Traditional Industries Revitalized, Emerging Sectors Surge: Changchun Fortifies Industrial Pillars with Diversified Growth

Deep News
Yesterday

During the 14th Five-Year Plan period, Changchun's industrial economy achieved leapfrog development. At a press conference held on November 27, the Municipal Bureau of Industry and Information Technology highlighted the city's industrial accomplishments. As a key historic industrial base in China, Changchun boasts 37 out of 41 UN-classified industrial categories, showcasing robust and comprehensive industrial foundations. Over the past five years, the city has implemented new industrialization strategies, focusing on building "one center and five highlands" and establishing a modern industrial system of "3 transformations, 4 strengths, and 7 emerging sectors." Industrial contributions to economic growth have consistently exceeded one-third, underpinning the revitalization of Northeast China's industrial base.

The FAW J7 Smart Factory, a benchmark for commercial vehicle intelligent manufacturing completed in December 2021, has bolstered FAW's commercial vehicle upgrades and Changchun's automotive transformation.

**Traditional Industries Accelerate Transformation** As the pillar of Changchun's industrial economy, the automotive sector is advancing toward "new four modernizations," achieving dual growth in scale and efficiency. In September 2022, the "Changchun Automotive Cluster" was recognized as a national advanced manufacturing cluster, the largest and most influential in Northeast China. The city also secured pilot programs for new energy vehicle battery swapping, public-sector electrification, and smart connected vehicle "vehicle-road-cloud integration," becoming the only city with all four national-level automotive development platforms.

Under the 14th Five-Year Plan, Changchun implemented a three-year action plan to support FAW's "531" strategy, accelerating the shift from traditional fuel vehicles to new energy and smart connected vehicles. Key projects like the Hongqi Prosperity Plant, FAW J7 Smart Factory, and Audi FAW NEV Plant were completed, while upgrades to the Hongqi Weishan Plant and Fengyue Plant expansion progressed. Over five years, the city added over 500,000 units of vehicle capacity, with Hongqi brand output expected to hit record highs in 2023, growing nearly 20% annually.

Local auto parts supply chains also strengthened, with BYD's power battery and CRRC's electric drive projects operational. The local parts配套率 is projected to exceed 60% this year.

**Emerging Industries Gain Momentum** The optoelectronic information sector has emerged as a new growth driver. Changchun launched a three-year action plan and supportive policies, forming industrial alliances and accelerating the development of semiconductor, advanced manufacturing, and optoelectronic material clusters. The Changchun International Optoelectronics Expo, held twice, secured over RMB 50 billion in key projects. Innovations like Yuheng Optics' national "single champion" products and the "Jilin-1" satellite constellation (141 satellites in orbit) underscore the sector's vitality. The industry's output is expected to surpass RMB 100 billion in 2023.

Biopharma and life sciences also thrived, with the Yongchun Medicine City attracting 45 key projects. Goldsite Pharma became Jilin's first医药企业 with RMB 10 billion revenue, while Changchun Institute of Biological Products' flu vaccine achieved WHO prequalification. The sector's output grew over 60% in five years.

**Future Industries Forge New Paths** Changchun is proactively布局 aerospace, embodied AI, and new materials. The city established a low-altitude economy alliance, hosted three airshows, and advanced projects like the China Air Force Museum. In embodied AI, the Bionic Robot Innovation Center and Jiyi Robotics were launched, while hydrogen energy and OLED materials reached global领先水平.

Moving forward, Changchun will deepen industrial innovation, foster new productive forces, and strengthen its "3-4-7" modern industrial system to fuel high-quality growth and Chinese modernization.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10