China industrial sector Large-scale equipment upgrades are accelerating
In the first three months of this year, under the continuous efforts of the "two new" policies, large-scale equipment updates in my country's industrial field have been accelerated, which has not only driven investment growth and promoted industrial development, but also played an important role in releasing domestic demand potential and promoting green transformation.
At the construction site of the Sichuan-East Gas Transmission Project under construction, my country's independently developed fully automatic welding inspection robot for oil and gas pipelines officially started work. This intelligent welding system replaces the traditional manual welding machine method, and the welding pass rate reaches more than 98%.
In Xinjiang, many mining companies have updated their intelligent mining equipment. The investment in new equipment has not only improved the safety of personnel, but also increased production efficiency by 20% compared with the past.
Data shows that in the first quarter of this year, the amount of machinery and equipment purchased by enterprises nationwide increased by 11% year-on-year, and the trend of high-end, intelligent and green upgrades was obvious. At present, the Ministry of Finance has arranged 500 billion ultra-long-term special treasury bonds, which are specifically used for equipment updates and consumer goods replacement. This year, in addition to continuing to update equipment in the fields of industry, energy-consuming equipment, energy and electricity, my country will further expand the scope to electronic information, safe production, and facility agriculture. At the same time, places with conditions are encouraged to use industrial parks and industrial clusters as carriers to deploy and implement equipment upgrades on a large scale.
The Ministry of Industry and Information Technology stated that by 2027, the scale of my country's industrial equipment investment will increase by more than 25% compared with 2023, the CNC rate of key processes will reach 75%, and digital transformation will be fully covered in major industrial provinces and key parks.
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