China's manufacturing industry will continue to maintain the trend of recovery and development

China's manufacturing industry will continue to maintain the trend of recovery and development
02:43, May 22, 2024 Media scrolling

Beijing, Science and Technology Daily, May 21 (Reporter Liu Yuanyuan) "On the whole, China's manufacturing industry will continue to maintain the trend of recovery and development and structural optimization." At the press conference held by the National Development and Reform Commission on the 21st, Li Chao, deputy director of the Policy Research Office of the National Development and Reform Commission and news speaker, said.

The manufacturing purchasing managers' index (PMI) is an important "barometer" reflecting the development of the manufacturing industry. Li Chao introduced that the PMI of China's manufacturing industry in March and April were both in the expansion range of more than 50%, which reflects that with the continuous emergence of macro policy effects, industrial production has steadily increased, corporate benefits have improved, and the prosperity level and corporate expectations have continued to improve.

According to Li Chao's analysis, the added value of manufacturing industry in April increased by 5.7% year on year, 0.6 percentage points higher than that of last month; The PMI production index of manufacturing industry was 52.9%, the highest since April 2023, reflecting the accelerated production expansion of manufacturing enterprises.

In addition, in April, the total retail sales of consumer goods kept growing, and the export of goods resumed growth; The manufacturing PMI new order index and new export order index were 51.1% and 50.6% respectively, reflecting the continued recovery of manufacturing market demand.

Li Chao also mentioned that the PMI of high-tech manufacturing industry in April was 53.0%, showing a rapid development momentum; From January to April, the investment in high-tech manufacturing increased by 9.7% year on year, and the optimization of investment structure laid a solid foundation for the optimization of industrial structure.

"The favorable conditions for promoting the sustainable recovery and development of the manufacturing industry are accumulating." Li Chao said, for example, that in the first quarter, the profits of industrial enterprises above designated size increased by 4.3% year on year, three consecutive quarters of growth, which provided strong support for enterprises to expand reproduction; In April, the expected index of manufacturing PMI production and operation activities was 55.2%, which continued to be in a high boom range, indicating that manufacturing enterprises' confidence in future market development was generally stable.

Li Chao said that in the next step, the National Development and Reform Commission will accelerate the cultivation of new quality productivity and effectively improve the quality and efficiency of manufacturing development. In terms of expanding effective investment, we will implement ultra long term special treasury bonds to support the implementation of major national strategies and security capacity building in key areas; In terms of promoting domestic consumption, we will accelerate the exchange of old consumer goods for new ones, expand the consumption of cars, household appliances, mobile phones and other goods and the consumption of cultural and tourism services, and intensify efforts to foster new growth points such as new consumption scenarios and new business forms; At the same time, we will accelerate the transformation and upgrading of the manufacturing industry, accelerate the upgrading of large-scale equipment, deeply implement the action plan to improve the core competitiveness of the manufacturing industry, and constantly improve the high-end, intelligent, and green level of the manufacturing industry.

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