National Bureau of Statistics: Vigorously nurture new engines of productivity to promote the transformation and upgrading of traditional industries.

National Bureau of Statistics spokesperson Fu Linghui stated that overall industrial production in July remained stable, with continued improvement in development quality. However, the external environment is still challenging, and some industries still face prominent supply-demand imbalances, with industrial enterprises' profits still under pressure. The next stage of industrial production development has many favorable conditions, so we must focus on the long-term, further expand domestic demand, strengthen innovation-driven growth, vigorously cultivate new productive forces, and promote the transformation and upgrading of traditional industries.