Policies fuel impetus for China's high-quality development

Supportive policies for industrial system

The Ministry of Industry and Information Technology said that China proposes to accelerate the development of a modern industrial system. It will carry out the project to rebuild the industrial base, consolidate the leading position of new-energy vehicles and other advantageous industries, improve the distribution of petrochemical and other industries, and promote the high-end, intelligent and green development of the manufacturing sector.

The country will foster and develop national clusters of strategic emerging industries, and will further integrate modern service industries with advanced manufacturing and modern agriculture. It will develop a modern logistics system and prudently promote a dual carbon goal of reaching peak carbon emissions before 2030 and achieving carbon neutrality before 2060.

China will encourage major industrial provinces to take the lead, support the central and western regions in accepting industrial relocation, and support the Northeast region in making new breakthroughs in the revitalization of manufacturing.

The country will stabilize the consumption of automobiles and other major items, support enterprises in upgrading equipment and technology, and provide better services for key foreign-funded manufacturing projects. It will give full play to the leading role of investment funds and guide private capital to increase input in manufacturing.