The added value of industries above Designated Size in the first three quarters increased by 5.6% year on year

"In the first three quarters, the added value of industries above designated size increased by 5.6% year-on-year, and the industrial economic operation remained within a reasonable range, meeting the annual growth expectation." "In the face of complex and changing internal and external environment and increasing downward pressure on the economy, we have made efforts to stabilize the industry as a basic market," said the director of the operation monitoring Coordination Bureau of the Ministry of industry and information technology and a spokesman at the press conference of the State Council's new office on October 22 In the first three quarters, the economic indicators reflecting the adjustment of industrial structure and the growth of new driving forces performed well The industrial operation can be observed from three main data 5.6% of the growth rate of industrial added value above the designated scale is in the expected target range of 5.6% year-on-year growth rate, and in the expected target range of 5.5% - 6% year-on-year growth rate Since this year, the momentum of global economic growth has slowed down, and the purchasing managers' index (PMI) of manufacturing industry in many countries has fallen below the boom and bust line China's manufacturing industry is in the throes of transformation and upgrading With the impact of China US economic and trade frictions and upgrading, risks and challenges have increased significantly, and it is more difficult to maintain the stable operation of the industrial economy In the first three quarters, the operation of the industrial communication industry was generally stable, with hard won results Behind 5.6%, there are several sets of data that better reflect the "stability" of industry as a basic market In terms of trend, the added value of industries above designated size increased by 5.8% year on year in September, 1.4 percentage points higher than that in August From the perspective of efficiency, the downward trend of corporate profits slowed down In the first eight months, the profits of Industrial Enterprises above designated size decreased by 1.7% year-on-year, 0.7 percentage points lower than that in the first half of the year In terms of debt, the leverage ratio of enterprises continued to decrease At the end of August, the asset liability ratio of enterprises was 56.8%, a year-on-year decrease of 0.5 percentage points In terms of industries, there are positive changes in the operation of key industries In the first three quarters, the industrial added value of raw materials industry increased by 7% year on year, 2.3 percentage points higher than the same period last year In the first eight months, the profits of consumer goods industry and machinery industry (excluding automobile) increased by 7.2% and 11.8% respectively year on year According to the constant price of last year, the total volume of telecommunication business in the first three quarters increased by 23.9% year on year; the business income of software and information technology service industry in the first eight months increased by 14.9% year on year According to the director of the Institute of industrial economy of CCID Research Institute, from the data of industrial economic operation in the first three quarters of this year, it shows obvious characteristics of "recovery at the end of the quarter, and the recovery rate narrows quarter by quarter", but the growth rate of industrial added value is still in a reasonable range, and stable growth is still the main theme of current industrial operation 8% and 7.1% of the value-added of private and small and medium-sized industrial enterprises grew faster than that of the first three quarters of the whole industry The value-added of private and small and medium-sized industrial enterprises grew by 8% and 7.1% respectively, faster than that of the whole industry More than 5 million private enterprises have been newly established, with a growth rate of nearly 10% The development of private economy and small and medium-sized enterprises is steady and steady According to the director of the Institute of industrial economy of CCID Research Institute, the market environment and business environment of fair competition have been continuously optimized, and the effectiveness of various work in favor of small and medium-sized enterprises has gradually emerged For example, the special action to pay off debts has effectively alleviated the cash flow problem of small and medium-sized enterprises that have long plagued the upstream and downstream of the industrial chain, and the private economy and small and medium-sized enterprises have performed well in the first three quarters This benefits from the continuous optimization of the development environment of small and medium-sized enterprises From January to August, the total tax reduction for private enterprises exceeded 820 billion yuan Among them, the amount of inclusive tax reduction for small and micro enterprises is more than 120 billion yuan Second, financial services have been gradually strengthened At the end of August, the loan balance of inclusive small and micro enterprises was 11 trillion yuan, an increase of 16.9% over the beginning of the year, and the number of loan households increased by 3.24 million over the beginning of the year; the loan interest rate of inclusive small and micro enterprises from January to August was 0.59% lower than the average level of last year Third, the payment of arrears was advanced in depth As of the end of September, a total of 483.4 billion yuan had been paid off in arrears to private enterprises and small and medium-sized enterprises, with the payment progress reaching 55.8%, greatly alleviating the financial difficulties of private enterprises and small and medium-sized enterprises Fourth, the service system is improving day by day 647 national small and medium-sized enterprises public service demonstration platforms and 321 national small and micro enterprises entrepreneurship and innovation demonstration bases have been cultivated and identified Since this year, more than 1600 leading talents of small and medium-sized enterprises have been trained at the national level Fifthly, specialized, special and new financing development The first batch of 248 specialized, special and new "small giants" enterprises were selected and announced 69 real economic development zones were supported to build large and medium-sized enterprise financing characteristic carriers in 2018-2019 12.6% in the first three quarters of the double-digit growth of investment in high-tech manufacturing industry, investment in high-tech manufacturing industry increased by 12.6% year-on-year, investment in technological transformation of manufacturing industry increased by 8.9%, significantly faster than the investment growth of manufacturing industry by 2.5%; the added value of strategic emerging industries and high-tech manufacturing industry increased by 8.4% and 8.7% year-on-year, respectively, faster than that of industries above scale by 2.8 and 3.1 percentage points This means that the transformation and upgrading of traditional industries and the cultivation of new driving forces have achieved results Since this year, we have promoted the development of new generation information technology, high-end equipment and other strategic emerging industries, fostered and developed new industries such as artificial intelligence, ultra-high definition video, virtual reality, advanced medical equipment, ice and snow equipment, and effectively hedged the impact of external adverse factors "China's industrial Internet platform is accelerating its development and growth At present, the average number of equipment connections of key industrial Internet platforms has reached 650000, the popularity rate of digital R & D and design tools of enterprises has reached 69.3%, and the numerical control rate of key processes has reached 49.5%." According to the director of the Institute of industrial economy of CCID Research Institute, through the cultivation of new kinetic energy in recent years, the application of new generation information technology such as 5g technology in the manufacturing sector has gradually played a catalytic role, forming new investment, especially the high-tech manufacturing industry has become an important investment field, and industrial enterprises are increasingly optimistic about the market expectations.