China's MIIT stresses stable growth, 15th Five-Year Plan at industrial economy symposium
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On September 14, China's Ministry of Industry and Information Technology (MIIT), led by Vice Minister Xin Guobin, held a symposium in Beijing with representatives from 11 provinces to discuss industrial economic performance. The meeting reviewed current conditions and formulated work plans for the 2027 economic agenda. It noted that the industrial economy has advanced steadily toward innovation and higher quality. Going forward, the ministry emphasized aligning with central leadership's judgments, upholding stability while seeking progress, unlocking domestic demand, accelerating major projects under the 15th Five-Year Plan, strengthening international competitiveness of industrial products, improving enterprise services, and boosting social and business confidence. The meeting called for a problem-oriented approach, enhanced policy coordination, focus on key industries and regions, supply-demand balance, removal of circulation bottlenecks, and integrated development of large, medium, and small enterprises. It also stressed upgrading industrial quality, transitioning between old and new growth drivers, cultivating emerging industries, accelerating AI development, strengthening capacity governance with tailored policies, and safeguarding safe development and stable industrial and supply chains. Provincial officials from Hebei, Jiangsu, Zhejiang, Anhui, Fujian, Shandong, Henan, Hubei, Hunan, Guangdong, and Sichuan attended.
Source report
Beijing, September 14 — Xin Guobin, Member of the Party Leadership Group and Vice Minister of Industry and Information Technology (MIIT), chaired a symposium in Beijing with representatives from selected provinces to discuss industrial economic performance. The meeting aimed to understand current industrial economic conditions across regions, analyze and assess the overall situation, and formulate work plans for the 2027 economic agenda.
Key Observations
The meeting noted that since the beginning of this year, the industrial economy has advanced steadily, moving toward innovation and higher quality. Going forward, it is essential to align thinking and actions with the Central Committee of the Communist Party of China’s scientific judgments and policy decisions regarding the economic situation.
Strategic Priorities
Participants emphasized the need to:
- Uphold the general principle of seeking progress while maintaining stability
- Place greater emphasis on promoting stable operation of the industrial economy
- Intensify efforts to unlock domestic demand potential
- Accelerate the implementation of major projects under the 15th Five-Year Plan
- Continuously strengthen the international competitiveness of industrial products
- Improve enterprise services and boost confidence among society and businesses
- Spare no effort to achieve annual targets
- Strive for a strong start to the 15th Five-Year Plan period
Work Plan for Q4 and 2027
The meeting stressed that to effectively carry out industrial economic work for the fourth quarter and 2027, the following measures must be adopted:
- Adopt a problem-oriented approach
- Enhance overall planning and policy coordination
- Focus on key industries and regions
- Coordinate supply- and demand-side efforts
- Consolidate the foundation for continued improvement in economic performance
- Ensure high-quality completion of all objectives and tasks under the 15th Five-Year Plan according to schedule
Specific Actions Required
- Supply-Demand Balance: Strengthen supply-demand balance, remove bottlenecks in the circulation between supply and demand, and promote integrated development among large, medium, and small enterprises
- Industrial Upgrading: Accelerate efforts to upgrade industrial quality and efficiency, ensure smooth transition between old and new growth drivers, actively cultivate emerging industries and new tracks, and speed up the development and application empowerment of artificial intelligence
- Capacity Governance: Strengthen capacity governance by tailoring policies to local conditions, emphasizing differentiated development, identifying precise policy leverage points, and fostering a favorable ecosystem for industrial growth
- Safe Development: Firmly safeguard the bottom line for safe development, integrate safety requirements throughout industrial development, technological innovation, and international cooperation, deeply participate in global industrial division of labor and cooperation systems, and ensure stable operation of industrial and supply chains
Participants
At the meeting, heads of industry and information technology authorities from 11 provinces—Hebei, Jiangsu, Zhejiang, Anhui, Fujian, Shandong, Henan, Hubei, Hunan, Guangdong, and Sichuan—shared their experiences and insights. Relevant department heads from MIIT also attended the meeting.
Source
财联社Eastern
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China’s MIIT holds symposium with 11 provinces, sets 2027 industrial economy agenda