The overall construction plan of the Hainan Free Trade Zone highlights the development of smart new energy vehicles, which are regarded as a stimulus to boost the region's advanced manufacturing sector.
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2020-12-18 04:23:51 GMT2020-12-18 12:23:51(Beijing Time) Sina English
Robots weld on the production line in a workshop of Chinese car maker Haima Automobile’s base in Haikou, south China’s Hainan province, Nov. 5. (People’s Daily Online/Wang Chenglong)
During the 13th Five-Year Plan period (2016-2020), China has given strong impetus to supply-side structural reforms and accelerated the establishment of a new modern industrial system that features a great capacity for innovation, excellence in product quality and service, and synergistic coordination, and is friendly to the environment.
From 2016 to 2019, China’s industrial added value increased from 24.54 trillion yuan to 31.71 trillion yuan, registering an average annual growth of 5.9 percent, much higher than the world’s 2.9 percent during the same period, said Xin Guobin, vice minister of the Ministry of Industry and Information Technology (MIIT).