MIIT to Focus on Stable Industrial Growth Strategies by 2025

Published: Jan 23, 2025 07:40

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At the press conference held by the State Council Information Office, it was revealed that to ensure stable growth of the industrial economy by 2025, the Ministry of Industry and Information Technology will focus on promoting the implementation and effectiveness of both existing and incremental policies. Efforts will center on three aspects: boosting growth in key industries and regions, expanding effective demand, and optimizing the development environment. Zhang Yunming, Vice Minister of Industry and Information Technology, stated that a new round of work plans for stable growth in ten key industries (steel, non-ferrous metals, petrochemicals, chemicals, building materials, machinery, automobiles, power equipment, light industry, and electronics) will be launched to fully release the effects of their large scale, extensive linkages, and strong driving forces. Support for major industrial provinces and cities will be intensified. Policies and mechanisms to promote orderly industrial relocation will be improved, and local efforts to develop and strengthen distinctive and advantageous industries will be supported to contribute more to industrial economic growth.

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