At the State Council Information Office press conference on April 18, Xie Shaofeng, Chief Engineer of the Ministry of Industry and Information Technology (MIIT), disclosed that key industries performed robustly and with enhanced quality in the first quarter. Notably, the equipment manufacturing industry emerged as a vital pillar, registering a 10.9% year-on-year increase in value added, propelling overall industrial production to grow by 3.5 percentage points. Thanks to the "two-focus" and "two-new" policies, the electronics, automobile, and electrical machinery and equipment industries witnessed value added growth exceeding 10%. Furthermore, the raw material manufacturing industry experienced a marked improvement in efficiency, with profits surging 15.3% year-on-year in the first two months.
