Accelerating the construction of a modern industrial system is a major measure to adapt to the new round of scientific and technological revolution and industrial transformation, and grasp the initiative of future development. At present, the international political and economic situation is complicated and the world economic recovery is weak. More efforts are needed to promote sustained economic recovery. We must adhere to the general principle of seeking progress while maintaining stability, focus on the primary task of high-quality development, and translate the policy orientation of building a modern industrial system into one specific policy after another, so as to provide a driving force for promoting stable economic performance and helping achieve high-quality development.

The real economy has improved its structure and increased its driving force

In the recent period of time, under the continuous promotion of various efforts to expand effective demand, strengthen and improve the real economy policies, the industrial foundation has continued to be consolidated, and the development of the real economy has shown the characteristics of structural optimization and enhanced momentum, which has strongly supported the economic recovery in the first half of the year.

Industrial growth accelerated further. In the first half of this year, the added value of industrial enterprises above designated size increased by 3.8% year-on-year. From a quarterly perspective, the added value in the first and second quarters increased by 3.0% and 4.6% respectively, showing a significant improvement. By industry, the manufacturing industry has recovered significantly. The stabilization and recovery of industrial growth has an important role in boosting the confidence of business entities, and it is also a concrete manifestation of the gradual improvement of the relationship between supply and demand in macroeconomic operation, and has released positive signals to the market.

New growth drivers are growing faster. The "three new" economies, represented by new industries, new forms of business and new models, continued to grow at a faster pace. Artificial intelligence, big data and other technologies are widely used, new industries and new products are growing well, and scientific and technological innovation continues to enable high-quality development. The growth of new drivers has a process. Judging from the current development trend, with the industrial transformation and upgrading, the continuous empowerment of technology to the real economy and the improvement of relevant supporting policies, the driving role of new drivers on the economy will be more obvious.

Remarkable progress has been made in green development. Greening is one of the basic characteristics of modern industrial system. The formation of green production and lifestyle has accelerated, driving the production of related industrial products to maintain rapid growth. In the first half of this year, under the guidance of the green transformation of the energy industry, the output of photovoltaic cells, wind turbines, water turbine generators and other products increased by 54.5%, 48.1% and 32.3%, respectively, and the supply of industry-related green materials increased.

Investment forms strong support. In the first half of the year, manufacturing investment grew by 6.0% year-on-year, driving the growth of all fixed asset investment by 1.4 percentage points. Investment plays an important role in stabilizing growth and is also an important carrier for accelerating the development of a modern industrial system.

Policy synergy is an important guarantee for steady growth

The policy environment for accelerating the construction of a modern industrial system has been continuously optimized, and the synergy formed by various policies has strongly boosted confidence.

First, promote the introduction of a package of policies for the consumption of automobiles and electronic products, and continue to inject impetus into expanding domestic demand. The National Development and Reform Commission, together with relevant departments, has formulated several measures to promote Automobile Consumption and Several measures to promote the consumption of electronic Products, aiming at the pain points and difficulties in expanding relevant consumption, which is conducive to meeting the needs of residents to improve quality and upgrade consumption, and helping further release the potential of market consumption. The policy takes into account all kinds of different scenarios and needs, and is highly targeted and precise. With the gradual effect of the policy, the consumption potential of automobiles and electronic products will also be further released.

Second, we strengthened policies to promote private investment. The Notice on Further Grasping the Work of Promoting Private Investment and Working Hard to Mobilize the enthusiasm of Private Investment was released to help solve the blocked points and difficult problems encountered by private investment in a targeted manner, and effectively enhance the sense of policy gain of private investment. In particular, it proposed the establishment of a national database of key private investment projects, invited local governments to put forward key projects in urgent need of support, and focused on strengthening the guarantee of factors for private investment, providing a policy basis for further strengthening the guarantee of factors for private investment.

Third, the various measures to promote the development of the private economy have been further refined and institutionalized. The private economy plays an important role in stabilizing growth, adjusting structure and promoting transformation. The recently issued "Opinions of the CPC Central Committee and The State Council on Promoting the Development and Growth of the Private Economy" has made a series of policy arrangements for promoting the development and growth of the private economy, which has strongly boosted the confidence of the development of the private economy. Various measures to support the development of the private economy have been further refined and implemented, forming a policy synergy of multiple measures to promote high-quality development of the private economy.

In general, the policy is based on the current and long-term perspective, while promoting faster economic recovery, but also continue to build a modern industrial system supported by the real economy to accumulate strength. The fundamentals of high-quality development of the Chinese economy have not changed, and various positive factors conducive to accelerating the construction of a modern industrial system are accumulating. In particular, the continuous introduction of measures to boost business confidence, the implementation of concrete and detailed policies, and the focus of economic development on the real economy, these measures formed a policy synergy, gradually expanding market demand, further strengthening the unimpeded degree of economic circulation, and gradually improving the relationship between supply and demand. In the first half of the year, China's GDP was 59,303.4 billion yuan, calculated at constant prices, an increase of 5.5% year-on-year, which laid a solid foundation for achieving the expected goal of economic and social development for the whole year.

We will take multiple measures to accelerate the development of a modern industrial system

Building a modern industrial system is a systematic project. We must adhere to the problem-oriented and goal-oriented approach, strike a balance between short -, medium - and long-term goals, form policy synergy, guide all kinds of high-quality resources to converge in the real economy, and help build a modern industrial system.

First, we will promote the operation of the industrial economy within an appropriate range. The stable operation of industry is of great significance to the stable operation of macro-economy and the acceleration of the construction of modern industrial system. At present, the external environment is complex and severe, and stable industrial growth has an obvious effect on effectively hedging external shocks. It is necessary to expand effective industrial investment, boost industrial commodity consumption, stabilize industrial foreign trade exports, further optimize the implementation of industrial policies, continue to implement the various policy measures that have been introduced to help rescue enterprises, strengthen policy feedback and evaluation, promote the continuous stabilization and recovery of the industrial economy, form positive expectations, and boost business confidence.

Second, we will further stimulate the development of enterprises in the real economy. To form a situation of synergy between large, medium and small enterprises, continue to consolidate the advantages accumulated by traditional industries after years of development, and accelerate the cultivation of advanced manufacturing clusters. We will give full play to the role of digital technologies in promoting the real economy, and form a policy guarantee system conducive to the role of digital technologies. We will continue to strengthen the construction of supporting systems and provide a solid guarantee for the modern industrial system in terms of hardware and software.

Third, we will modernize industrial chains and supply chains. In the practice of upgrading the modernization level of industrial chain and supply chain, we must focus on key points, give full play to the advantages of institutional mechanisms, and accelerate the removal of blocked points. It is also necessary to grasp the stage characteristics of industrial development and the law of technological evolution, focus on strengthening basic capacity building, and carry out the necessary accumulation process steadily. Focus on the "stuck neck" link, implement joint research on key core technologies, concentrate superior resources for long-term stable support, and continue to optimize support methods. At the same time, maintain the rational proportion of the industrial structure within the manufacturing industry.

Source: State-owned Assets Supervision and Administration Commission of the State Council