core competitiveness of industry. This is also the Ministry of Industry and Information Technology to carry out an excellent industrial design awards competition, in fact, this activity is to guide enterprises to pay more attention to design, attention to research and development, pay more attention to shaping, cultivating their own brands, so that enterprises in the transformation and upgrading of the road faster pace. 

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