Making Solid Progress on the Key Tasks of New Industrialization

In pursuing new industrialization, it is essential to adhere to the general principle of seeking progress while maintaining stability, fully and faithfully apply the new development philosophy, balance high-quality development with a high level of security, and grasp the underlying laws of new industrialization on the new journey in the new era. We must proactively adapt to and steer the latest round of scientific and technological revolution and industrial transformation. We need to integrate the requirement for high-quality development into the entire process of new industrialization, align the push to build China’s manufacturing strength with the development of the digital economy and IT application in industry, and drive substantive qualitative improvements and reasonable quantitative growth in the industrial sector. This will ensure a robust material and technological foundation for Chinese modernization.

First, we will make every effort to facilitate stable growth in the industrial sector. 

Stable growth is a crucial foundation for advancing new industrialization. We will implement a series of policies and measures aimed at stable growth, so as to keep the share of manufacturing in the economy largely stable and leverage industry's role as a ballast for macroeconomic stability.

Second, we will work to enhance the resilience and security of China's industrial and supply chains.

A self-supporting, controllable, secure, and reliable industrial system is both a prerequisite and a strategic pillar for new industrialization. Making coordinated moves to shore up weaknesses, consolidate strengths, and reinforce foundations, we will carry out initiatives that promote high-quality development within key manufacturing chains. We will keep working to enhance the resilience and competitiveness of our industrial chains to ensure we keep a firm grasp on the initiative in our development.

Third, we will improve the scientific and technological innovation capabilities of all industries.

Innovation is the fundamental force behind new industrialization. We will place innovation at the core of industrial development, fully implementing the innovation-driven development strategy. By using scientific and technological breakthroughs to drive industrial innovation, we will foster new industries, models of business, and growth drivers and propel the development of new quality productive forces.

Fourth, we will continue to upgrade the industrial structure.

Such upgrading is an essential requirement of new industrialization. Adhering to the principle of advancing both new and traditional industries, we will accelerate the shift of manufacturing toward the medium-high end of the value chain.

Fifth, we will vigorously promote the full integration of digital technology with the real economy.

This form of integration is a distinctive feature of new industrialization. Grasping the trend of digitalized, network-based, and smart technology development, we will make full use of next-generation IT to effect an all-encompassing transformation of entire traditional industry chains. This will help boost total factor productivity and maximize the amplifying, compounding, and multiplier effects of digital technology in industrial development.

Sixth, we will fully advance the green and low-carbon development of industry.

Green is the defining feature of new industrialization. Acting on the idea that lucid waters and lush mountains are invaluable assets, we will accelerate the green transformation of the industrial development model.

Seventh, we will accelerate efforts to develop world-class enterprises.

Enterprises are the primary drivers of new industrialization. Industrial development fundamentally depends on enterprises; when enterprises are strong, our industry will be strong too. We will steadfastly consolidate and develop the public sector while firmly encouraging, supporting, and guiding the development of the non-public sector. In doing so, we will foster a larger contingent of world-class enterprises that can compete on the international stage and develop clusters of enterprises that use special and sophisticated technologies to produce novel and unique products. We will see that enterprises of all forms can give full play to their innovative and entrepreneurial vitality in the process of new industrialization.

Editor: Wang Cuifang