Industry is the cornerstone of the national economy. Recently, issues such as insufficient demand for industrial enterprises have become increasingly prominent.

On October 14, Wang Jiangping, Deputy Minister of the Ministry of Industry and Information Technology (MIIT), stated at a press conference held by the State Council Information Office that in the fourth quarter, the MIIT, in conjunction with relevant departments, will introduce a new batch of specific measures to promote consumption and expand domestic demand, helping enterprises to expand markets and unleash vitality.

Specifically, the first focus is on investment-driven initiatives, implementing technology renovation and upgrading projects as well as equipment renewal projects. The second is to expand consumption by organizing a series of actions to improve supply and promote upgrades. The third is to deepen the application of scenarios, fostering and growing new forms of productivity such as low-altitude economy and intelligent manufacturing.

Wang Jiangping stated that they will expedite the approval and funding of ultra-long-term special treasury bond support projects, and speed up the disbursement of the signed 150 billion yuan in technology renovation loans. Recently, a new batch of special loan projects has been recommended to banks, and preparations are being made in advance for the pilot cities of new technology renovation in the manufacturing industry by 2025. The organization of industrial field reserve projects to accelerate the start of construction, to form more physical work as soon as possible. At present, there are about 36,000 projects under construction and starting construction in the industrial field, which is expected to drive investment of more than 11 trillion yuan in the next three years.

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In terms of promoting consumption, the MIIT will increase the promotion of new energy vehicles. At the end of the year, a special event for new energy vehicles in rural areas will continue to be held, and the infrastructure for charging will be promoted simultaneously. A new batch of pilot cities for the full electrification of public field vehicles will be added. The construction of the Chinese consumer famous brand square will be initiated, selecting thousands of Chinese consumer famous brands from three dimensions: historical classics, excellent products of the times, and trendy new trends. The first batch of 100 high-quality brands with global recognition will be launched, and global communication and promotion activities will be organized. The layout of characteristic food production areas across the country will be built, and activities such as "excellent supply and promotion upgrade" in the textile and apparel industry, and the "foodie festival" and other "three products" national activities will be organized.

In terms of developing new forms of productivity, the MIIT will take the construction of the low-altitude industry ecosystem as the guide, support regions with good airspace resources and rich application scenarios to take the lead in trial and trial, and create a multi-scenario application demonstration system for low-altitude in different regions, to accelerate the cultivation of new forms of low-altitude consumption such as low-altitude logistics, urban and inter-city air traffic, and low-altitude cultural tourism, and to expand new models such as agricultural and forestry planting protection, inspection and inspection, and emergency rescue, to create a new engine for economic growth.

Wang Jiangping revealed that the MIIT will introduce implementation opinions to promote the innovative development of future industries, and vigorously develop new fields and new tracks such as humanoid robots, brain-computer interfaces, and 6G. At the same time, support enterprises to create an "upgraded version" of intelligent manufacturing, focus on the application of intelligent manufacturing technology in typical industries, and cultivate a batch of intelligent factories at the basic, advanced, excellent, and leading levels in a gradient.

Specialized and specialized small and medium-sized enterprises (SMEs) have attracted widespread market attention. At present, China has emerged with 141,000 specialized and specialized SMEs and 14,600 specialized and specialized "little giant" enterprises, which have played an important role in promoting new industrialization and the development of new forms of productivity. Next, the MIIT will work with relevant departments to focus on building a mechanism to promote the development and growth of specialized and specialized SMEs, improve the "selection, seedling cultivation, and optimization" full-cycle cultivation system, and promote the high-quality development of specialized and specialized SMEs.

Wang Jiangping stated that recently, the MIIT will jointly launch the third batch of regional equity market "specialized and specialized" special boards with the China Securities Regulatory Commission (CSRC), sign a strategic cooperation agreement with the Beijing Stock Exchange, and further smooth the capital market financing channels for specialized and specialized SMEs; work with relevant departments to focus on key industrial chains, launch the "one chain per month" SME financing promotion national activity, and promote financial institutions to carry out precise docking with SMEs on the chain.

As representative enterprises of the new economy, new business models, and new models, unicorn enterprises have the characteristics of fast development and high growth, and have become a new force in promoting new forms of productivity. In recent years, the number of Chinese unicorn enterprises has continued to grow, and their comprehensive capabilities have been greatly improved, and a number of super unicorn enterprises have emerged. Beijing, Shanghai, Hangzhou, Guangzhou, Shenzhen have gathered a large number of unicorn enterprises, and the number of unicorn enterprises in Chongqing, Tianjin, Chengdu, Changsha, Wuhan and other places has also been gradually increasing in recent years, showing a multi-polar development trend.Data indicates that unicorn companies from high-end manufacturing, consumer and retail, and high-tech fields account for more than 78%. Among the unicorn companies added last year, over half are from hard-tech tracks such as new energy, artificial intelligence, and semiconductors.

Wang Jiangping stated that the growth of unicorn companies requires not only the companies' own technological strength but also a favorable development environment. Next steps will include the following measures by the Ministry of Industry and Information Technology to promote and support the development of unicorn companies in China:

1. Establish a unified national system for cultivating unicorn companies, with联动 between ministries and provinces.

2. Support technological innovation in unicorn companies, encouraging and guiding them to tackle technical challenges around national strategic needs, and to master more "unique skills."

3. Increase financial support for unicorn companies, leverage the role of industry-finance cooperation platforms, and support unicorn companies in going public, mergers and acquisitions, and restructuring.

4. Prospectively layout future industries, focusing on new fields and tracks such as atomic-level manufacturing, brain-computer interfaces, and 6G, to grow and strengthen unicorn companies.

5. Support unicorn companies in integrating into the global innovation network and engaging in innovation cooperation. We especially welcome international innovation teams to start businesses in China and also welcome foreign investment in Chinese unicorn companies, willing to share the development opportunities of China's innovation and entrepreneurship with the world.