Ministry of industry and information technology: about 40percent of foreign-funded enterprises say they need to increase investment in China

category:Finance
 Ministry of industry and information technology: about 40percent of foreign-funded enterprises say they need to increase investment in China


The Information Office of the State Council held a press conference at 10 a.m. on Wednesday, May 20, 2020. Miao Wei, Minister of the Ministry of industry and information technology, introduced the situation of promoting epidemic prevention and control, industrial transformation and upgrading as a whole, and promoting the stable development of the communication industry in the manufacturing industry, and answered questions from reporters.

Miao Wei, Minister of the Ministry of industry and information technology, said that we should pay attention to and care about the industrial chain, but do not politicize it too much. I believe that all entrepreneurs will have a right judgment and a right choice. Maybe a person will come up with a case that a certain product has been transferred from China to other countries, but every day there are also many foreign enterprises to invest in China. In a recent survey, about 40% of foreign-funded enterprises said they would increase their investment in China in the near future.

Attached with the actual record of the press conference (source: china.com)

Hu kaihong:

Miao Wei:

Ladies and gentlemen, friends from the media, good morning.

This year, in novel coronavirus pneumonia, the national industrial and information system has conscientiously implemented the general secretary Xi Jinpings important instructions and spirit. He has made overall efforts to prevent and control the epidemic and develop the economy and society in accordance with the Central Committees plan for the deployment of the leading group on epidemic prevention work and the joint defense and joint control mechanism of the State Council. The resumption of industrial communications industry has achieved important phased results, which provides a strong guarantee for the decisive results of the Wuhan and Hubei defense wars, and for the major strategic results of the prevention and control of the epidemic.

First, we will make every effort to ensure the production and supply of key medical materials. As the leading unit of the medical material support group of the joint defense and joint control mechanism of the State Council, our department strengthened cooperation with all member units, established a unified management and allocation system for key medical materials, creatively implemented the system of special commissioners in enterprises, organized and promoted the production and capacity expansion of key medical material production enterprises, and achieved the key medical materials in Hubei Province in just over a month From severe shortage to full supply, supply in other regions has also been effectively guaranteed.

The second is to promote the resumption of the whole industrial chain. Under the leadership of the resumption mechanism of the State Council, it took the lead in setting up a special cross sector manufacturing industry chain collaborative resumption class, coordinating and solving the cross sector and cross regional resumption problems, building a docking platform for key industry industry chain, giving full play to the leading enterprises traction role, coordinating and helping enterprises to solve the difficulties of international logistics and transportation, personnel entry and exit, and unblocking the supply chain breakpoint of the industry chain To maintain the stability of the international supply chain. As of May 18, the average operating rate and staff turnover rate of Industrial Enterprises above Designated Size have reached 99.1% and 95.4% respectively, basically reaching the normal level.

Third, we will strive to optimize the development environment for small and medium-sized enterprises. As you all know, the office of the leading group of the State Council for promoting the development of small and medium-sized enterprises is located in the Ministry of industry and information technology. We have given full play to the coordinating role of this office and issued a series of policies and measures to help small and medium-sized enterprises. The peoples Bank of China, the China Banking and Insurance Regulatory Commission and other departments have provided enterprises, especially small and medium-sized enterprises and individual industrial and commercial households, with three reductions in standards and special rediscount of loans The low-cost loans reached 2.85 trillion yuan, and the loan principal and interest of more than 1.1 million small and medium-sized enterprises exceeded 1 trillion yuan were postponed or paid. We will optimize public services, carry out the special action of digital empowerment for small and medium-sized enterprises, and resolutely clear up the arrears of small and medium-sized private enterprises.

Fourth, vigorously promote the development of new industries and new formats. We will actively promote the new generation of information technology support services to prevent and control the epidemic situation and resume production, and vigorously support technological innovation and industrial applications such as 5g, artificial intelligence, industrial Internet, Internet of things, Internet of vehicles, big data and blockchain. Distance education, remote office, online shopping and other forms of business are developing rapidly.

After hard work all over the country, the industrial economic order has been speeded up in the prevention and control of normalized epidemic. However, with the rapid spread of the global epidemic and the significant increase of unstable and uncertain factors, the production and operation of enterprises are still facing great difficulties, and it will take a while for the industrial economy to recover. At the same time, we should also see that the fiscal, tax, financial and other policies that have been issued in the early stage have accelerated their implementation and achieved results, the counter cyclical adjustment policies have made simultaneous efforts, and the significant institutional advantages of our countrys concentrated efforts to do major events, the huge industrial scale, complete industrial system and huge domestic demand market, Chinas industrial economy will show a strong resilience and vitality to cope with the complex and severe situation.

