Among the indicators of how the industrial economy is doing, one set of data stands out:

In April, the value added of the equipment manufacturing industry increased by 13.2 percent year on year, and its profit increased by 29.8 percent year on year, driving the profit growth of industries above designated size by 6.4 percentage points, making it the industry group that plays the biggest role in driving the growth. Equipment manufacturing industry is a pillar industry of industry, is a high-tech gathering field. Its strong recovery to support the stabilization of the industrial market, more reflects the pace of transformation and upgrading.

It’s not just equipment manufacturing. Since the beginning of this year, the overall sound performance of the advanced manufacturing industry also confirms the gathering of new drivers.

In April, the output of new-energy vehicles and solar cells increased by 85.4% and 69.1%, respectively, and green and low-carbon products grew rapidly. From January to April, investment in high-tech manufacturing grew by 15.3 percent, electronic and communication equipment manufacturing by 19.9 percent, medical equipment and instrumentation manufacturing by 19.4 percent.

Advanced manufacturing industry is an important driving force of industrial economy. Although it does not occupy the main share in the whole industry, it involves many fields and industrial chain links. Its improvement shows the internal driving force, extends the growth space, and brings obvious superposition and demonstration effect.

Last year, the added value of advanced manufacturing industry in Guangdong accounted for 55% of its industrial capacity, and Jiangsu has 10 national advanced manufacturing clusters… The advanced manufacturing industry will play a driving role in stabilizing the basic plate and stimulating the new impetus of the major industrial provinces.

With advanced manufacturing as the traction, the industry to high-end, intelligent, digital transformation.

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On the production line, robots, robotic arms and other automatic equipment run at high speed. Agvs are busy shuttling. Every 53 seconds, a new car comes off the line from here… The experience of intelligent manufacturing in GAC Automotive Aean assembly workshop is impressive.

Through the ultra-flexible technology cluster, the factory can realize the rapid conversion of model production, and with the help of intelligent technology, users can easily customize cars. Gac Aean deputy general manager Zheng Chunqi told reporters, with the deepening of supply and demand interaction, enterprise efficiency, market share. In April, GAC Aean sold more than 40,000 vehicles, ranking the second in the domestic new-energy vehicle sales list.

At present, the scale of the core industrial Internet industry exceeds 1.2 trillion yuan. Revenue from information technology services rose 13.4 per cent in the January-April period from a year earlier. The penetration of digital technology into the physical industry is accelerating. In the first quarter of this year, central enterprises invested more than 230 billion yuan in strategic emerging industries, up more than 30 percent year on year, accounting for about a quarter of the total investment.

Supply chain enterprises are driven by competitive industries, and the competitiveness of the industrial chain is further consolidated and improved.

Neusoft Ruci has reached strategic cooperation with ZF Group, a global auto parts supplier, to jointly realize the comprehensive development of software; Nezha Cars and Horizon sign a cooperation agreement to build a next-generation intelligent driving assistance system… At the previous Shanghai Auto Show, a large number of local technology companies signed strategic cooperation agreements with their own brands and internationally renowned suppliers. Around the advantageous industry of new energy vehicles, a number of powerful supply chain enterprises have been cultivated in China.

According to data from the Ministry of Industry and Information Technology, the revenue profit margin of “little giant” enterprises and specialized and special small and medium enterprises was 9.6 percent and 7.0 percent, respectively, in March, showing strong resilience. The first batch of 100 characteristic industrial clusters of smes has settled more than 28,000 smes, forming a high level of supporting capacity in key links of the industrial chain and supply chain such as high-performance materials, smart chips and precision devices.

“When we look at advanced manufacturing, what we see is the innovation capacity of the industrial chain, the strengthening of weaknesses in key links and the forging of long links, and the new engine of growth. As the industrial economy is still under pressure, we need to care for and foster advanced manufacturing, consolidate the industrial base and expand the space for development.” Qin said advanced manufacturing should be further leveraged to become the main focus of building a modern industrial system and foster new growth drivers.