Core Viewpoint - The article discusses the introduction of a new round of policies aimed at stabilizing economic growth in ten key industries, which are expected to support 70% of the industrial base and pave the way for future industrial upgrades [1][2]. Summary by Sections Key Industries Benefiting - The ten key industries identified include steel, non-ferrous metals, petrochemicals, chemicals, building materials, machinery, automobiles, power equipment, light industry, and electronic information manufacturing, collectively representing 70% of the industrial economy [1]. Rationale for Policy Introduction - The timing of the new policies is significant as it coincides with the conclusion of the 14th Five-Year Plan and the tenth anniversary of supply-side structural reforms. Despite exceeding growth expectations in the first half of the year, the third quarter has seen increased uncertainties, prompting the need for measures to stabilize the economy and allow for growth in the fourth quarter [2]. Policy Focus and Implementation - The policies are designed to be precise rather than broad, addressing both supply and demand, as well as technology and market needs. Key initiatives include promoting innovation, improving quality, and integrating artificial intelligence into traditional industries [2]. Demand and Supply Alignment - The policies aim to stimulate consumption and expand market scenarios, with a focus on major engineering projects and large-scale equipment updates. This dual approach is intended to align supply and demand effectively [2]. Guidance for Enterprises - The policies serve as a guide for enterprises, emphasizing the importance of avoiding irrational competition and instead focusing on technology, brand differentiation, and quality. Support for XR equipment, smart grids, and first-of-a-kind equipment trials is also highlighted [2]. Market Order and Fair Competition - The government is placing a strong emphasis on regulating market order and combating low-price competition to ensure a fair environment for all businesses to thrive [2].

Core Viewpoint - The Ministry of Industry and Information Technology, along with two other departments, has issued a plan for the power equipment industry aimed at maintaining an average annual revenue growth rate of around 6% for traditional power equipment from 2025 to 2026, while ensuring stable growth for renewable energy equipment [1] Group 1: Industry Growth Targets - The plan sets a target for the traditional power equipment sector to achieve an average annual revenue growth rate of approximately 6% during the 2025-2026 period [1] - It emphasizes the need for stable growth in the revenue of renewable energy equipment [1] Group 2: Recent Achievements and Developments - Significant milestones in the power equipment industry include the operational integration of 18 MW offshore wind turbines and the mass application of the "Hualong One" and "Guohe One" third-generation nuclear power units [1] - The total installed power generation capacity in the country has reached 3.65 billion kilowatts [1] Group 3: New Opportunities and Projects - The industry is poised for new opportunities due to the deployment of major energy projects domestically and the increasing demand from countries and regions involved in the Belt and Road Initiative [1] - The plan highlights new growth points for the power equipment industry, focusing on accelerating the construction of projects such as the "Shagohuang" renewable energy base, integrated wind-solar-water bases, and ultra-high voltage power transmission channels [1] Group 4: Innovation and Supply Chain - The plan aims to support key product innovation projects in the fields of new energy and smart grid equipment through specialized initiatives [1] - It seeks to ensure equipment supply capabilities and achieve precise alignment between demand and supply sides [1]