In the next step, we will follow the decision-making and deployment of the Party Central Committee and the State Council, adhere to the general work tone of seeking progress in stability, adhere to the concept of innovative development, adhere to the supply side structural reform as the main line, adhere to the reform and opening-up as the driving force to promote the high-quality development of the industrial communication industry, increase the six stability efforts, and ensure the implementation of the six guarantees task. We will adhere to the strategy of expanding domestic demand, ensure that we accomplish the goal of overcoming poverty, and strive to achieve the goal of building a moderately prosperous society in an all-round way.

The above is a brief introduction to my recent work. Now, my two colleagues and I would like to answer your questions. thank you.

Hu kaihong:

Thank you, Minister Miao, for asking questions.

CCTV reporter:

May I ask minister Miao a question: since April, the growth rate of added value of industries above designated size has changed from negative to positive. Can the industrial economic recovery continue? thank you.

Miao Wei:

Thank you for your question. I find you are very concerned about subtle changes. Since novel coronavirus pneumonia has been brought to a severe test this year, under the firm leadership of the CPC Central Committee and the State Council, the whole country has worked together to promote the work of epidemic prevention and control and economic and social development. Especially since March, with the continuous improvement of domestic epidemic prevention and control effect, the resumption of work and production has been accelerated, and the industrial production order is also accelerating to recover. However, I have to say that the foundation for stability and improvement needs to be further consolidated. Specifically, it has the following characteristics:

First, the speed-up and expansion of resumption of production showed positive changes in the main indicators. The industrial chain coordinated the resumption of work and production. Just now I also introduced that the return to work rate and personnel return rate are close to 100%, basically returning to normal level. With the accelerated release of production capacity after the resumption of work, the market demand gradually picked up, and the added value of industries above Designated Size fell by 4.9% year on year from January to April, which is a negative growth we havent seen for many years. However, April saw a 3.9% increase, down 1.1% from the previous month. From negative to positive, this is a very positive signal.

Second, most industries recovered growth, and the production and supply of raw materials and necessities were generally stable. The growth rate of production in the raw material industry has turned positive, the production in the machinery industry has gradually picked up, and the light industry, textile and other consumer goods industries have continued to recover. Everyone is very concerned about automobile consumption. Driven by the policy of promoting automobile consumption, automobile production and sales increased by 2.3% and 4.4% respectively in April, and the sales volume achieved positive growth for the first time after 21 consecutive months of decline.

Third, the high-tech manufacturing industry is growing against the trend, and the new formats and new models are accelerating growth and expansion. From January to April, the added value of high-tech manufacturing industry increased by 0.5% year-on-year, of which the growth rate rebounded to 8.9% and 10.5% in March and April, respectively. Its growth rate is faster than that of the industry above the overall scale. The recovery of electronic information industry was accelerated. In April, the output of integrated circuit increased by 29.2% and the output of electronic components increased by 59.2%. New business models such as telecommuting, online education and contactless distribution are booming. Take a thermometer for example. The infrared temperature sensor in the thermometer has only tens of thousands of sensors a day in the past, and now it has grown to 500 thousand sensors a day. 500 thousand sensors means 500 thousand thermometers, with the supply of components, which fully meets the needs of epidemic prevention and control at home and abroad, and also drives the rapid growth of small industries.

At present, the domestic epidemic has been effectively controlled, and the main industrial indicators have recovered in April, but the international epidemic is still spreading around the world. Major economies are generally in a serious recession, domestic consumption is still not fully started, there are some special industries, because of the need of epidemic prevention and control, they must not be closed. As we all know, cinemas, game halls and gyms have not been fully restored, and the tourism industry has been greatly affected. We should continue to do a good job in balancing these issues, first hand in epidemic prevention and control, first hand in returning to work and production.

