At no time can China be without manufacturing
At no time can China be without manufacturing."
Despite the impact and impact of the epidemic over the past three years, China's manufacturing industry has withstood numerous pressures and, relying on its strong industry resilience and advantages in the whole industrial chain, become a solid pillar of the national economy.
The manufacturing industry is the foundation of the real economy and the lifeblood of the national economy. Without a strong manufacturing industry, there can be no strong country or nation.
Wang Jinbin, deputy dean of the School of Economics at Renmin University of China, said in an interview with the China Economic Times that at present, China's manufacturing industry has a complete range of categories and varieties, and is in an important period of stepping from a manufacturing power to a manufacturing power. "In the past three years, our policies have been scientific, flexible and effective in special times. For the manufacturing industry, it is also one of the key factors to stabilize the overall economic situation by constantly enhancing the initiative of enterprises and activating the vitality of the manufacturing industry." 'he said.
The accumulation of precautionary policies has laid a solid foundation for the manufacturing sector to return to growth. In particular, since the end of last year, the effect of policies and measures to stabilize growth has been further evident, combined with favorable factors such as the fading impact of the epidemic, the resumption of work and business and the market have accelerated, and the Chinese economy continues to recover.
The manufacturing purchasing managers' index showed "continued expansion" in February. The manufacturing PMI rose to 52.6 percent in February, with all sub-indexes higher than the previous month, and 18 out of 21 industries surveyed were in expansion territory, up 7 from the previous month, according to the National Bureau of Statistics. The manufacturing economy continued to expand.
Wang Jinbin believes that the resilience of the manufacturing sector is closely related to the national level in recent years to actively push manufacturing costs down, which are translating into corporate profits and becoming an important source of investment expansion in the manufacturing sector. "In the future, China's manufacturing industry will continue to deepen the industrial chain advantage and continue to enhance the competitiveness of manufacturing enterprises." This, he believes, is the key to achieving high-quality development in the future.
On the new journey, the high quality development of manufacturing industry has been regarded as the top priority. Riveting vigorously development of high-end manufacturing industry has become an inevitable measure to strengthen our country's economy and society to continuously improve in an all-round way.
Data from the National Bureau of Statistics showed that in February, among the PMI of key industries, the high-tech manufacturing PMI showed 53.6%, in the expansion range, and the business level rebounded for two consecutive months. With the release of production and demand at a faster pace, the purchasing activities of high-tech manufacturing enterprises have increased significantly.
The boom degree of high-tech manufacturing industry can be regarded as the observation window of high-end manufacturing and advanced manufacturing industry, and to a certain extent, it forms clear direction for the future development of our manufacturing industry.
Wang Hao, a professor at the China Economic Research Center at the National School of Development of Peking University, told China Economic Times that advanced manufacturing is the development direction of the manufacturing industry, and it is also an important field that has been actively carried out and laid out across the country to create an industrial development engine. For example, by creating industrial clusters and creating scale effects, we can not only drive the growth of investment in high-tech manufacturing, but also unleash new development momentum through related industrial fields involved in high-tech industries, create greater economic value, and help stabilize growth and form engine effects.
Wang Hao believes that the advanced manufacturing enterprises, represented by high technology, will play an increasingly leading and driving role in the process of industrial structure transformation and upgrading, and will further drive the comprehensive economic recovery and achieve stable growth.
