Looking Ahead to 2014: Opportunities and Challenges Coexist in China's Equipment Industry

2013-12-24 564 0人评论
      In 2014, China's equipment industry is expected to face a relatively complex development situation. The macroeconomy will remain in a tightening phase following the boom brought by the "4 trillion" investment, and the tasks of "cutting overcapacity and deflating bubbles" will still take time to complete, so domestic demand for equipment products will not rise significantly. However, driven by the development dividends released by a new round of reform policies, the equipment industry will sprout new momentum and growth points, such as rail transit equipment entering a period of rapid growth. Under the combined influence of these factors, China's equipment industry will still develop steadily in 2014, with the annual growth rate of industrial added value expected to remain around 13%.

  At the same time, in the context of thoroughly implementing the "Industrial Transformation and Upgrading Plan" and the "Strategic Emerging Industries Development Plan," and under the pressure of upgrading demand at home and abroad, equipment industry enterprises will certainly further improve production efficiency and reduce resource consumption. Given that the profit margin of the equipment industry is still declining and has not truly escaped difficulties to enter a track of sound development, the equipment industry urgently needs to make more efforts in structural adjustment and management strengthening. Moreover, under the guidance of national policies, industries closely related to consumption, informatization and automation, such as agricultural machinery and smart instruments and meters, will develop faster than typical investment goods industries, and future structural adjustment of the equipment industry will pay more attention and adapt to this trend.

  Overall, the domestic equipment industry will focus on shifting to innovation-driven development in the future, with enterprises as the main body to advance innovation work, concentrate efforts on technological breakthroughs, achieve key breakthroughs as soon as possible, and move toward the high end. At the same time, relevant parties should make full use of domestic market demand resources to accelerate the development of China's high-end equipment manufacturing industry and promote industrial upgrading.

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