On the 21st, the Ministry of Industry and Information Technology, the National Development and Reform Commission, and the State owned Assets Supervision and Administration Commission of the State Council jointly issued the "Notice on Consolidating the Trend of Recovery and Boosting the Industrial Economy" (hereinafter referred to as the "Notice"), proposing 17 specific measures from five aspects: consolidating the foundation of industrial economic stabilization through multiple measures, strengthening the stable development of key industries through segmented policies, promoting the coordinated development of industrial economy in various regions through segmented policies, continuously enhancing the vitality of enterprises through segmented policies, and providing safeguard measures.

The Notice proposes five key measures to stabilize growth in response to the prominent contradictions and difficulties faced by the current industrial economy operation, focusing on boosting consumption, promoting investment, stabilizing exports on the demand side, and smoothing the economic cycle; In response to structural constraints such as bottlenecks in key links and insufficient support for new growth points on the supply side, efforts will be made to promote the strengthening of the supply chain and accelerate the cultivation of new driving forces. One is to accelerate the construction of major projects to form physical workloads. Effectively and orderly promote the implementation of major engineering projects related to the "14th Five Year Plan" for the manufacturing industry, make good use of various policy tools, support investment in equipment renovation and transformation of enterprises, and guide government investment funds to increase their investment. The second is to tap into market potential and expand consumer demand. Stabilize bulk consumption such as automobiles, deepen the nationwide promotion of consumer goods "three products" series activities, and tap into the potential of green consumption and information consumption. The third is to stabilize the export of industrial products. Implement stable foreign trade policies and measures, strengthen service guarantees for foreign trade enterprises, and support the development of new forms of foreign trade. The fourth is to enhance the resilience and safety level of the industrial and supply chains, guide enterprises to cope with the impact of the epidemic and achieve stable production, and strengthen the supply guarantee of energy, important raw materials, and key components. Fifth, we will continue to strengthen new driving forces, vigorously cultivate advanced manufacturing clusters, promote the deep integration of new generation information technology and manufacturing, and accelerate the development of the digital economy.

The Notice requires seizing the important window period of economic recovery, placing stability in the industrial economy in a more prominent position, strengthening goal orientation, problem orientation, and result orientation, consolidating main responsibilities, gathering forces from all parties, focusing on expanding demand, promoting circulation, assisting enterprises, strengthening momentum, and stabilizing expectations, ensuring that the industrial economy operates within a reasonable range in the fourth quarter of 2022, maintaining the basic stability of the proportion of manufacturing industry, and laying a solid foundation for achieving "stable opening" and accelerating the promotion of new industrialization in 2023.