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A production line at an LED lighting factory in Dongguan City in south China's Guangdong Province. /CFP
China is aiming to promote the steady growth of the electronic information manufacturing industry, according to a plan jointly issued by the Ministry of Industry and Information Technology and the Ministry of Finance.
The country is expected to see the average value-added growth of the computer, communication, and other electronic equipment manufacturing sectors kept at about 5 percent from 2023 to 2024, said the plan.
The combined operating revenue of major enterprises should top 24 trillion yuan (about $3.34 trillion) during the period, the document said.
In expanding effective demand, the plan stressed efforts to bolster traditional electronic consumer goods and cultivate new growth drivers by promoting technology and product innovation.
China will optimize the export structure of electronic apparatus, lift the proportion of high-value-added products in total exports, and encourage enterprises to participate in international exhibitions to stabilize the foreign trade of the sector.
China is a major producer of electronic equipment, and the country's fixed-asset investment in the electronic information manufacturing industry grew 9.4 percent year on year during the first half of 2023.
(With input from Xinhua)
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Copyright © 2023 CGTN. 京ICP备16065310号
Disinformation report hotline: 010-85061466