Govt plans more measures to stabilize industrial growth

China will take more steps to stabilize industrial growth with a focus on key industries and areas, and the country has full confidence in the steady recovery of industrial economy, the top industry regulator said on Sunday.

Jin Zhuanglong, minister of industry and information technology, said more efforts will be made to bolster the growth in major sectors, such as electronics, automobiles, iron and steel, non-ferrous metals and petrochemicals, and ramp up investment in the manufacturing sector.

Jin made the remarks on the sidelines of this year's two sessions, calling for more push to expand the consumption of big-ticket items such as new energy vehicles, and promote consumer spending on intelligent home appliances in rural areas.

China will make more efforts to speed up the transformation and upgrading of traditional industries, which play a vital role in building a modern industrial system, he noted.

Moreover, accelerated steps are needed to achieve breakthroughs in basic components, software and materials, as well as promote the development of high-end equipment and intelligent manufacturing.

China's industrial output, a key economic indicator, rose 3.6 percent year-on-year in 2022, as the country's industrial production continued to rebound steadily, according to the National Bureau of Statistics. 

Notably, the output of high-tech manufacturing and equipment manufacturing soared 7.4 percent and 5.6 percent year-on-year, respectively, said the NBS.