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英语新闻丨Policies aim to nurture fresh growth engines
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China is planning a fresh set of policies to propel growth in the equipment manufacturing sector, focusing on nurturing new growth engines such as new energy vehicles and low-altitude aircraft, amid the country's concerted efforts to promote industrial upgrading and enhance global supply chain resilience, said officials and experts.
The move mirrors the directive to nurture technological innovation to boost the development of new quality productive forces and the establishment of a modern industrial system, which was mapped out at a meeting of the Political Bureau of the Communist Party of China Central Committee on Monday.
The meeting, which was presided over by Xi Jinping, general secretary of the CPC Central Committee, anchored China's key focal points for next year's economic development, as the nation is in a pivotal process of changing its development paradigm from quantity-driven to quality-driven.
The vision is backed by China's ever-stronger equipment manufacturing capability, as reflected in the fact that annual production of new energy vehicles passed the milestone of 10 million units on Nov 14, according to the Ministry of Industry and Information Technology, making China the only nation to realize such an achievement.
It took only six years for this figure to grow from 1 million to 10 million, showcasing the nation's unwavering commitment to innovation-driven development.
"Innovation stands as a pivotal force propelling the high-quality advancement of the manufacturing sector, and companies are increasingly assuming central roles in driving innovation," said Li Jinghong, an academician of the Chinese Academy of Sciences and a professor at Tsinghua University.
To date, China has built nearly 10,000 digital workshops and smart factories, of which over 400 have developed into national-level intelligent manufacturing demonstration factories. Artificial intelligence, digital twins and other cutting-edge technologies have been applied in more than 90 percent of these demonstration factories, according to a report released at the 2024 World Internet Conference.
In the first 10 months of this year, total output of high-tech manufacturing businesses grew 9.1 percent year-on-year, surpassing the average growth rate of businesses from all industries by 3.3 percentage points, according to the National Bureau of Statistics.
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