借由三中全会把脉高端制造未来：何为高端制造的新质生产力？

Investment Rating - The investment rating for the machinery equipment sector is "Positive" [2] Core Insights - The report emphasizes the importance of understanding the new quality productivity in high-end manufacturing, which is crucial for navigating the upcoming technological revolution and industrial transformation [6][7] - The focus is on promoting the deep integration of the real economy and digital economy, accelerating new industrialization, and reasonably reducing the comprehensive costs and tax burdens of the manufacturing industry [10] - There is a strong emphasis on developing self-controllable key industrial chains, advancing low-altitude economy, and concentrating on critical areas that face bottlenecks [12][14] Summary by Sections Section 1: New Quality Productivity - The report highlights the need to establish a system for developing new quality productivity tailored to local conditions, which is prioritized in promoting high-quality economic development [2][7] - It discusses the significance of enhancing institutional supply in new fields and guiding the healthy development of emerging industries through strategic policies [7] Section 2: Integration of Real and Digital Economies - The report outlines the goal of fostering the deep integration of the real economy with the digital economy, promoting high-end, intelligent, and green development in manufacturing [10] - It notes the growth in domestic sales of excavators and loaders, indicating a positive trend in the machinery sector, with electric loaders showing significant growth [10] Section 3: Self-Controlled Industrial Chains - The report stresses the urgency of enhancing the resilience and security of industrial and supply chains, particularly in semiconductor equipment and industrial mother machines [12][14] - It mentions the increasing domestic production of semiconductor equipment and the expected rise in the domestic market share due to improved local capabilities [12]