China's manufacturing industry continues to make efforts towards greening

At the beginning of the new year, there has been a wave of major project construction in many parts of the country, driven by the expansion of effective investment, aiming confidently for the first season to start with success.
The recent National Conference on Industry and Information Technology proposed 12 key tasks in 2024, including promoting stable industrial economic growth and enhancing industrial technological innovation capabilities. Seizing development opportunities throughout the country, through a series of major projects with strong driving capabilities, large investment scale, and excellent industrial structure, with the spirit of "sprinting at the beginning of the year and rising from the beginning", we promote regional development to "stabilize growth" and continuously polish the development background of the manufacturing industry to "pursue new and green".
A batch of "globally leading" and "domestic first" new projects have started construction
On January 11th, BOE's 8.6th generation AMOLED production line project with a total investment of 63 billion yuan officially started construction in Chengdu, Sichuan. This is the first domestic and the first batch of high-end AMOLED production lines in the world, and also the largest single investment manufacturing project in the history of industrial development in Sichuan Province.
This project is a landmark project for Chengdu to create a "World Soft Valley". After completion, China is expected to achieve a historic turning point in the OLED display field from "following" to "running parallel" and then to "leading", which will drive the total output value of Chengdu's new display industry to exceed 150 billion yuan, making Chengdu the largest flexible panel production base in the country.
Turn your gaze to Shandong again. In Jiulong Street, Jiaozhou City, the newly constructed Haier Kaos Industrial Internet Ecological Park Refrigerator Intelligent Manufacturing (Phase III) project is accelerating construction. "The third phase is currently undergoing excavation of the foundation pit. In order to fully ensure the construction progress of the project is completed on schedule, we are using various technical methods to continuously overcome the harsh conditions of winter construction." The project leader introduced.
The reporter learned that the ecological park is the largest among all home appliance parks in the world, with a planned total production capacity of 26 million units, and a layout of the "top ten factories" in the entire industry chain, including refrigerators, washing, air conditioning, and resource utilization. After reaching full production, the annual output value will exceed 40 billion yuan, driving the creation of 18000 new jobs.
Opening the list of key manufacturing projects for this year's Spring Festival, behind the keywords "globally leading" and "domestically first" are the gathering of local advantageous industries in various regions, relying on major projects and key projects to continuously optimize the industrial structure, and further solidify industrial resilience and foundation.
In the view of Yang Ping, Director of the Investment Research Institute of the Chinese Academy of Macroeconomics, on the one hand, the concentrated commencement of major projects is conducive to the key role of investment in stabilizing growth. On the other hand, the industry distribution and investment subject composition of major projects with concentrated construction have played a guiding role in expanding effective investment.
Highlighting the development background of "pursuing novelty and pursuing greenery"
Sprint at the beginning of the year. Starting from the new year, one can often glimpse the work priorities of a place throughout the year or even longer. The reporter found through sorting that major manufacturing projects in various regions highlight the development background of "chasing new and pursuing green".
The Beijing Industry Map 1.0 has recently been released. This year, Beijing will focus on continuously strengthening strategic emerging industries and future industry investment. The construction of Zhongguancun Science City International Medical Valley, Changping Robot Industry Park, and Beijing Artificial Intelligence Public Computing Platform will begin this year. The research and development and industrialization expansion plan of North Huachuang Semiconductor Equipment will be further accelerated.
Anchoring green and low-carbon, the integration of one million tons of ethylene refining and refining in Yueyang, Hunan, and the renovation of refining facilities are about to commence. This project is the largest single investment industrial project in Hunan Province to date. After completion and operation, it will achieve a tax revenue of over 10 billion yuan, drive investment of over 150 billion yuan, and achieve the extension of China's modern petrochemical industry chain downstream and the advancement of the value chain towards the high-end.
Major projects are the hard support for Jiangsu Province to truly lift the main beam. The list of major projects in Jiangsu Province in 2024 highlights the need to expand and strengthen the real economy, with a 32% increase in industrial projects compared to 2023. Among them, there are 245 manufacturing projects, accounting for 87% of the industrial project weight.
We value quantity more in terms of quality and efficiency, volume more in terms of technological and green content, financial and tax contributions more in terms of driving and leading effects, and current output more in terms of future competitiveness. We attach great importance to and actively promote major projects that can stimulate new industries, new models, new driving forces, and develop new quality productivity, as well as projects that, although small in size, can connect the periphery and smooth circulation, and projects that are indispensable for strengthening, supplementing, and extending chains  Jiangsu Provincial Party Secretary Xin Changxing stated.
