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MIIT: Strive to stabilize mass consumption of automobiles and consumer electronics

On March 23rd, China's Ministry of Industry and Information Technology (MIIT) held a forum for key industry associations, emphasizing the need to give full play to advantages and implement policies based on industry, guide enterprises to increase investment in equipment upgrading and transformation, actively establish a production and marketing docking platform, strive to stabilize mass consumption of automobiles, consumer electronics and others and work hard to expand consumption of household appliances and green building materials. The forum also noted that China should promote the optimization and upgrading of the industrial system, accelerate the transformation and upgrading of traditional industries, consolidate the leading position of advantageous industries such as new energy vehicle industry, photovoltaic industry, mobile communications industry and electric equipment industry, cultivate and expand emerging industries such as new energy industry and new material industry, and proactively make layout for future industries.