Xing Huina:

The last question, please.

China Electronics News:

The electronic information manufacturing industry plays a crucial role in supporting the recovery and development of the industrial economy. How is the performance of the electronic information manufacturing industry at present? Next, what specific measures will be adopted by the MIIT to advance the high-quality development of the industrial sector? Thank you.

Tao Qing:

Thank you for your questions. As you have mentioned, the electronic information manufacturing industry plays a significant role in supporting the recovery and development of the industrial economy, which has attracted wide attention from the public. Since the beginning of this year, the development of China's electronic information manufacturing industry has maintained resilience, and its performance has steadily recovered. To be specific, there are the following four characteristics. Firstly, production has rebounded and steadily grown. From January to September, the added value of computer, communication, and other electronic equipment manufacturing industries above the designated size rose by 1.4% year on year, up 1.4 percentage points from the first half of this year. Secondly, the output of products has been generally stable. From January to September, the output of mobile phones in China reached 1.09 billion, up 0.8% year on year, with a year-on-year increase of 11.8% in September. The output of solar cells stood at 384 gigawatts, up 63.2% year on year. Thirdly, fixed-asset investment has remained at a high level. From January to September, fixed-asset investment in the industry increased by 10.2% year on year, 7.1 percentage points higher than the growth rate of national fixed-asset investment and up 0.8 percentage point from the first half of this year. Fourth, there has been a trend-bucking surge of growth in the export of some products. Since the beginning of this year, the export of televisions has been on the rise, with a year-on-year increase of 15.1% in export value from January to September. Based on the sustained rapid growth over the past few years, lithium-ion batteries and solar cells this year still maintained growth momentum, with an increase of 48% and 5.1%, respectively, in export value from January to September.

Next, the MIIT will fully implement the decisions and plans of the CPC Central Committee and the State Council, staying true to the general principle of pursuing progress while ensuring stability, consolidating the foundation for industrial development, and moving faster to foster new growth drivers to promote the high-quality development of the electronic information manufacturing sector.

Firstly, the MIIT will work to accelerate the recovery of the consumer market. The implementation of relevant policies and initiatives, such as the work plan to promote the steady growth of the electronic information manufacturing industry from 2023 to 2024, will be sped up. The MIIT will make use of innovation in technologies and product modalities to boost traditional electronics consumption, including mobile phones, computers, and televisions, and enhance publicity, promotion, guidance, and regulation for smart sports and smart health and elderly care. The MIIT will work to stabilize consumer market expectations and take active steps to foster new growth drivers for the industry.

Secondly, the MIIT will further give play to the role of investment in driving growth. The MIIT will move faster to carry out major projects, provide guidance for the rational layout of the industry, and advance the launch of the construction of projects in key areas, such as integrated circuits, new-type displays, communication equipment, smart hardware, and lithium-ion batteries, in an orderly manner.

Thirdly, the MIIT will foster new drivers of growth for industrial development at a faster pace. The MIIT will adhere to innovation-driven development and advance integration and synergy of innovation, industrial, capital, and talent chains. We will work on developing a new round of follow-up policies to support the development of the audiovisual industry, fully implement policies in the area of BDS application and smart photovoltaics, and move faster to encourage industries with weak links to make up deficiencies, as well as further develop industries with strong advantages, upgrade traditional industries, and build industrial chains in emerging industries.

Fourthly, the MIIT will keep enhancing openness and cooperation. The MIIT will expand diversified development spaces, open up wider, uphold win-win cooperation, actively participate in the multilateral and bilateral meetings in the area of electronic information, continue to improve the business environment for foreign investors, and create a market environment that ensures the free flow of resources and production factors and fair and well-ordered competition. Thank you.

Xing Huina:

Today's briefing is hereby concluded. Thanks to the speakers and friends from the media. See you!

Translated and edited by Wang Yiming, Wang Qian, Zhou Jing, Yang Xi, Li Xiao, Liu Caiyi, Yuan Fang, Zhang Junmian, Wang Yanfang, Huang Shan, Wang Ziteng, Liu Sitong, Yan Bin, Qin Qi, Li Huiru, Xu Kailin, Zhou Jing, David Ball, Tom Arnsten, and Jay Birbeck. In case of any discrepancy between the English and Chinese texts, the Chinese version is deemed to prevail.