As I mentioned earlier, in the long run, I think we have significant institutional advantages, complete industrial system, huge market demand, and sufficient policy toolbox. The impact of the epidemic on Chinas industrial economy is only periodic and generally controllable, which will not change our basic trend of long-term development. With the introduction and implementation of greater macro policies, the continuous promotion of resumption of production and the effect of various policies to expand domestic demand, we believe that the operation of industrial economy in the second quarter is expected to continue to pick up. If the global epidemic can be gradually controlled and the economy can gradually recover, it is expected that the operation of the industrial economy in the second half of the year will be better than that in the first half. In the face of such a complex situation, we still need to be firm in our confidence, but we need to adhere to the bottom line thinking, do a solid job in the work of six stability, fully implement the task of six guarantees, adhere to the strategy of expanding domestic demand, and strive to achieve the goal of building a moderately prosperous society in an all-round way. thank you.

Reporter of Hong Kong China assessment press:

The central government attaches great importance to the work of six guarantees, one of which is to ensure the stability of the industrial chain and supply chain. What are the impacts of the current spread of foreign epidemics on the stability of Chinas industrial chain and supply chain? How does the Ministry of industry and information technology promote the resumption of industrial chain and ensure the stability of the industrial chain and supply chain of key industries? thank you.

Miao Wei:

Thank you for the question. Indeed, due to the spread and impact of the international epidemic, our work to ensure the stability of the industrial chain and the supply chain is now facing great challenges. But we also see that the general trend of international economic integration formed after the war has not changed. Our country has actively integrated into the division of labor system of international industry in the 40 years of reform and opening up, which has played a huge role. Because the industrial chain has economic laws in the world, it does not transfer with the will of some people, let alone more political factors. What are the economic laws? Because it is generally close to the big market to lay out its own industrial chain, and generally will choose a relatively low cost place to set up their own enterprises.

As far as the industrial system is concerned, the big one has a large industrial chain, and the small one also has a small industrial chain. For example, the automobile is composed of several major general contractors, which are also composed of parts and components. The parts and components are related to materials and processes, and they all have a large and small industrial chain. So the integrity of industrial system and manufacturing system is also a very important factor. If there is no steel or non-ferrous metal in our country, it will be quite difficult to make parts independently.

In addition, there is also an international logistics and transportation, as well as unilateralism and trade protectionism caused by the current epidemic. Enterprises will calmly consider these factors. We should pay attention to and care about the issue of industrial chain, but do not politicize it too much. I believe that all entrepreneurs will have a right judgment and a right choice. Maybe a person will come up with a case that a certain product has been transferred from China to other countries, but every day there are also many foreign enterprises to invest in China. In a recent survey, about 40% of foreign-funded enterprises said they would increase their investment in China in the near future.

On the whole, Chinas industrial system is complete, and its industrial chain is complete. Especially, China is a big market. The temptation is huge. Whoever ignores this objective law and violates it will be punished by the law. In addition, there are few products in the industrial chain that can be completely supplied by an exclusive enterprise in the world. It is possible that if you transfer, other enterprises will come in. If the lost market wants to take it back again, it will take double efforts. I think many journalists and friends have read the novel besieged city, people in the city want to go out, people outside the city want to come in, which is a normal situation, so we are still full of confidence in the stability of industrial chain and supply chain. Chinas big policy of opening up remains unchanged. We are against trade protectionism and unilateralism. Chinas position is very clear.

In addition, to do a good job, the government should set up the idea of serving enterprises. We should create a better business environment, create a fair competition market order, protect intellectual property rights, and crack down on illegal practices. I believe that entrepreneurs will make a right choice. thank you.

Reporter from Tokyo TV:

My question is about the new infrastructure. First, what is Chinas plan for new infrastructure investment? Does China think such investment will have a positive impact and a strong boost to Chinas economic recovery after the outbreak? Second, do you think there are some risks in the investment of new infrastructure? How does China assess these risks? thank you.

My colleague, Mr. Wenku, is invited to answer this question.

Thank you for your question. From the perspective of the Ministry of industry and information technology, the focus of our current development is digital infrastructure. Recently, the Ministry of industry and information technology has successively issued documents to promote 5gs accelerated development and the comprehensive development of the mobile Internet of things. It is committed to accelerating the construction and development of digital infrastructure and better playing an important role in stabilizing investment, expanding domestic demand and stimulating economic growth. There are the following aspects:

First, expand effective investment. This is especially about effective investment to promote consumption. Taking 5g network construction as an example, in addition to the large amount of investment in network construction itself, it can also drive the upstream and downstream of the industrial chain, including the R & D and production of relevant equipment and mobile terminals, as well as cultivate and expand new consumption such as online education, smart home and immersive games.

