The production and sales of new products are both booming to deliver important signals

Source: Economic Daily

It is necessary to further strengthen scientific and technological innovation, accelerate the transformation and upgrading of the industrial structure, and make the new kinetic energy greener and more vibrant.

What are the "high scores" of China's economic "report card" in the first three quarters of this year? There are undoubtedly many answers. Whether from the perspective of the whole country as a whole or from the perspective of local conditions, the vigorous development of new industries and new products must be one of them.

Take places, for example. In the first three quarters, the output of new energy vehicles in Guangxi increased by 3.4 times year-on-year, integrated circuits by 2.3 times, solar cells by 1.0 times, and lithium-ion batteries by 91.8%; the output of new energy vehicles in Hebei Province increased by 1.1 times year-on-year, and industrial robots increased by 52.6%; inner Mongolia wind turbines increased by 3.5 times year-on-year, and monocrystalline silicon increased by 93.5%.

With the rapid growth of production, the retail sales of new products have also maintained a high growth rate. For example, in the first three quarters, among the wholesale and retail enterprises above designated size in Hunan Province, the retail sales of smart phones and new energy vehicles increased by 38.5% and 56.5% respectively; the retail sales of new products such as new energy vehicles and smart phones in Tianjin increased by 81.7% and 18.6% respectively.

The production and sales of new products are booming, behind which is the significant enhancement of the leading support role of China's new kinetic energy. China has accelerated the construction of a modern industrial system, focused on promoting the deep integration of digital technology and economic and social development, continued to promote the green and low-carbon and green and low-carbon industrialization of the industry, more and more innovative achievements have been transformed, new product groups and industrial clusters have grown strongly, and new industries and new kinetic energy representing a new round of technological revolution and industrial change direction continue to grow.

In the first three quarters, the added value of China's high-tech manufacturing industry increased by 20.1% year-on-year, and the added value of information transmission, software and information technology service industries increased by 19.3% year-on-year. Industrial transformation and upgrading continue to accelerate, new energy vehicles, industrial robots, medical equipment, etc. maintain a good momentum of development, ultra-high-definition video, big data, virtual reality, smart photovoltaic and other emerging industries to accelerate the advancement, live e-commerce, telemedicine and other new formats and models to accelerate the development.

The production and sales of new products are booming, highlighting the advantages of China's manufacturing industry chain. China is a big manufacturing country, with an independent and complete industrial system, obvious industrial scale and supporting advantages, and a strong resilience in the industrial chain supply chain. Under the impact of the new crown pneumonia epidemic, China's manufacturing industry has not only resumed work and production rapidly, promoted the sustained recovery of the domestic economy, but also effectively undertaken the high demand in overseas markets. In the first three quarters, the export delivery value of China's automobile manufacturing industry increased by 48.0% year-on-year, of which the export of new energy vehicle manufacturing industry increased by 8.1 times.

The production and sales of new products are booming, highlighting the huge potential of consumption upgrading. China has entered a stage of high-quality development, and the people's requirements for a better life are constantly increasing. The hot sales of new products such as new energy vehicles and smart phones show that in China, the world's largest and most potential consumer market, the optimization and upgrading of residents' consumption, combined with modern technology and production methods, contains huge room for growth.

It should also be noted that the task of china's economic restructuring and transformation mode is still arduous and heavy, strategic emerging industries and high-tech industries have not yet become the leading force of economic growth, and the industrial chain supply chain is still at an important juncture of moving towards the middle and high end. It is necessary to further strengthen scientific and technological innovation, accelerate the transformation and upgrading of the industrial structure, and make the new kinetic energy more green and full of vitality. (Xiong Li Source: Economic Daily)