Highlights from the Q1-Q3 Industrial Operation Briefing

The State Council Information Office held a press conference at 10:00 AM on October 28, 2010, in its press conference hall. Zhu Hongren, Chief Engineer and Spokesperson of the Ministry of Industry and Information Technology, introduced the operation of the national industry and communication industry in the first three quarters, progress in eliminating backward production capacity, and interpreted current hot and difficult issues in the industrial sector, and answered reporters' questions. The following is a summary of the highlights from the press conference:

• MIIT: Absolutely no power cuts in the name of emission reduction that affect the public
• MIIT: Some provinces have proactively raised the standards and scope for eliminating backward production capacity
• MIIT: Full-year industrial value-added growth is expected to reach 14.5% year-on-year
• MIIT: The blind expansion of high energy-consuming industries has been initially curbed
• MIIT: All regions have basically completed this year's task of shutting down backward production capacity
• MIIT: Formulating inspection and assessment measures for eliminating backward production capacity
• The 12th Five-Year Plan emission reduction targets are being determined and will be promulgated after approval by the National People's Congress next year
• Zhu Hongren: The communication industry is developing steadily, and information technology is being widely applied
• Zhu Hongren: Maintaining stable and relatively fast industrial development still faces many difficulties and challenges
• The industrial economy further consolidated its recovery and upward trend in the first three quarters
• MIIT expects full-year industrial value-added growth of approximately 13.5% year-on-year
• Progress in industrial energy conservation, curbing the blind expansion of high energy-consuming industries
• Industrial investment structure is gradually optimizing, with exports achieving relatively fast growth compared to last year
• China hopes to achieve cooperation with other countries on rare earth resources through win-win cooperation
• China's industry completed a cumulative investment of 6.8 trillion yuan in the first three quarters
• Domestic demand-driven growth continued to strengthen in the first three quarters, with automobile sales reaching 13.14 million units
• Deep-seated problems in China's economy have not yet been resolved, and corporate profitability is weakening
• The total number of 3G users nationwide reached 34.99 million, covering most cities
• Mergers and reorganizations are progressing steadily, with 30 million tons of backward ironmaking capacity shut down this year
• As of the end of September, all regions have basically completed this year's task of shutting down backward production capacity
• IPv6 is an important application of the new generation of information technology in China's strategic emerging industries