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China's high-tech manufacturing industry continues to grow rapidly, leading the economy to accelerate transformation and upgrading

Dec 04, 2022

Since 2022, China's industrial upgrading and development trend has continued, and the high-tech manufacturing industry with high technology content and high added value has maintained a rapid growth, leading China's economy to accelerate transformation and upgrading.

According to the data released by the National Bureau of Statistics, in October, the added value of the national high-tech manufacturing industry increased by 10.6% year on year, 1.3 percentage points higher than that in September, driving the growth of all industries above designated size by 1.6 percentage points, which strongly supported the steady and rapid growth of industry.

Since 2022, China's industrial transformation and upgrading momentum has not diminished. In particular, the industrial sector has continued to promote digital, intelligent and green transformation, which has significantly enhanced its role in driving the economy. The Ministry of Industry and Information Technology continued to promote the popularization of industrial Internet in industrial parks and county economies, and constantly expanded the integrated industrial ecology.

In Hunan Xiangtan Iron and Steel Group, a series of innovative applications, such as 5G+unmanned crown block and 5G+unmanned patrol inspection, have turned the traditional steel making workshop into an "unmanned steel plant". Employees can directly and remotely control each process of steel making, rolling, warehousing, etc. in real time. The production efficiency has been improved by 25% and the cost has been reduced by 20%.

While the industrial upgrading is speeding up, the investment in high-tech industries is also speeding up. Since this year, all regions have actively promoted the construction of major projects such as new energy and new medicine, strengthened the manufacturing industry to supplement and strengthen the chain, and strongly supported the manufacturing industry investment.

In the start-up area of Xiong'an New Area, the construction of smart city industrial park was accelerated. This innovative demonstration park integrating cloud computing, big data, the Internet of Things and other new generation information technologies will serve the construction of the "digital twin city" in Beijing, Tianjin and Hebei, and provide Xiong'an solutions for the transformation and upgrading of the industrial structure and the cultivation of new drivers.

In the first 10 months of 2022, the national high-tech industry investment increased by 20.5% year on year, 0.3 percentage points faster than that in the first three quarters, and 14.7 percentage points higher than that of all investments.

Xu Zhaoyuan, vice minister of the Industrial Economy Research Department of the Development Research Center of the State Council, said: through sustained efforts and investment, China's economic development has a solid industrial foundation, enhanced enterprise confidence, and sufficient development potential. The high-tech industry has become an important force leading economic transformation and upgrading and high-quality development.