On October 19, the State Council Information Office held a press conference on the development of industry and informatization in the first three quarters.
At the meeting, Luo Junjie, spokesperson of the Ministry of Industry and Information Technology and director of the Operation Monitoring and Coordination Bureau, said that the industrial economy continued to recover and the main indicators were generally stable. In the first three quarters, the value added of the industrial enterprises above designated size increased by 11.8% year-on-year, and the two-year average growth rate was 6.4%. The added value of the manufacturing industry increased by 12.5% year-on-year and the two-year average growth rate was 7%. In the third quarter, the monthly industrial added value increased by 6.4%, 5.3%, and 3.1% year-on-year, respectively, and the growth rate was steadily slowing down. Enterprise efficiency has been improved. In the first eight months, industrial enterprises above designated size achieved a year-on-year increase of 49.5% in profits, an average increase of 19.5% in two years, and an operating income margin of 7.01%, which is a relatively high level in recent years. Manufacturing investment showed an overall improvement, with a year-on-year growth of 14.8% in the first three quarters and an average growth of 3.3% in the two years. Industrial exports continued to grow. In the first three quarters, the delivery value of industrial exports above designated size increased by 19.4% year-on-year, and the two-year average growth rate was 7.6%.
Luo Junjie said that the current external environment is still complex and changeable, and the development of industry and information technology still faces many unstable and uncertain factors, especially due to the recent epidemic. Due to flood conditions, rising raw material prices, tight energy supply, and chip shortages, the industrial growth rate in the third quarter slowed down steadily, and downward pressure on the economy increased. “We will effectively integrate our thoughts and actions with the Party Central Committee’s judgment and deployment of the current economic situation, adhere to the general tone of the work of seeking progress while maintaining stability, strengthen bottom-line thinking, do a good job in cross-cycle adjustments, and keep the industrial and information-based economy operating in a reasonable manner. It will ensure the completion of the targets and tasks for the whole year and lay a solid foundation for development in the first quarter of next year and throughout the year.”