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SCIO briefing on stepping up support for enterprises

China.org.cn | December 9, 2024

Guangming Daily:

We have noticed that some industrial enterprises are currently facing issues such as insufficient orders. As the industry's governing body, what considerations and specific measures are the MIIT taking to help enterprises expand markets and boost domestic demand? Thank you.

Wang Jiangping:

In the fourth quarter, the MIIT will work with relevant departments to launch a number of specific measures to promote consumption and expand domestic demand to help enterprises expand markets and unleash their potential.

First, we will focus on the leading role of investment and implement technological transformation and equipment upgrading projects. We will expedite the approval and funding for projects supported by ultra-long-term special treasury bonds, and accelerate the issuance of 150 billion yuan in relending loans for technological transformation that have been signed. In the coming period, we will recommend a new batch of special relending projects to banks, and plan in advance the pilot cities for manufacturing technological transformation in 2025. We will organize reserve projects in the industrial field to start construction and create more physical workload as soon as possible. Currently, there are about 36,000 projects under construction or set to start within the year in the industrial sector, which are expected to drive over 11 trillion yuan in investment over the next three years.

Second, to expand consumption, we will organize a series of initiatives to improve supply and promote upgrading. First, we will promote the trade-in of consumer goods. To facilitate the trade-in of electric bikes, we have formulated and implemented mandatory national standards for lithium batteries, chargers and electrical safety, and have published a list of 31 qualified electric bike companies in two batches. Second, we will intensify the promotion of new energy vehicles. By the end of this year, we will continue to hold dedicated events to promote new energy vehicles in rural areas while expanding charging infrastructure in these areas. We will also designate additional pilot cities for the full electrification of public-sector vehicles. Third, we will initiate a matrix of renowned Chinese consumer goods, selecting and establishing a thousand products across three categories: historical classics, contemporary premium items and trendsetting products. We will launch the first batch of 100 globally recognized brands and organize global promotional activities. Fourth, we will establish specialty food production hubs nationwide, improve supply and promote upgrading in the textile and apparel sectors, and conduct national events such as the "Foodie Festival,"  under an initiative to increase product variety, improve quality and strengthen brand-building.

Third, we will deepen scenario applications and foster new quality productive forces such as low-altitude economy and intelligent manufacturing. With a focus on building a low-altitude industrial ecosystem, we will support regions with abundant airspace resources and diverse application scenarios to take the lead in piloting initiatives. Tailored to local conditions, we will create a demonstration system for multi-scenario low-altitude applications, advance new consumption formats like low-altitude logistics, urban and intercity air transport and low-altitude cultural tourism, and expand new models such as agricultural and forestry plant protection, inspection and patrol, and emergency rescue, creating a new engine for economic growth. We will issue guidelines to drive innovation in future industries, vigorously developing new areas such as humanoid robots, brain-computer interfaces and 6G. In addition, we will support enterprises in upgrading intelligent manufacturing, focusing on the application of intelligent manufacturing technology in typical industries and fostering a tiered development of intelligent factories at basic, advanced, excellent and leading levels.

That's all I have to say. Thank you!

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