Abstract The reporter was informed yesterday that the Ministry of Industry and Information Technology is formulating a "manufacturing 'going out' strategic plan" to strengthen the overall coordination and classification guidance for enterprises. As China's economic and social development enters a new stage, the current &...
The reporter was informed yesterday that the Ministry of Industry and Information Technology is formulating a "manufacturing 'going out' strategic plan" to strengthen the overall coordination and classification guidance for enterprises. As China's economic and social development enters a new stage, the current "going out" environment, conditions, and objectives have undergone profound changes, presenting many different situations and characteristics from the past.

According to a report released by BCG, among the top 25 economies in terms of global exports, based on the US (100), China's manufacturing cost index is 96, which is the same product. In the US, the manufacturing cost is 1 US dollar. In China, it costs $0.96, and the gap between the two sides has been greatly reduced.

Whether the calculation method of BCG is scientific or not remains to be proved, but the loss of the advantage of "Made in China" is indeed an indisputable fact.

Liu Zhiqin, a researcher at the Chongyang Financial Research Institute of Renmin University of China, believes that China's manufacturing cost advantage is gradually lost due to factors such as labor costs, RMB appreciation and trade barriers. The task of reversing this situation is arduous, but it is neither realistic nor possible to put the expectations of economic transformation on the new formats brought about by the service industry and high technology. National security, economic development, and employment all require China to make a difference in high-end manufacturing.

An executive of a smart manufacturing company said that due to the slowdown in domestic economic growth, the industry is generally under greater pressure. With the intensification of overcapacity in China's manufacturing industry and rising labor costs, domestic manufacturers have gradually begun to shift some factories to countries with lower labor costs such as India.

Li Dongsheng, chairman and CEO of TCL Group, pointed out that it is a general trend to export China's industrial capacity overseas, which can not only digest excess capacity, but also help Chinese enterprises to “go global”.

The Ministry of Industry and Information Technology said, "All these have determined that the form and task of our "going out" should accelerate the transition from product output and trade in goods to industry and capital output."

The “going out” of the equipment manufacturing industry is an important investment opportunity in the next few years. Earlier, the Ministry of Industry and Information Technology and the National Development Bank jointly selected more than 30 key projects to promote equipment manufacturing through the cooperation of banks and enterprises.

At the same time, in implementing the China Manufacturing 2025 planning target, the Ministry of Industry and Information Technology also focused on further supporting the high-end equipment manufacturing industry to “go global” and selected some key projects to accelerate.

The Ministry of Industry and Information Technology said, "In the future, we will promote financial institutions to innovate financial services, improve the global service network, build a platform for matching banks and enterprises, and use existing policy financial instruments to incorporate key areas of international capacity and equipment manufacturing cooperation into Silk Road Fund. Policy support areas such as the AIIB."

Everbright Securities believes that China has the advantageous industries to go global, including ship exports, high-speed rail, nuclear power, construction, UHV power grids, 4G networks and other industries. Ship Export (CIMC), High Speed ​​Rail (China CRRC), Nuclear Power, Dongfang Electric, China Yizhong, China Nuclear Technology, Infrastructure (China Power Construction, China Communications Construction, China Railway Construction, China Construction, Long Construction, Southeast Network) The sector is worthy of continued investors' optimism.

Coincidentally, according to the Economic Information News, according to the recent work arrangements of the Ministry of Industry and Information Technology, the National Development and Reform Commission and other ministries, the “13th Five-Year Plan” for intelligent manufacturing has basically completed the preparation work, and further intelligent manufacturing engineering implementation plans are in the process of being elaborated. According to a number of policies such as the "Intelligent Manufacturing Special Pilot" released in the past, the "13th Five-Year Plan" for intelligent manufacturing is expected to become the core policy idea for manufacturing upgrade during the 13th Five-Year Plan period.

Academician Lu Yongxiang, director of the National Manufacturing Power Construction Strategy Advisory Committee, believes that smart manufacturing is the top priority in the policy planning for promoting the development of the manufacturing industry during the 13th Five-Year Plan period. Intelligent manufacturing will change the extensive development of China's manufacturing industry. Ways to further enhance technical strength and enhance the international competitiveness of manufacturing.

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