New adjustment of industrial structure policy

After a full two years, after careful consideration, the guiding policy on industrial restructuring during the 11th Five-Year Plan period has finally become an official document from the “Draft for Comment”.
On December 26, 2003, in order to seek the idea of ​​industrial restructuring, the National Development and Reform Commission announced the "Interim Provisions on the Adjustment of Industrial Structure (Draft for Comment)" and "Guidelines for the Guidance of Industrial Structure Adjustment (Draft for Comment)", and began to face the society. ,solicit opinions.
Two years later, on November 9, 2005, Premier Wen Jiabao of the State Council presided over the State Council executive meeting to review and approve in principle the Interim Provisions on Promoting Industrial Structure Adjustment (hereinafter referred to as the "Regulations") and the "Guidance Catalogue for Industrial Structure Adjustment" ( Hereinafter referred to as "Directory").
The drafting process of the document involves almost all the economic functions of the Chinese government. The National Development and Reform Commission, the Ministry of Finance, the Central Bank, the Ministry of Land and Resources, and the Ministry of Information Industry are all listed. The relevant departments of industry and commerce, taxation, etc. have also actively "suggested."
According to the NDRC's explanation, the “Regulations” are one of the main bases for the state to guide industrial restructuring, guide investment and government investment management departments to manage investment projects. The Catalogue is an important supporting document.
The Catalogue is divided into encouraged, restricted and eliminated projects by industry. Among them, the project “has a high technical content, is conducive to promoting enterprises to adopt new technologies, new technologies and industrial technology advancements, and enhances industrial competitiveness; is in line with sustainable development strategies, is conducive to resource conservation and comprehensive utilization, and improves the ecological environment”. It is listed as an encouragement item.
The person in charge of the Department of Industrial Policy of the National Development and Reform Commission believes that the specific items listed in the Catalogue are encouraged to be oriented to enterprises and investors, and the state will provide preferential policies to support them. However, for restricted industries, it will be restricted. There is an increase in industry, “no new investment is allowed”; a phase-out industry project can be understood as a mandatory reduction of the stock of existing industries.
The person in charge analyzed that the introduction of the document was “having a profound background.” Previously, some industries in China were blindly investing, with repeated construction and overcapacity. "The formulation of the two documents, in a certain sense, is to facilitate enterprises and investors to see the dynamic changes in the situation, so as to make accurate industry adjustments.
The circular economy-related industries have been required by the "Regulations", in accordance with the principle of "decisive and effective, timely and appropriate, differentiated treatment, and pragmatic", strengthen industrial policy guidance, strict market access, control the excessive growth of bank credit, and control land approval management. We will coordinate and cooperate with other macro-control measures to form a joint force, “resolutely curb blind investment in some overheated industries and low-level redundant construction”, and promote industrial restructuring and product upgrading.
This is in line with China's idea of ​​seeking a conservation-oriented society and developing a circular economy.
The core of the circular economy is that resources and energy are invested less, while the output of social products is not decreasing or even increasing. This requires abandoning the extensive mode of operation, improving the efficiency of the use of energy and raw materials, and requiring the associations and interactions between industries to “make the maximum circulation of matter and energy”. However, the irrationality of China's industrial and product structure was an important cause of resource waste, energy consumption and environmental pollution. Therefore, accelerating industrial restructuring is a key factor in the development of circular economy.
The "Eleventh Five-Year Plan" clearly stated that "it must accelerate the transformation of economic growth mode, save resources as a basic national policy, develop a circular economy, protect the ecological environment, accelerate the construction of a resource-saving and environment-friendly society, and promote economic development and population. Coordination of resources and environment." This is also the original intention of the "Regulations" and "Catalogue".
The head of the Industrial Policy Department of the National Development and Reform Commission said that in the process of structural adjustment in the future, the circular economy-related industries will achieve good development.

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