On the afternoon of February 17, the State Council Information Office held a press conference. Minister of Industry and Information Technology Miao Wei introduced the development of the industrial communication industry in 2016 and answered questions from reporters.
The data reported by the Ministry of Industry and Information Technology on the same day showed that in 2016, the added value of industries above designated size in the country increased by 6% year-on-year; the profits of industrial enterprises above designated size increased by 8.5% year-on-year; the added value of high-tech manufacturing industries increased by 10.8% year-on-year; The profit of the steel industry increased by 2.02 times year-on-year, the loss of loss-making enterprises decreased by 51% year-on-year, and the operation of the whole industry improved greatly.
At the press conference, Miao Wei said that the National Industrial and Information System Work Conference held at the end of last year set the target of increasing the added value of industries above the industrial scale by about 6% this year, which is realistic, objective and reasonable. There are three reasons: First, based on the general tone of the work of seeking progress while maintaining stability. Industrial products must meet the needs of the whole society for the growth of material products and maintain economic growth within a reasonable range, which requires the industrial economy to stabilize at a reasonable growth rate. Second, this speed is in line with the current potential of my country's economic growth and market expectations. This goal is still appropriate under the circumstances of steady growth in household consumption, steady growth in investment growth, and steady efforts in foreign trade exports. Third, the fundamentals of the industrial economy stabilizing and improving have not changed.
A reporter asked a question at the press conference. During the painful period of economic shifting, the old and new kinetic energy has not yet been formed, and the transformation and upgrading of traditional industries are slow. How do you view the connection between the new and old kinetic energy? Miao Wei said that new kinetic energy cannot be unilaterally understood as just emerging industries. Most of the emerging industries have been transformed into emerging industries through the transformation and upgrading of traditional industries. It is a one-sided understanding to separate or even completely oppose the two issues.
In 2016, the national industrial enterprises above designated size achieved a year-on-year increase of 8.5% in profits, changing the situation of continuous negative growth in the previous year. The profitability of enterprises has been improved. The profit growth rate of the pharmaceutical, electronics, chemical and other industries reached 15.5%, 12.9% and 11.5% respectively; the profit growth rate of the metallurgy, coal and other industries reached 2.02 times and 2.23 times respectively, showing rapid recovery growth. In December 2016, the ex-factory price of industrial producers across the country rose by 5.5% year-on-year, ending the 54-month year-on-year decline since September. The year-on-year increase has continued to expand, enhancing corporate expectations and market confidence. The Manufacturing Purchasing Managers Index has been in the boom range for five consecutive months, the best since 2016.