Enterprises in traditional industries

China's leading large enterprises in the world are mainly distributed in traditional industries such as energy, minerals, metallurgy, real estate, transportation, banking and so on, and there are few in high-tech industries.

China has established a large-scale and complete industrial system, but the development between regions is uneven and the development between different links in the industrial chain is not sufficient. First, the imbalance of industrial development is not sufficient. Overcapacity and insufficient capacity coexist in many industries, and a large amount of capital is concentrated in some areas, resulting in serious overcapacity. At the same time, many areas have insufficient production capacity and rely heavily on imports.

Second, the imbalance of regional development is insufficient. The development level of different regions is quite different. Some eastern coastal areas have entered the late stage of industrialization, while some central and western regions are still in the early stage of industrialization. In the process of development, the phenomenon of industrial homogenization and low-level repeated construction is prominent in the late-developing areas, which will not only waste resources and environment, but also be detrimental to the promotion of the domestic great cycle.

Third, the imbalance of enterprise development is not sufficient. For example, in 2022, there were 145 enterprises in China among the top 500 companies in the world, among which 16 top 50 enterprises were basically located in traditional industries, while most of the top 50 enterprises in the United States were located in high-tech industries.

Policy suggestions for building a modern industrial system;

First, give priority to the development of advanced manufacturing industries. Manufacturing plays a vital role in the development of national economy, and almost all economic powers in the world are manufacturing powers.

Second, adhere to the innovation-driven development strategy. We will further implement the innovation-driven development strategy, promote scientific and technological innovation, industrial innovation, enterprise innovation, market innovation, product innovation, business innovation and management innovation, and accelerate the formation of an economic system and development model with innovation as the main guide and support.

Third, vigorously promote coordinated development. Deepen the reform of the financial system, enhance the ability of finance to serve the real economy, guide more capital inflows and serve the development of the real economy, and give full play to the important role of finance in promoting industrial transformation and upgrading.

Fourth, deepen high-quality opening up. Give play to the role of free trade pilot zones, free trade ports and other open platforms, deeply integrate into the global industrial chain supply chain, improve China's position in the international division of labor system, and enhance the international competitiveness of industries.