Industrial Economy Returns To Normal Track

In recent years, Feixiang District, Handan City, Hebei Province has insisted on cultivating and developing advanced equipment manufacturing industry, creating a characteristic equipment manufacturing industrial base with environmental protection vehicles and precision castings as the core, and boosting the optimization and upgrading of economic structure. At present, there are 24 equipment manufacturing enterprises in Feixiang district. The picture shows workers working in the workshop of an equipment manufacturing enterprise in Feixiang district recently. Photo by Wang Xiao, a reporter from Xinhua News Agency

In the first half of this year, the outbreak of new crown pneumonia had an unprecedented impact on the industrial economy from both sides of supply and demand. How does industry operate in this economic context? What will happen next? At a press conference held by the office of the State Council of the people's Republic of China on July 23, the relevant person in charge of the Ministry of industry and information technology pointed out that since the second quarter, the industrial economy has recovered steadily, and the preliminary judgment of economic operation has returned to normal track. On the whole, the basic situation of China's industrial economy is good. The impact of the epidemic on China's industrial economy is generally controllable. The basic trend of long-term improvement will not be changed due to the impact of the epidemic situation and the impact of the international economic downturn.

All indicators are out of the trough

"In the first half of the year, the indicators of China's industrial economy dropped first and then increased, and the operation of the second quarter improved month by month." Xin Guobin, Vice Minister of industry and information technology, said there were four positive changes.

All indicators of industrial economic operation have gone out of the trough. In the first two months, the added value of industries above designated size decreased by 13.5% year on year. From January to January, the decline was narrowed. 4. In May and June, they increased by 3.9%, 4.4% and 4.8% respectively. At the same time, the market sales recovered, and the production and sales rate in recent months remained at about 98%. The purchasing manager index of the manufacturing industry in June was 50.9%, which was above the boom and bust line for four consecutive months.

Major industries and key provinces improved simultaneously. Among them, the industrial equipment industry increased by 5.9% and 5.9% respectively in the second quarter. In terms of regions, 18 provinces achieved positive growth in added value in the first half of the year. Most of the 10 major industrial provinces have resumed positive growth.

Emerging industries are growing against the trend. In the first half of the year, the added value of high-tech manufacturing industry increased by 4.5%, which rebounded rapidly after a sharp drop of 14.4% in the first two months. Since March, the growth rate of each month has remained between 8.9% and 10.5%. The added value of biomedicine, electronic and communication equipment, medical equipment and other industries increased by 13.8%, 7.2% and 27.2% respectively on a year-on-year basis. In June, the output of 3D printing equipment, smart watch, charging pile and other products increased by more than 40%.

The policy of stabilizing enterprises and benefiting enterprises makes efforts to increase efficiency. Since the beginning of this year, the total tax reduction has exceeded 1 trillion yuan. In terms of financial policy, we implemented three times of inclusive and targeted RRR reduction, and comprehensively used rediscount and refinancing measures to innovate monetary policy tools directly to the real economy. In the first five months, the balance of medium and long-term loans in the manufacturing industry increased by 19.6% year-on-year.

The operation of small and medium-sized enterprises is getting better

Small and medium-sized enterprises are the main force to protect productivity and the main channel to stabilize employment. According to the data of the Ministry of industry and information technology, the operation of small and medium-sized enterprises has obviously recovered. In the first half of the year, the production decline rate of small and medium-sized enterprises above the scale was 10.3 percentage points lower than that in the first quarter, and the profit decline rate in the first five months was 21.7 percentage points lower than that in the first quarter. Since entering the second quarter, the growth rate of the main economic indicators of small and medium-sized enterprises has turned from negative to positive. The operating income in April and may increased by 8.6% and 3%, and the total profit increased by 14.9% and 14.1% respectively.

"With the implementation of various preferential policies for enterprises, SMEs have overcome the impact of the epidemic and accelerated their recovery and development." Xin said that under the epidemic situation, small and medium-sized enterprises are facing a serious problem. "To this end, we have further stepped up efforts to clear up and standardize enterprise related fees and charges. In the first half of the year, we have paid off 82.7 billion yuan of undisputed accounts between government departments and large state-owned enterprises, and all localities have cleared all non divergent debts of less than 5 million yuan."

In the aspect of strengthening the connection between government, bank and enterprise, we will implement the policy of delaying repayment of principal and interest on small and micro enterprises in a phased manner, and support financial institutions to increase credit to small and micro enterprises. Up to now, more than 1.8 trillion yuan of loan principal and interest has been extended. The balance of loans for inclusive small and micro enterprises exceeded 13 trillion yuan, a year-on-year increase of 27.6%; the average interest rate was 6.03%, which was 0.67 percentage points lower than the average interest rate of last year.

Huang Libin, director of the operation monitoring and Coordination Bureau of the Ministry of industry and information technology, pointed out that in the next step, all regions and departments will pay close attention to the implementation of existing policies and promote the stable and healthy development of small and medium-sized enterprises. We should carry out the third-party assessment to promote the development environment of small and medium-sized enterprises in the whole country; support the training efforts of local and tertiary high-tech and new small and medium-sized enterprises, cultivate the second batch of "small giant" enterprises with special skills, further promote the alleviation of financing difficulties of small and medium-sized enterprises, and improve the public service system of small and medium-sized enterprises.

Stimulate potential consumption vitality

What is the industrial economic situation in the second half of the year?

Xin Guobin pointed out that it is an indisputable fact that the current international epidemic situation is still spreading, the world economy is in deep recession, and the international trade environment is deteriorating; the task of domestic normalized epidemic prevention and control is still arduous, and there is still a process of demand recovery; business operation difficulties are still relatively serious, and various natural disasters such as floods have some adverse effects on economic recovery.

"In the next step, we will continue to step up efforts to maintain the stability of the manufacturing industry chain and supply chain on the basis of doing a good job in the normalization of epidemic prevention and control." Xin Guobin said that it will break through the difficulties of breaking points and blocking points, strengthen cooperation at home and abroad, focus on key industrial chains, promote leading enterprises to drive the upstream and downstream small and medium-sized enterprises to jointly resume production and expand production, promote the financing and development of large and medium-sized enterprises, organize and hold seminars on the smooth supply chain of global industrial chains in key industries such as electronic information and consumer goods, so as to smooth the flow of logistics, people, capital and information, Ensure the normal operation of industrial chain and supply chain.

"In addition, we should implement the strategy of expanding consumption potential." Xin Guobin said that by promoting smooth consumption and smooth supply and demand, accelerating the implementation of policies and measures for automobile consumption, encouraging Internet platforms to drive export-oriented enterprises to switch to domestic sales; accelerating the construction of new infrastructure such as 5g, encouraging all localities to open 4K ultra-high-definition channels, increasing program sources, actively expanding new online and offline applications, stimulating potential consumption vitality, and driving the industrial chain and supply Chain plus express.

In the second half of the year, there are favorable factors. With the further implementation of national fiscal deficit and local government special debt scale, increasing tax reduction and fee reduction, and strengthening financial support for stabilizing enterprises, the supporting role of infrastructure investment will be further strengthened, the employment protection and consumption promotion policy will continue to be effective, and the new industry, new business mode and new mode promoted by the epidemic situation will inject new momentum into economic growth. "We should have the confidence and ability to continue to maintain the steady and sound operation of the industrial economy."