Premier Mao Zhiguo attended the "National meeting of Industrial Group leaders" to promote industrial upgrading.

Premier Mao Zhiguo attended the "National meeting of Industrial Group leaders" to promote industrial upgrading.

Premier Mao Zhiguo attended the "National meeting of leaders of Industrial groups"

When attending the "National meeting of leaders of Industrial organizations" on August 25, Premier Mao Zhiguo said that in view of the downturn in the international economy, the government must promote industrial transformation and upgrading, in addition to assisting relevant industries to upgrade and find new directions in exports, and to further promote and improve the investment environment, it is also expected that the industry will face the severe challenges of the international situation and work together with the government to tide over the difficulties. Industrial transformation and upgrading will be completed as soon as possible.

Premier Mao Zhiguo pointed out that since the second half of this year, the global economy has declined, the GDP forecast has been revised down, and China's exports have also been greatly affected. As far as the economic cycle is concerned, although some industries will recover with the recovery of the international economy in the future, when the economy is in the doldrums, the government should be particularly vigilant about which industries need to take advantage of the current economic downturn to carry out necessary adjustments and physical strengthening as soon as possible.

In terms of industrial upgrading, Premier Mao Zhiguo said that the government has used various ways to enable our industry to introduce the value generated by innovation from the competitive production process that emphasized cost and efficiency in the past, and to carry out the next stage of competition. In terms of market layout, the government hopes to find various cases and models to develop towards places such as India and ASEAN. ETC is the application of Internet of things, big data and intelligent decision-making system. At present, eight or nine countries have held talks with China, hoping to export the whole system or carry out technical cooperation with China.

In terms of export expansion, Premier Mao Zhiguo pointed out that in the past, because of the industrial structure, the products exported by our country were mainly intermediate wealth and components, and the added value of intermediate wealth and components was not high. In the future, the domestic industry should develop in the direction of system integration. In addition, for the exporting countries and regions, apart from Chinese mainland, ASEAN and India have a combined population of 2 billion, and their domestic market cannot be ignored. The export expansion model of "local production and local marketing" should be faced squarely. President Mao asked the Ministry of Economic Affairs to select appropriate cases to provide replication experience, such as cooperation with Japanese trading houses or local logistics networks, in order to smoothly assist in the entry of Chinese products into these countries.

In terms of promoting investment, Premier Mao Zhiguo said that next year's government budget will adopt an expansionary fiscal policy, of which the public construction budget and investment in public utilities will increase by more than 13% compared with this year, the highest in the past decade. It is expected that the multiplier effect will be achieved through investment by government departments, and the relevant pre-work will be carried out in the second half of this year.

With regard to the part of industrial transformation driven by scientific and technological research and development, Premier Mao Zhiguo said that the government hopes to help industries break through technological restrictions and invest in the Science and Technology Development Fund through relevant ministries such as the Ministry of Economic Affairs, the Ministry of Science and Technology, and the Council of Agriculture to promote forward-looking research. assist industries to complete scientific and technological transformation and create a favorable investment environment. The budget of the Science and Technology Development Fund has increased by 4% over last year, exceeding 100 billion for the first time, demonstrating the government's determination to assist in scientific and technological research and development and industrial transformation.

With regard to financing, Premier Mao Zhiguo pointed out that for small and medium-sized enterprises, the government is prepared to provide 240 billion yuan for financing; for large enterprises, the government has also raised 500 billion yuan, hoping to combine private forces to give full play to the leverage effect and magnify the financing effect. In terms of mergers and acquisitions, President Mao said that the government will allocate 20 billion yuan from the National Development Fund, and also hopes to have a magnifying effect to assist the industry in mergers and acquisitions, so that the future industrial scale and technology can catch up with international development.

With regard to stock market issues of concern to the outside world, Premier Mao Zhiguo pointed out that at present, there are stock market disasters in the world, and several major countries and stock trading markets fluctuate greatly, and China is not immune from global links, but thanks to everyone's efforts, today's Taiwan stock market has substantially stabilized in both price and volume, which also reflects that the fundamentals are good, and the government will continue to be concerned about the development of the stock market and make necessary treatments and responses.

Mao Zhiguo, Premier of ▲, attended the "National meeting of Industrial Group leaders" to promote industrial upgrading.

Mao Zhiguo, Premier of ▲, attended the "National meeting of Industrial Group leaders" to promote industrial upgrading.