1. International environment remains complicated and challenging. The global economy is now in a period of moving toward new growth drivers, and the role of traditional engines to drive growth has weakened. Despite the emergence of new technologies such as artificial intelligence and 3D printing, new sources of growth are yet to emerge, and the global economy has remained sluggish. Anti-globalization sentiment and protectionism are on the rise, bringing more uncertainties.
2. Innovative development path remains to be explored. As there is no off-the-shelf experience to draw from in terms of transforming and upgrading the manufacturing sector and achieving the shift between new and old driving forces, we have to rid ourselves of dependence on traditional ways of development. There is still a long way to go when dealing with issues such as how to cultivate new industry and transform the old one, stabilize growth and adjust structure , and to address the balance of government guidance and market role.
3. Market forces need to be allowed to play a more effective role. Faced with pressure from economic downturns, some regions and sectors are in a rush to promote investment and stabilize growth. Meanwhile, we need to be fully aware of issues like the decrease of investment, particularly private investment in the manufacturing sector, and the extreme pressure that some manufacturing companies face in production and operation. Necessary policies and measures must be developed promptly to provide effective guidance.