In the first three months of this year, driven by the continued implementation of the 'Two New' policies, large-scale equipment renewal in China's industrial sector has accelerated. It has not only boosted investment growth and promoted industrial development, but also played an important role in unleashing domestic demand potential and supporting green transformation.

At the construction site of the Sichuan-to-East China Gas Pipeline project currently under construction, China's independently developed fully automatic welding and inspection robot for oil and gas pipelines has officially begun operation. This intelligent welding system replaces the traditional manual welding method, achieving a first-pass welding qualification rate of over 98%.

In Xinjiang, many mining enterprises have upgraded their intelligent mining equipment. The introduction of new equipment has not only improved personnel safety, but also increased production efficiency by 20% compared with the past.

Data shows that in the first quarter of this year, the amount spent by Chinese enterprises on purchasing machinery and equipment increased by 11% year on year, with an obvious trend toward high-end, intelligent and green upgrading. At present, the Ministry of Finance has arranged 500 billion yuan in ultra-long-term special government bonds specifically for equipment renewal and trade-ins of consumer goods. This year, in addition to continuing equipment renewal in fields such as industry, energy-using equipment, and energy and power, China will further expand the scope to electronic information, work safety, and facility agriculture. At the same time, qualified localities are encouraged to use industrial parks and industrial clusters as carriers to deploy and implement equipment renewal on a large scale as a whole.

The Ministry of Industry and Information Technology said that by 2027, China's industrial equipment investment is to grow by more than 25% compared with 2023, the numerical control rate of key processes is to reach 75%, and digital transformation is to achieve full coverage of major industrial provinces and key industrial parks.