Second, cultivate new models, new formats and new industries. For example, we all see that during the outbreak, 5g and other networks are used to carry out some businesses, such as telemedicine, remote signing, online office, and even our college students, masters students, doctoral students defense, as well as the opening ceremony of the World Health Assembly, the special summit of the leaders of the 20 countries, etc., all of which are conducted with digital infrastructure. Through these new infrastructure, technology will be transformed into productivity, which provides a guarantee for the recovery of economic and social order.

Third, digital empowerment of traditional industries. At present, there are more than 70 platforms with certain regional and industrial influence in the field of industrial Internet. The application depth and breadth in energy, transportation, medical and other industries continue to expand, effectively improving the production efficiency and quality, supporting the digital transformation of traditional industries, and improving the competitiveness and overall development level of traditional industries.

Next, we will, in accordance with the established policies that have been deployed, promptly implement the document policies that have been issued, and strive to build and apply them well, especially not only to build but also to apply our new infrastructure. As you often say, 5g, optical fiber network and data center, these key areas need to make precise efforts to make up for the shortcomings, speed up the process, and lay a solid foundation for the upgrading of the industry and the modernization of the industry chain.

At present, the epidemic prevention and control has achieved phased results. What have we done in medical material support? With the spread of the overseas epidemic, what have we done in terms of export?

Thank you for novel coronavirus pneumonia. The new years outbreak of pneumonia suddenly came. Facing the rapid increase in demand for medical supplies and protective clothing and other shortages in the early stage of the epidemic, under the firm leadership of the CPC Central Committee, the Ministry of industry and Commerce worked closely with the members of the medical supplies support group to mobilize and mobilize all aspects of power, and rapidly increased the ability to guarantee the supply of key medical materials. We have sent special commissioners to the production enterprises to actively help them solve the outstanding problems such as production equipment, raw and auxiliary materials, transportation and logistics, and promoted the introduction of various measures such as financial support, technical reform support, government storage, etc., to accelerate the resumption of production, expand capacity and expand production, fully adjust the production enthusiasm of the enterprises, and realize the rapid improvement of production capacity in a short time.

For example, the daily output of medical protective clothing increased from less than 10000 to more than 700000; the daily average delivery of domestic infrared temperature sensors increased from 15000 in the non epidemic period to 500000. In order to ensure the urgent need, we strengthened the overall management and unified scheduling of medical materials. In the early stage of the epidemic, we strengthened the international procurement of medical materials by urgently transferring the national medical materials reserve, and effectively alleviated the shortage of materials in Hubei Province. We organized the development of the national key medical material support and dispatching platform to scientifically allocate medical protective clothing and other materials, and realized the data monitoring of production capacity, output, inventory and other data of 9 categories and more than 160 kinds of medical materials for nearly 3000 enterprises. According to the epidemic prevention needs of Wuhan, Hubei Province, we strengthened the docking with the front headquarters, and established a three-day rolling supply guarantee scheme.

Since the outbreak, we have provided more than 7.7 million medical protective clothing, more than 2.8 million isolation clothing and surgical clothing, more than 1.6 million medical isolation eye mask masks, more than 2200 tons of killing products, nearly 700000 infrared thermometers, 80000 medical equipment and more than 1000 negative pressure ambulances to Hubei. We have realized the guarantee of important medical materials from shortage to tight balance and then to matching as much as possible.

To add another word here, in the early stage of the outbreak of the epidemic in China, medical protection materials were extremely scarce, and we received sincere help from some countries and international organizations. With the continuous spread of the global epidemic, the demand for medical protection materials in relevant countries is also expanding rapidly. We have made every effort to organize the production of enterprises, on the basis of doing well in the prevention and control of domestic epidemic, to increase the external supply as much as possible, to provide strong support for the world anti epidemic as much as we can, and to effectively support the global anti epidemic.

CNBC reporter:

I have three questions. The first question is about the sales capacity and delivery of new energy vehicles in April. Second, some considerations and plans for the transformation and development of SMIC and chips in the whole manufacturing industry. The third question is about the current return to work of small and medium-sized micro enterprises. thank you.

First, the whole industrial chain will cooperate to resume production. We focus on monitoring and helping 15 automobile and 52 key parts enterprises to return to work synchronously, involving more than 130 enterprises in 26 provinces and cities. In close cooperation with the local government, the two lines of material and personnel return to work and transportation have been established. Focusing on the three key points of production guarantee, product review and capital demand, the company has helped coordinate and solve various practical problems. Through joint efforts of all parties, Chinas automobile production reached 2.012 million in April, an increase of 2.3% over the same period last year. As I mentioned earlier, this is the first positive growth in 21 months.

