Machinery industry is closely related with the fixed asset investment growth, we expect the “Eleventh Five-Year” period of China’s economic growth will be slightly lower than the “fifth” period of growth, fixed asset investment growth will also be more “fifth” during slowed, but is expected to increase. China's State Council executive meeting on the 4th approved in principle the equipment manufacturing industry restructuring and revitalization plan, this plan made it clear that speed up the revitalization of equipment manufacturing industry, we must rely on national key construction projects, large-scale independent of the major technologies and equipment to carry out the work.
Experts pointed out that the equipment independently of the biggest highlights of this plan. To promote the equipment independently, relying on the planning requirements for efficient and clean power generation, ultra-high voltage power transmission, coal and metal ore mining, pipeline and liquefied natural gas storage and transportation, high-speed rail, urban rail transit and other areas of key projects, targeted to achieve the key products of domestic manufacture; combination of iron and steel, automobiles, textiles and other major industries, key projects, promoting the equipment independently.
China Machinery Industry Federation, said Deputy Secretary-General Song Xiaogang, equipment manufacturing industries for the national economy, technology and equipment of the strategic industries, and equipment independently of not only the development of equipment manufacturing industry itself, but also to the country s economic security.
China National Machinery and equipment development into the best period of development transfer of world manufacturing, China is gradually becoming the world’s factory. United States, Germany, Korea and other countries have already entered the era of industrialization and the development of microelectronics era of high-tech intensive, steel, machinery, chemical and other heavy industries are gradually made transfer in developing countries. China’s current economic development has been the early stages of development, the development of heavy industry is in the middle.
To improve the basis for China s equipment manufacturing spare parts and basic level of technology, planning that, to enhance Forging, basic components, processing aids, special raw materials and other ancillary products, skills, reinforce the basis for industrial development.
In this regard, China First Heavy Industries Group Corporation Wu Shengfu said, good basic parts of the industry is of great significance. Although China can produce a number of large equipment, but has been unable to keep up a good solution to the problem of key components, some of the important bearings, hydraulic components, pressure vessels and other long-term dependence on imports.
The future development will continue to benefit from the revitalization of the equipment of the national police equipment, policies to promote the revitalization of domestic demand. June 28, 2006 “to accelerate the revitalization of the State Council on Several Opinions of the equipment manufacturing industry” (hereinafter referred to as “Opinions”) issued the “Opinions” that future development will focus on 16 major areas, namely:
Power generation, power transmission, petrochemical, coal chemical industry, sheet metal rolling, fully mechanized coal mining, shipbuilding, railway and mass transit, environmental protection, construction machinery, control and precision instruments, machine tools, textile machinery, agricultural machinery, IT equipment and aircraft. “Opinions” not only for equipment.
The future development of equipment manufacturing industry clear direction and goals, but also support the policy put forward a series of measures, including tax incentives, financial support is conducive to long-term health of the machinery industry, rapid development. Expected in the “Opinion” and its related policies and other policies to promote the revitalization, China’s machinery industry will maintain robust growth in domestic demand.
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