At a press conference held by the Ministry of Industry and Information Technology, it was announced that the proportion of accounts payable paid using electronic bills in China's automotive industry had declined, while prices of major solar modules had stabilized. The focus was on an overview of industrial operating conditions for January–September and the government's efforts to clear outstanding payments.
At a press conference held by China's Ministry of Industry and Information Technology, it was reported that the proportion of accounts payable in the automotive industry paid using electronic bills had already declined and that domestic prices of major solar power modules had stabilized. The regulator explained measures to correct irrational competition in priority industries and clear outstanding payments owed to companies.
From January to September, value added by industrial enterprises above the designated size rose 5.3% year on year, while industry's contribution to economic growth remained at approximately 35%. From January to August, total profits of industrial enterprises above the designated size rose 15.7% year on year, and revenue in the digital industry increased 14.6%.
In terms of structural upgrading, the shares of exports accounted for by machinery and electrical products and high-tech products, measured in yuan, rose 3.8 percentage points and 4.9 percentage points, respectively, from the previous period. Chinese-made products accounted for 80% of innovative pharmaceuticals, and breakthroughs in drug research advanced across multiple fields. The market launch of new products, including humanoid robots, is also accelerating.
In smart manufacturing, work is progressing on drafting next-generation smart manufacturing policies, while support for developing smart factories and smart equipment is being strengthened. Nationwide, there were reportedly more than 13,000 advanced-level smart factories and more than 500 excellence-level smart factories. Progress in green manufacturing and the use of industrial data is also being encouraged.