Investing on the Blade of "Consolidating Industrial Foundations"
"Today's investment is tomorrow's output, which adds momentum to the next step of sustainable development," said Xin Guobin, Deputy Minister of Industry and Information Technology, at a press conference on the development of industry and information technology in 2023 held by the State Council Information Office recently. According to data from the Ministry of Industry and Information Technology, China's industrial fixed asset investment has maintained growth in 2023, with a year-on-year increase of 9%. Among them, the growth rate of investment in the manufacturing industry has shown an accelerating trend since August 2023.
From the recent economic work conferences held in various regions, it can be seen that "expanding effective investment" is an important part of deploying and doing a good job in local economic work in 2024. Various regions have been focusing on the landing of major project investments, allowing funds to be spent on "consolidating the industrial foundation", "cultivating new quality productivity", and "filling the gaps in the industry".
The field of technological innovation has always been a focus of investment in Beijing every year, accounting for one-third of the 300 municipal key projects. The reporter learned that in building the world's major scientific center and innovation highland, Beijing will promote the construction of all "14th Five Year Plan" scientific and technological facilities and platforms such as human organ physiological and pathological simulation devices this year, build the Beijing General Artificial Intelligence Innovation Park, national high-end instrument and sensor industry base, start construction of the Shenzhou Cell Biopharmaceutical Industrialization Base, and promote the proportion of investment in "three cities and one area" to over 40% of the city's investment.
Focusing on key areas and weak links, Ningxia will focus on investment management in 2024, leverage the role of capital leadership, and enhance the driving role of key field projects around new energy, new materials, advanced manufacturing and other new productive forces. At the same time, we will accelerate the filling of gaps in public health, ecological and environmental protection, and promote the construction of major projects such as new infrastructure, transportation, water conservancy, and energy.
Yunnan Province has made it clear that efforts should be made to tap into investment potential, expand areas, and improve efficiency, plan and reserve a batch of high-quality projects, stimulate the vitality of private investment, implement factor guarantees, expand effective demand, and accelerate the construction of major projects.
Private investment is an important force in expanding domestic demand and promoting economic development. In addition to promoting major government led project investments, various regions are also continuously stimulating the potential for private investment in the New Year's "economic competition". In early January, the Development and Reform Commission of Zhengzhou City announced the first batch of projects recommended to private capital in 2024. This batch of recommended projects has a total of 44 projects with a total investment of 100.1 billion yuan, covering industries such as industrial parks, transportation infrastructure, logistics infrastructure, urban organic renewal, and new infrastructure.
Foreign funded enterprises adding bricks and tiles
The latest data shows that in 2023, China's actual use of foreign investment reached 1.13 trillion yuan, with 53766 new foreign-invested enterprises established nationwide, a year-on-year increase of 39.7%, all at historical highs. Industry experts told reporters that China's manufacturing industry will continue to be a hot spot for foreign investment this year.
At the beginning of the new year, multinational corporations are increasing their presence in the Chinese market.
Ma Teng, the global head of ABB Electric's business, arrived in Xiamen for the first stop of his New Year business trip. He announced that the company will increase its investment in China by $100 million over the next three years, for low-carbon technology research and development, intelligent manufacturing upgrades, and low-carbon empowerment of the industrial chain. This year, he came to China earlier than usual.
"Last year I visited China three times, and this year I am sure there will be more because China is developing rapidly. We must keep up with this market and cannot leave for too long." Ma Teng said, "It is because we value the new growth opportunities generated by China's promotion of industrial innovation and upgrading and low-carbon green development that ABB needs to start early in order to maintain its leading pace.".
The high-tech industry continues to become a hot spot for foreign investment. Recently, the Zhongguancun Deutz hydrogen internal combustion engine joint venture project with a total investment of 600 million yuan has landed in the Beijing Economic Development Zone; In Taicang, Jiangsu, Mubel Group from Germany signed a contract to invest 100 million US dollars in the construction of a green new energy vehicle port project.
With a super large market, high-quality talents, industrial supporting capabilities, good infrastructure, and stable social environment, multinational corporations have continued to have a positive outlook on China's development prospects in recent years, and investment enthusiasm has not diminished. Behind the "real gold and silver" investment of foreign investors lies their fervent expectation for the stability of the Chinese market and their confidence in the prospects of China's macroeconomic development.
Planting a plane tree attracts a phoenix. While attracting effective investment from foreign enterprises, it is also essential to build a good business environment. Yang Ping stated that in the process of organizing the concentrated commencement of major industrial projects, policy guarantees are indispensable, which will help the government continuously improve its ability to optimize the business environment.