Li Qiang's Directive: Strongly Boost Consumption and Investment, Fully Activate the Domestic Demand Engine-Iota

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News > Dynamic industry > Li Qiang's Directive: Strongly Boost Consumption and Investment, Fully Activate the Domestic Demand Engine

Li Qiang's Directive: Strongly Boost Consumption and Investment, Fully Activate the Domestic Demand Engine

Beijing, March 5 (Xinhua) – Premier Li Qiang emphasized in his government work report on March 5 the need to vigorously boost consumption, enhance investment efficiency, and comprehensively expand domestic demand. The goal is to better integrate consumption and investment, address deficiencies in domestic demand, and make it the primary driving force and stabilizing anchor of economic growth. This policy direction has a profound impact on the silicone industry.

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From the perspective of consumption, the implementation of targeted initiatives to boost consumption is of great significance. Increasing residents' income through multiple channels and improving wage growth mechanisms will enhance their purchasing power. A special long-term government bond worth 300 billion yuan will support the replacement of old consumer goods, such as household appliances, thereby expanding the home appliance market. Silicone is widely used in household appliances for sealing, insulation, and heat dissipation, meaning that demand will also increase accordingly. Additionally, relaxing restrictions on healthcare and elderly care services, as well as expanding consumption scenarios in culture, tourism, and sports, will further drive demand for silicone products in infrastructure construction and maintenance, such as waterproofing buildings and sealing sports facilities.

In terms of investment, the focus will be on national strategies and public welfare needs, leveraging government investment tools. The central budget plans to allocate 735 billion yuan in investments, and long-term special government bonds will be strategically used to drive infrastructure and emerging industry projects. In the photovoltaic industry, silicone is used for sealing solar module frames and encapsulating junction boxes. With increased investment in clean energy projects and the growth of the photovoltaic sector, the demand for silicone will rise. In the automotive industry, particularly in the electric vehicle (EV) sector, silicone is widely applied in battery pack sealing. The expansion of investment in this sector will not only drive industrial growth but also increase demand for silicone. Moreover, as investment in new infrastructure projects such as 5G communication and the Internet of Things (IoT) grows, the demand for silicone materials in the electronics industry—for example, for electronic component protection and insulation products—will also increase.

Overall, the policy of expanding domestic demand will improve the supply-demand balance in the silicone industry, absorb excess production capacity, stabilize product prices, and promote technological innovation and industrial structure optimization. This will create new development opportunities for the silicone industry.

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