Third, promote supply and demand docking and ensure the stability of industrial chain and supply chain. We have established an information platform for the supply and demand docking of the industrial chain. Since the platform was launched on March 10, the number of clicks on the platform has exceeded 29000 times. All the problems that seven vehicle enterprises reflected the matching needs of 23 parts have been solved in coordination. In order to solve the risk of supply interruption of imported parts caused by the impact of the international epidemic, we coordinated with relevant departments to solve the problems encountered in international procurement, such as transportation problems, rising freight, long customs declaration cycle, etc. Since February this year, we have also actively studied and put forward policies and measures to stabilize and expand automobile consumption. Under the deployment of the State Council, various departments have introduced implementation time to adjust national six emissions, such as improving financial and tax support policies related to the purchase of new energy vehicles, such as accelerating the elimination and scrapping of old diesel vehicles, such as unblocking the circulation and trading of second-hand vehicles, such as using Good policy measures such as automobile consumer finance. At the local government level, more than 10 provinces and cities, such as Guangdong, Shanghai and Beijing, have issued specific support policies, which effectively promoted the recovery of Chinas auto sales volume. In April, the sales volume reached 2.07 million units, up 4.4% year on year.

We firmly believe that under the strong leadership of the Party Central Committee and the joint efforts of all parties, we will be able to achieve the stable and healthy development of the automobile industry. thank you.

There are also problems with SMIC. SMIC is a listed company. The first quarters monthly report has just been released. All detailed information has been disclosed in the quarterly report. It is not difficult to understand its situation. I may know as much as you do. thank you.

Let me give you a brief report. With the joint efforts of all parties, at present, the return to work rate of small and medium-sized enterprises is steadily increasing, which may be a little lower than the overall industry, but it is also rising relatively fast. According to our departments big data monitoring results of some cloud platforms, by May 18, the return rate of small and medium-sized enterprises across the country had reached 91%, and all industries were higher than this, close to 100%. There are three characteristics of small and medium-sized enterprises returning to work:

First, from the perspective of industry situation, the return rate of secondary industries such as manufacturing and construction industry is 93%, higher than 90% of productive service industry. The return rate of productive service industry is higher than that of life service industry. For example, the return rate of accommodation and catering industry is the lowest, about 87% at present. The gap between different industries is further narrowing.

Second, from the perspective of regions, the return to work rate is steadily increasing in all regions. The return to work rate in 20 provinces has exceeded 90%, and the recent rise rate in Hubei Province is also very fast.

Or more interested in small and medium-sized enterprises. Some media reports say that the impact of the epidemic on the economy, especially on small and medium-sized enterprises, is relatively large. What measures should China take to help small and medium-sized enterprises in their rescue? thank you.

Miao Wei:

What you said is very accurate. The epidemic has had a negative impact on all enterprises, but the impact on SMEs is far greater than that of other large enterprises. The Party Central Committee and the State Council attach great importance to the development of small and medium-sized enterprises, because small and medium-sized enterprises are related to the stability of the industrial chain, and more to the issue of employment. A large number of employment is in small and medium-sized enterprises. General secretary Xi Jinping made numerous important instructions and instructions, emphasizing the need to increase support for key industries and small and medium-sized enterprises. The State Council has held executive meetings for many times, and vice premier Liu He has also presided over the leading group meeting to promote the development of small and medium-sized enterprises, with special arrangements to increase support for small and medium-sized enterprises. All departments and localities have also launched a set of combined fist to help small and medium-sized micro enterprises. According to one reporter, the central government has issued 200 policies to support small and medium-sized enterprises, and the local government has issued more policies and measures.. There are several aspects to sum up:

First, we will increase tax cuts and reduce fees, and reduce the burden on enterprises. Increase the reduction and exemption of value-added tax for small and micro enterprises and individual businesses. For small and medium-sized enterprises in transportation, catering, tourism and other industries that are greatly affected by the epidemic, the period of loss carry forward has been extended from the past five years to eight years. In addition, three social security fees for various enterprises in the first half of the year have also been reduced. This alone has reached 600 billion yuan. The biggest beneficiary is small and medium-sized enterprises. The transportation department has also exempted toll road tolls, totaling more than 140 billion yuan. In the first half of this year, we reduced the burden of enterprises by 67 billion yuan.

