Today (21st), the State Council Information Office held a series of press conferences on "The Effectiveness of China's High-Quality Economic Development". Relevant person in charge of the Ministry of Industry and Information Technology said that since 2024, my country's industrial economy has maintained overall stability and steady progress, and has played a "ballast stone" role in stabilizing the macroeconomic market.

Data shows that in 2024, the added value of industrial enterprises above designated size increased by 5.8% year-on-year, an increase of 1.2 percentage points from 2023. The overall scale of manufacturing industry has remained the world's first for 15 consecutive years, and the industry and information technology sectors contributed 40% to economic growth, effectively playing the role of "stabilizer" and "ballast stone".

In 2024, my country's industrial economy showed three major characteristics:

First, the foundation of "stability" is constantly consolidated. Among the 41 major industrial industries, 39 maintained growth, and key industries such as electronics, nonferrous metals, chemicals, and automobiles contributed 40% to the growth of industrial production.

Second, the momentum of "advance" continues to increase. This is mainly reflected in the increase in the added value of equipment manufacturing industry above a certain scale by 7.7% year-on-year, and the contribution rate to the growth of all industries above a certain scale reached 46.2%. Innovation capabilities in high-end equipment, artificial intelligence and other fields have been further improved, and emerging industries such as new materials, biomanufacturing, and robots have grown rapidly.

Third, positive factors continue to accumulate. Especially under the influence of the "two new" policies, investment in equipment and tools purchases increased by 15.7% year-on-year, driving the growth of all investment by 2.2 percentage points.

A relevant person in charge of the Ministry of Industry and Information Technology said that in the next step, we will focus on promoting the implementation of existing policies and incremental policies and promoting the sustained and stable improvement of the industrial economy. Launch and implement a new round of work plans for stabilizing growth in the top ten key industries, and fully release the effects of these industries with large scale, wide correlation and strong driving force. Increase support for industrial provinces and industrial cities.

In the next step, the Ministry of Industry and Information Technology will also step up efforts to promote large-scale equipment renewal and consumer goods trade-in, and plan to launch a number of major investment projects with a focus on the 15th Five-Year Plan. (CCTV reporter Luo Hongjin and Sun Jiwei)