Steady growth of manufacturing industry starts and larger scale manufacturing

As the basic plate of economic development and the main beam of revitalizing entities, the curtain of steady growth of manufacturing industry in 2020 has been opened. From the central economic working conference to this year's first executive meeting of the State Council, to the annual working conference of relevant ministries and commissions, it has been emphasized frequently to support the development of manufacturing industry. Many places also put the development of manufacturing industry in the core position of economic development in 2020, and have made development roadmap, or committed to improving the proportion of manufacturing industry in GDP, or aiming to build a world-class industrial cluster with manufacturing industry as the main body. The competition for manufacturing industry development has already started. Larger manufacturing investment is also expected to accelerate. The reporter of the economic reference learned that in terms of attracting manufacturing investment, China will next introduce a package of new policies on land use and energy use, and promote a number of major domestic and foreign-funded projects in the manufacturing industry to be put into operation. In addition, focusing on vigorously developing advanced manufacturing industry, promoting intelligent manufacturing, green manufacturing, etc., a new policy on investment in new infrastructure is in the pipeline and is expected to be introduced in the near future. When the central economic work conference deployed the economic work in 2020, "manufacturing industry" and "advanced manufacturing" were mentioned five times, including "increasing the medium and long-term financing of manufacturing industry", "promoting the optimization and upgrading of traditional manufacturing industry" and "building a number of advanced manufacturing industry clusters with international competitiveness".

At the executive meeting of the State Council held on January 3 this year, measures to promote stable growth of the manufacturing industry and a basic plan to stabilize economic development were proposed. In 2020, the national industrial and information work conference clearly focused on intelligent manufacturing, green manufacturing and other key areas, accelerated the high-quality development of manufacturing industry, and guided foreign investment in advanced manufacturing industries such as electronic information. At the local level, actions are also being accelerated to plan new measures to stabilize the growth of the manufacturing industry, and the recent intensive local two sessions have released clear signals. At the third session of the 13th National People's Congress of Hunan Province held on January 13, it was listed as the top priority of the provincial key work list in 2020 to speed up the construction of a strong manufacturing province, put forward the institutional mechanism and policy measures to innovate and revitalize the real economy, strive to increase the proportion of manufacturing industry in GDP, and realize the growth of added value of scale industry by 7.5%. Among them, we should vigorously cultivate world-class industrial clusters such as construction machinery, rail transit equipment, small and medium-sized aeroengines, expand the industrial cluster of consumer goods, and build a high-quality manufacturing development base. In the work report of Jilin provincial government, the primary task of economic work in 2020 is to strengthen the support capacity of industrial economy. The goal of increasing industrial added value above Designated Size by more than 5% is put forward, among which the output value of provincial automobile industry is expected to increase by 20 billion yuan. "Governments at all levels have put stable growth of manufacturing industry at the core of economic development in 2020." Lin Zhiyuan, deputy director of the macroeconomic research center of Xiamen University, told the economic reference that stable growth of manufacturing industry is conducive to stimulating economic vitality, promoting economic growth and stabilizing employment. At the same time, manufacturing industry is also the basic carrier of high-tech development. Stable growth of manufacturing industry plays an important role in achieving high-quality economic development.

"At present, the core of stable growth of manufacturing industry is not total expansion, but structural optimization. To stabilize the growth of manufacturing industry, we need to focus on industrial transformation and upgrading, optimize the structure of manufacturing industry, enhance the long-term and sustainable growth toughness and potential of manufacturing industry, and complete the transformation of manufacturing industry from large to strong. " Liu Zhe, vice president of Wanbo New Economic Research Institute, told the economic reference. Investment in large-scale manufacturing is gaining momentum. The Anhui Provincial Economic and information system work conference held on January 7 proposed to accelerate the optimization and upgrading of traditional manufacturing industry, increase the investment in equipment renewal and technological transformation, and make technological transformation a solid support for "stable investment" and "excellent structure" of the whole province. Recently, 175 major industrial projects have been launched in Nanjing, Jiangsu Province, with a total investment of 141.3 billion yuan. Among them, strategic emerging industries and advanced manufacturing industries such as integrated circuits, new energy vehicles and high-end equipment account for half of the total number of projects and annual planned investment. It is reported that in the next step, China will continue to expand the opening up of the manufacturing industry, improve the planning, land use, sea use, energy consumption and other policies, and promote the implementation of major domestic and foreign-funded projects in the manufacturing industry as soon as possible. "China is accelerating industrial transformation and upgrading, and manufacturing investment will be greatly accelerated. Increasing investment in high-end manufacturing can also avoid overcapacity caused by traditional stimulus and further improve investment efficiency and level. " Zhang Jun, chief economist of Morgan Stanley Huaxin securities, told the economic reference. In terms of promoting the implementation of major domestic and foreign investment projects in the manufacturing industry, Lin Zhiyuan pointed out that to form a predictable policy environment for investors, efforts should be made to improve the business environment, expand opening-up, reduce taxes and fees, and legalize.

Zhang Jun believes that in the future, it is necessary to further improve the catalogue of Foreign-funded Industries and relevant laws, further promote the implementation of major foreign-funded manufacturing projects, and create a market environment for fair competition between domestic and foreign-funded enterprises. In addition, accelerate the construction of land for planning free trade zone or other advanced manufacturing industries and strategic emerging industries, plan industrial land in advance from the perspective of regional functional positioning, and give full play to the effect of manufacturing industry cluster. It is worth mentioning that around the vigorous development of advanced manufacturing industry, relevant departments are preparing new infrastructure investment support policies such as information network, which is expected to be introduced in the near future. "At present, the new infrastructure is more concentrated in the fields of artificial intelligence, industrial Internet, Internet of things and other fields to meet the innovation and upgrading of the manufacturing industry, with higher technology content and stronger innovation characteristics. This requires supporting investment support policies in the future. While implementing fiscal and financial policies, we should increase R & D and innovation of key basic materials, core components, etc., accelerate the construction of science and technology infrastructure; further optimize the business environment supporting innovation, especially promote the reform of the legal environment and market environment in the investment field, and stimulate the enthusiasm of social capital investment. " Liu Zhe said. "The new infrastructure investment support policy should cover many aspects." In particular, Zhang said, we need to improve the new infrastructure investment and financing environment, including market access. On the one hand, we will increase financial support to provide targeted policy support at the level of special bonds and bank supporting financing; on the other hand, we will increase direct financing, promote the listing of new infrastructure related enterprises, give full play to the role of capital market in supporting new infrastructure projects, and promote the upgrading of China's industrial structure.