Core Viewpoint - The industrial economy in China has shown steady growth in the first three quarters of the year, characterized by innovation-driven development, resilient industries, and green transformation [1][7]. Innovation-Driven Growth - Innovation is a key driver for high-quality industrial development, moving away from traditional factor inputs to focus on original and disruptive technological advancements [2]. - In the first three quarters, the added value of the equipment manufacturing industry grew by 9.7%, accounting for 35.9% of the total industrial output, maintaining over 30% for 31 consecutive months [2]. - High-tech manufacturing also saw a 9.6% increase, outpacing the overall industrial growth by 3.4 percentage points, highlighting its significant impact on industrial growth [2]. - The demand for new energy vehicles and electronic information has stimulated production expansion in the equipment manufacturing sector, creating a virtuous cycle of demand, production, and innovation [2]. Resilient Industry - Industrial resilience is crucial for maintaining stable operations and adapting to external shocks, with the machine tool industry exemplifying this resilience [4]. - The demand for high-end machine tools is increasing due to the rapid development of new industries like new energy vehicles and aerospace, presenting both opportunities and challenges for domestic manufacturers [4]. - A specific example includes a new machine tool developed by a company that improves processing efficiency by 40% compared to conventional machines, reflecting innovation in response to market needs [4]. - Exports of machine tools from Jiangsu province reached 10.97 billion yuan, a 15.3% increase year-on-year, driven by both leading and small enterprises [4]. Green Development - The green transformation of the industrial sector has made significant progress, with notable increases in the production of green products [9]. - In the first three quarters, the production of new energy vehicles rose by 29.7%, lithium-ion batteries for vehicles by 46.9%, and charging stations by 22.2%, supporting the electric vehicle industry's growth [9]. - The production of green energy equipment also saw substantial growth, with wind turbine production increasing by 72.4% and solar battery production by 14.0%, indicating a shift towards cleaner energy sources [9]. Outlook for Future Growth - The conditions for stable growth in the industrial economy remain favorable, with ongoing advancements in new industrialization and the integration of technological and industrial innovation [10]. - Recent policies aimed at promoting green low-carbon development are expected to enhance both the quality and reasonable growth of the industrial sector [10].
创新引领 产业强韧 绿色发展 工业经济稳中有进 持续迸发增长新动能
Shang Hai Zheng Quan Bao·2025-10-26 17:28