China's new industrialization has accelerated significantly since the 18th National Congress of the Communist Party of China (CPC), said the country's Minister of Industry and Information Technology Jin Zhuanglong on Friday, highlighting its comprehensive system, large number of industrial products, large industrial scale and strong network facilities.

Jin made the remarks at the Ministers' Corridor in the Great Hall of the People in Beijing on the sidelines of the Two Sessions. 

China has a comprehensive industrial system involving all the industrial categories listed in the United Nations' industry classification system, namely 41 major categories and 660 subcategories, said Jin.

The country ranks first in the world in terms of the output for more than 40 percent of the world's 500 major industrial products, he added.

Thanks to its large industrial scale, China's total industrial added value in 2023 was close to 40 trillion yuan (about $5.56 trillion), accounting for 31.7 percent of its GDP. The country's manufacturing industry accounts for over 30 percent of the world's total, ranking first globally for 14 consecutive years, said Jin. 

The minister further mentioned China's strong network facilities, as the country has built the world's largest and most technologically advanced communications network facilities. The number of its 5G base station has reached 3.38 million, providing Gigabit network services in all cities, 5G services in all counties, and broadband services in all villages.