Since 2018，our national economy runs smoothly，the economic structure improves，and the transformation of growth drivers speeds up. China’s economy is on the whole stable and making good progress but faces heavy downturn pressure. On the domestic front，the internal problems affecting our industrial development are not solved，enterprises need to improve the capability to resist risks，the leading and supportive role of new-emerging industries needs to be improved，and the industrial growth still faces pressure. On the international front，the resonance of the global economic recovery nears the end，economies and policies of different countries continue to polarize，and unilateralism and trade protectionism rear its head. Of particular note is the trade conflict provoked by the United States which will bring more uncertainty to our industrial development in the period to come.