Shou Xiaoli:

Thank you, Mr. Jin. Now the floor is open for questions. Please identify the media organization you work for before raising your questions.

China Daily:

The report to the 20th CPC National Congress proposed modernizing the industrial system, and the central economic work conference made further arrangements. Could you please elaborate on MIIT's plans and priorities for modernizing the industrial system? Thank you.

Jin Zhuanglong:

Thank you for your questions. The 20th CPC National Congress made comprehensive arrangements to modernize the industrial system, and General Secretary Xi Jinping also made important remarks on the issue at the Central Economic Work Conference held last December.

As we know, the manufacturing industry is the foundation of the real economy. It is also the lifeblood of the national economy and a crucial sector in constructing a modern industrial system. China has developed a large-scale and complete manufacturing system with strong competitiveness. We will stay committed to developing the real economy, especially the manufacturing industry, consolidate the advantage of our complete industrial system, and ensure that its share of the industrial sector remains generally stable. We will expedite efforts to modernize the industrial system by leveraging advantages, shoring weak links, and strengthening the development foundation. This endeavor will mainly focus on the following four aspects.

First, we will transform and upgrade traditional industries. As traditional industries are the foundation of a modernized industrial system and account for over 80% of China's industrial sector, we will ramp up efforts to support enterprises in accelerating technological transformation and upgrading equipment. We will also promote the adoption of advanced and applicable technologies, modernize techniques, and elevate product quality to meet higher-end standards. We will carry out a campaign In the manufacturing industry to increase the variety of products, improve quality, and build brands, in a bid to raise product quality and brand benefits. We will implement smart manufacturing projects, speed up the growth of service-oriented manufacturing, and strive to bolster producer services. We will implement the plan to achieve peak carbon emissions in the industrial sector, comprehensively promote green manufacturing, and encourage green and low-carbon development. By promoting market-oriented and rule-of-law methods, we aim to encourage the merging and restructuring of major sectors and enhance industrial concentration. 

Second, we will consolidate and expand the development of competitive industries. China has developed distinctive competitiveness in sectors such as high-speed rail, ships, electronic power facilities, construction machinery and communication equipment. China's production of major products like personal computers, cellphones, home appliances, and solar panels also accounts for over half of the world's total. We will coordinate resources and ramp up efforts to implement two projects. The first project involves upgrading the foundational industrial infrastructure, which requires consistent and dedicated efforts. The second involves achieving breakthroughs in key technologies and equipment. We will consolidate and enhance the strength of all industrial links and develop several brands for "Made in China." We will also leverage the major role of enterprises, support leading enterprises in improving development quality, and nurture several world-class companies. In addition, we will take special action to develop advanced manufacturing clusters, build world-class advanced manufacturing clusters focusing on key sectors such as construction machinery, rail transit, optoelectronic information, energy and electric power facilities, and textile and apparel products.

Third, we will foster emerging industries. Emerging industries are the new pillars and fields that will lead development in the future. We will keep developing and expanding new application scenarios in key sectors such as 5G, artificial intelligence (AI), biological manufacturing, the industrial internet, intelligent connected vehicles, and green and low-carbon development. We will build more national industrial innovation centers in emerging industries. We will also implement the "Robot + Application Action Plan" and promote large-scale and intensive development in the Internet of Things (IoT) sector.

Fourth, we will proactively plan and create a layout for industries of the future. Seizing opportunities created by the latest round of technological revolution and industrial transformation, we will harness the industries of the future to become a leading force for development. We will study and formulate an action plan to speed up development on frontiers such as humanoid robots, the metaverse, and quantum science and technology and comprehensively advance the development of 6G technology. We will also encourage local authorities to experiment in this regard and make forward-looking arrangements. 

In conclusion, we must promote domestic and international circulation to build a modern industrial system, with the former as the mainstay. Moreover, we need to strengthen global cooperation, deepen reform and opening-up, create a favorable business environment, and better serve advanced manufacturing enterprises, whether Chinese or foreign. Thank you.