The manufacturing purchasing managers' index (PMI) is a "barometer" reflecting the development of the manufacturing industry. Li Chao, deputy director of the Political Research Office of the National Development and Reform Commission and press spokesman, said at the press conference on the 21st that the manufacturing PMI in March and April were both in the expansion range of more than 50%, which reflected that with the continuous emergence of macro policy effects, industrial production grew steadily, enterprise benefits improved, and the prosperity level and enterprise expectations continued to improve.

According to Li Chao, at present, the favorable conditions for promoting the sustainable recovery and development of the manufacturing industry are accumulating. In the first quarter, the profits of industrial enterprises above designated size increased by 4.3% year-on-year for three consecutive quarters, providing strong support for enterprises to expand reproduction; From January to April, the manufacturing investment increased by 9.7%, 5.5 percentage points higher than the total fixed asset investment; In April, the expected index of manufacturing PMI production and operation activities was 55.2%, which continued to be in a high boom range. Next, the National Development and Reform Commission should accelerate the promotion of large-scale equipment upgrading, implement the action plan to improve the core competitiveness of the manufacturing industry, guide enterprises to apply advanced and applicable technologies to upgrade, and constantly improve the high-end, intelligent and green level of the manufacturing industry.

At the same time, the development of manufacturing industry can also be confirmed from the electricity consumption data. According to the data released by the China Electricity Council, from January to April, the power consumption of the manufacturing industry increased by 7.1% year on year, of which the power consumption of the manufacturing industry increased by 6.3% year on year in April, 2.3 percentage points higher than that of last month. In terms of major categories, the electricity consumption of high-tech and equipment manufacturing industry increased by 15.3% year-on-year in April, 4.3 percentage points higher than that of last month; The electricity consumption of consumer goods manufacturing industry in April increased by 7.8% year on year, 2.3 percentage points higher than that of last month.

Electricity consumption is the "barometer" of national economic development. Industry experts said that in April, thanks to the continuous synergy of macro policies and the acceleration of exports, the growth of industrial production accelerated. Driven by this, the electricity consumption of the secondary industry, including manufacturing, grew rapidly in April.

Finance is the lifeblood of the national economy, and the development of manufacturing industry cannot be separated from financial support. According to the data released by the People's Bank of China, from January to April, China's RMB loans increased by 10.19 trillion yuan, a high level in the same period of history. By the end of April, the stock of social financing scale was 389.93 trillion yuan, up 8.3% year on year, of which the balance of RMB loans granted to the real economy was 244.92 trillion yuan, up 9.1% year on year. By the end of April, the growth rate of the balance of medium - and long-term loans in China's manufacturing industry had remained at a high level of about 30%, and the growth rate of the balance of loans of "specialized, refined, special and new" enterprises was nearly 20%.

Since this year, the financial sector has continued to increase its support for the development of high-tech manufacturing industry. The issuance of the Notice on Deepening Financial Services in Manufacturing Industry to Promote New Industrialization and other documents has guided financial institutions to increase the credit supply of manufacturing industry, especially high-tech manufacturing industry, and continuously injected new momentum into economic development.

Lou Feipeng, a researcher of Postal Savings Bank, said that in the next step, financial institutions should provide financial services around the safety and stability of the supply chain of the manufacturing industry, intelligent and green development of the industry, and optimization and upgrading of the industrial structure of the manufacturing industry. At the same time, strengthen market research and product innovation, constantly increase resource investment, enrich financial product supply, improve service system, and do a good job in risk prevention and control.