Second, increase financial support to ensure that small and medium-sized enterprises will not be in trouble due to the interruption of cash flow. The peoples Bank of China has lowered the standard, released 1.75 trillion yuan of funds, provided low-cost loans to small and medium-sized micro enterprises and individual industrial and commercial households by means of special re loans and redistributions, etc., reaching 2.85 trillion yuan, and extended the repayment of principal and interest to over 1 million small and medium-sized micro enterprises with over 1 trillion yuan of loan principal and interest. These are policies to support the financial aspects of small and medium-sized enterprises.

Third, optimize government public services and promote entrepreneurship and innovation. During the epidemic, we carried out online training of enterprise micro course to provide free policy, technology and management for small and medium-sized enterprises. At the same time, the implementation of small and medium-sized enterprises digital empowerment special action, to help small and medium-sized enterprises through the application of digital technology to reduce costs, expand the market, stable employment. Since the outbreak, we have also guided the service agencies of small and medium-sized enterprises in various regions to hold more than 26000 activities for small and medium-sized enterprises, and carried out one-to-one services for more than 2.3 million times, serving nearly 5.93 million small and medium-sized enterprises.

Next, we will continue to give full play to the role of the leading group office of the State Council in promoting the development of small and medium-sized enterprises, adhere to the direction of marketization, and work with relevant departments to strengthen classified guidance and precise assistance for the existing problems of small and medium-sized enterprises. On the one hand, we should pay close attention to the implementation of various preferential policies and measures, further increase financial support for small and medium-sized enterprises, and intensify efforts to clear up the arrears. At the same time, we should regulate the fees of small and medium-sized enterprises, so that the majority of small and medium-sized enterprises can get a real sense of access. On the other hand, we should continue to cultivate the endogenous vitality and power for the survival and development of small and medium-sized enterprises, because external factors are the conditions for change, and internal factors are the basis for change. We should guide small and medium-sized enterprises to focus on subdivisions, strive to take a special and new development path, be able to specialize in and concentrate on the industries and industries they are good at, and be able to develop their strengths and avoid weaknesses, and overcome their own disadvantages, Play a good role. thank you.

CCTV reporter:

My question is about communication. Just now, Minister Miao mentioned that the new formats and modes of remote office generated by the epidemic are developing vigorously. Now, with the epidemic prevention and control entering the normalization, I would like to ask the Ministry of industry and information technology how to better play the important role of information and communication technology, especially 5g, and how to promote these new technologies to enter thousands of households and integrate into thousands of industries. thank you.

Miao Wei:

Wen Ku:

Thank you for your question. At present, the situation of national epidemic prevention and control is expanding, and the resumption of work is also in a strong and orderly manner. Information and communication technology provides effective support and services for epidemic prevention and control and resumption of work. There are the following aspects:

First, the worlds leading network capacity in this epidemic prevention and resumption of production, to ensure a comprehensive centralized use of the network. Thanks to the moderately advanced network construction in recent years, we started the emergency response mechanism in time during the epidemic. In the face of the sudden comprehensive and centralized use of the network, there was no extreme congestion in some countries like some news reports, ensuring the stable operation of various online applications.

The second is to serve epidemic prevention and control precisely with industry responsibility. We are racing against time, especially we have reported a lot of construction facilities of huoshenshan and leishenshan, but at the same time, the hospital has a series of network communication systems covering the hospital, which are built synchronously. The operation enterprise has built tower repair base station in the national key medical places to provide support for remote consultation and remote visit. The Ministry of industry and information technology, together with the communication industry, has reduced telephone charges and presented traffic for students, teachers and medical staff assisting Hubei Province, actively connected and optimized the network performance of online education platform, and guaranteed the worlds largest classroom -- 200 million teachers and students to close classes without stopping school. Give full play to our industry advantages, carry out monitoring and analysis with big data, serve for epidemic risk assessment and precise prevention and control.

The third is to speed up the resumption of work and production with the integration of various applications. During the epidemic period, all kinds of information and communication technologies and new applications characterized by no meeting and little contact were rapidly promoted. In addition, while promoting the new mode of return to work and production, we will accelerate the transformation and upgrading of traditional industries. This sudden application provides us with a number of valuable experience that can be copied and promoted.

