In the first three quarters of this year, China's industry's contribution to economic growth remained at around 35%

China News Service, Beijing, October 20 (Reporter Liu Liang) Wang Weiming, chief engineer of the Ministry of Industry and Information Technology of China, introduced at a press conference of the State Council Information Office on the 20th that in the first three quarters of this year, the added value of industries above designated size increased by 5.3% year-on-year, and the contribution rate of industry to economic growth remained at around 35%.

Wang Weiming introduced that in the first three quarters, the added value of high-tech manufacturing industries above designated size increased by 14.3% year-on-year. The added value of equipment manufacturing industry accounted for 0.8 percentage points higher than the end of the previous year. The export value of mechanical and electrical products and high-tech products in RMB accounted for the total export value, which increased by 3.8 and 4.9 percentage points respectively compared with the same period last year.

At the same time, new products such as humanoid robots are accelerating to the market, and results in the field of innovative drugs are emerging. Among the innovative drugs approved in China in the first three quarters of this year, domestic products accounted for 80%. Major breakthroughs have been made in drug research in multiple fields such as oncology, mental illness, anti-infection, gout, and rare diseases. The cultivation of new tracks such as 6G, brain-computer interface, and biological manufacturing is accelerated.

Advanced manufacturing goes deep and solid. Wang Weiming introduced that the construction of smart factories has accelerated, and a total of more than 13,000 advanced smart factories and more than 500 outstanding smart factories have been built. Domestic computing power and large model adaptation capabilities have been continuously enhanced, forming more than 1,000 application scenarios in 20 industries such as steel, automobiles, and medicine. Green manufacturing has accelerated its development, and a total of 8,336 national green factories have been cultivated. The energy consumption of the added value of industrial units above designated size has continued to decline.

In response to the urgent, difficult and anxious issues of enterprises, Wang Weiming said that the government will rectify irrational competition in key industries and maintain a fair and healthy market competition order. Through the joint efforts of all parties, the proportion of electronic voucher payments for accounts payable in the automotive industry has dropped significantly, and the prices of domestic mainstream photovoltaic modules have stabilized. In response to the difficulty in collecting payments for small and medium-sized enterprises, since this year, the government has accelerated its efforts to clean up arrears of corporate accounts, promote standardization of account periods, smooth capital circulation, and effectively reduce the burden on enterprises.