The relevant person in charge of the Ministry of Industry and Information Technology believes that the stable recovery of industrial economy has not changed, but we should also see that the current development is still facing some difficulties and challenges. To stabilize the industry, we should pay more attention to expanding effective demand, focusing on key industries, and enhancing the internal power of market players.

To restore and expand demand first. A meeting of the Political Bureau of the CPC Central Committee on April 28 made it clear that a concerted effort should be made to expand demand.

We will accelerate the construction of charging piles, energy storage and other facilities and the upgrading of supporting power grids. We will continue to promote new energy vehicles, green smart home appliances, and green building materials to rural areas. We will work hard to foster demonstration cities for information consumption, and support trials for access to smart Internet-connected vehicles. In recent months, focusing on the demand side, various departments launched a series of measures.

Meng Wei, spokesman for the National Development and Reform Commission, said the next step will be to stabilize and expand investment in the manufacturing sector, continue to increase medium – and long-term loans in the manufacturing sector, and expand investment in industrial and technological transformation.

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We will increase the supply and implementation of policies to stabilize growth, and further focus on key industries and regions.

Reporters from the Ministry of Industry and Information Technology learned that for machinery, petrochemical, automotive, electronics and other pillar industries, the Ministry of Industry and Information Technology is taking measures to stabilize growth by industry, and continue to strengthen policy supply, to ensure that key enterprises and industries play a supporting role. The policy will also strengthen inter-regional and upstream and downstream linkages, support industrial provinces to “boldly take the lead”, each region to leverage their own advantages and achieve growth targets.

We strengthened the resilience of the industrial chain and activated internal driving forces, and made solid progress in deployment with a medium – to long-term focus.

“We will give more prominence to the development of advanced manufacturing clusters, pay more attention to the improvement of industrial basic capacity and the overall strength of the industrial chain, and speed up the construction of a modern industrial system.” The responsible person of the Ministry of Industry and Information Technology said that in terms of improving the independent and controllable ability of key industrial chains, “one chain and one policy” should be promoted to strengthen the chain and strengthen the chain and stabilize the chain. In the in-depth promotion of industrial base reconstruction, the layout of a number of industrial base generic technology centers. We will focus on key areas and key links to extend, broaden and deepen the industrial chain.

At the same time, we will roll back existing policies and introduce new measures to ease the burden on businesses and encourage their development to further stabilize expectations and strengthen confidence.

An official from the Chinese Academy of Social Sciences’ China Industry and Enterprise Competitiveness Research Center said that the formation of policy support and industrial innovation benign interaction, the steady recovery of industrial confidence and support, high-quality development will welcome a broader space.