Next, we will further promote the development of information and communication industry from the following aspects. First, we need to build a good road and strengthen the solid foundation of the network. As the saying goes, if you want to be rich, build a road first, the information and communication network is an invisible high-speed road. We will continue to improve the network capacity, build high-quality networks, especially speed up the construction of 5g, data center and other communication infrastructure, promote the gigabit optical fiber network and large-scale data center, and build an information superhighway network integrating everything, human-computer interaction and heaven and earth.

Second, build a good car and cultivate a new engine for economic development. After the road has been repaired and widened, there are still cars to run. We will seize the opportunity of industrial acceleration and shift brought by the epidemic, promote the integrated application of information and communication technology, accelerate the expansion of 5g application from 2c to 2B, accelerate the digital transformation of traditional industries, promote the integrated development of industrialization and informatization in a wider range, deeper level and higher level, so that more industries can be trusted The smooth traffic on the expressway opens a new chapter in the high-quality development of Chinas digital economy.

The third is to transport goods well and drive the rapid growth of information consumption. Road building and sports cars are not the ultimate goal. The ultimate goal is to transport goods, so as to stimulate economic growth. On the one hand, we will accelerate the cultivation and expansion of new consumption, such as Ultra HD live broadcast, cloud conference and cloud tourism, which have been shown during the epidemic, and promote consumption upgrading. On the other hand, we will continue to increase innovation in information and communication technology, expand new forms of information services, promote the R & D and scale application of smart terminals such as 5g mobile phones, drive the sustained and rapid growth of information consumption, enhance the resilience of Chinas economy, and support the sustainable and prosperous development of the economy and society. thank you.

China mining news:

At present, the industrial economic order is speeding up to recover, but there is a data, from January to April, the investment in Chinas mining industry dropped significantly, reaching 9.2%. Among them, in addition to the stable investment in coal, the investment in black, non-ferrous and non-metallic industries has declined significantly. What is the reason? One is to speed up the recovery, the other is to reduce investment. Will there be a sharp rise in the price of raw materials? What are the suggestions for related industries and enterprises? thank you.

Thank you for your question. Indeed, as the journalist friend said, investment in mining industry in ferrous, non-ferrous and non-metallic mines fell from January to April, down 13% year-on-year. The main reason is that most of the mines are located in remote and remote areas. Affected by the epidemic situation, it is difficult for people to return to work and return to work relatively slowly. In addition, with the slowdown of downstream demand growth, the willingness of mining enterprises to invest has also been affected to some extent. I remember in the late February, I specially connected with Yichang, Hubei Province, to start the production of phosphate fertilizer spring ploughing and preparing for ploughing. They also reflected that Hubei is a province rich in phosphate ore resources. The biggest difficulty encountered at that time was the difficulty of personnel returning to work and the difficulty of mine transportation out of the province. This is a typical example.

As for the recent orderly promotion of domestic resumption of production, I think the decline of mine investment will be eased. Take the ratio of investment from January to April. Although the investment from January to April is also declining, the decline rate is 5.8 and 23.3 percentage points lower than that in January and February. The trend is from negative to positive. As for whether it will bring about a substantial increase in price, I dont think so, because the price of raw materials and ore depends not only on the price of its own mines, but also on the international ore price. Moreover, most of the mines we rely on are imported, and the proportion of domestic mines is less than 50%. In addition, in recent months, we have also found that with the increase of resumption of production, there is also a lack of effective demand. In this case, the situation of production exceeding demand still exists. In this case, there is no room and possibility for a substantial price rise. For the future, we should also be confident that, in accordance with the requirements of epidemic prevention and economic and social development, as long as domestic demand is really activated, I believe it will return to the normal level before the epidemic. thank you.

Hu kaihong:

Hong Kong Economic Herald:

What is minister Miaos view on the risk that enterprises that have resumed production under the global epidemic may face another reduction of production and shutdown? What are the countermeasures? thank you.

Miao Wei:

As I said at the beginning, the general policy is to start domestic demand, especially the demand for effective consumption, and use domestic demand and consumption to drive economic growth. There are risks. After resumption of production, production will be reduced or even stopped. But our general response is to start domestic demand quickly to make up for the negative impact of foreign demand. This is the general situation. As for the specific policies to support small and medium-sized enterprises, some policies by industry have been mentioned before, and I will not repeat them here.

Hu kaihong:

The national two sessions will be held soon. During the two sessions, the Information Office of the State Council will continue to hold press release activities. Welcome to participate at that time. This concludes todays press conference. Thank you, Minister Miao. Thank you, two speakers. Thank you.