Development of equipment manufacturing industry is a long way to go

According to relevant data, China’s production of many equipment products ranks first in the world, and the proportion of output value exceeds one third of the world’s total. However, at present, the high-end products and low-end products of China's equipment manufacturing industry are facing severe challenges, and the core competitiveness is being reduced.

Champ Consulting's manufacturing industry analyst pointed out that: In 2013, the output value of China's equipment manufacturing industry exceeded 20 trillion yuan, accounting for more than one-third of the global equipment manufacturing industry and ranking first in the world. The output of most equipment products in China ranks first in the world. Export-oriented China's equipment manufacturing industry is currently facing the impact of changes in global demand structure and trade protectionism, and is facing double pressure.

In recent years, with the rapid development of the equipment industry, China has become a veritable country in the equipment manufacturing industry, but it is still a long way from the powerful equipment manufacturing industry, and some key components and key material suppliers still rely on imports. On the one hand, the core technology of high-end equipment in China still has a large gap with foreign countries and continues to receive restrictions from abroad. On the other hand, other countries, especially in some countries in Southeast Asia, are using a lower labor force and preferential investment policies. To attract industrial transfer in developed countries.

In high-end equipment, China is still constrained by developed countries, and the gap continues to widen. China's capacity for independent innovation is weak, R&D and design are low, testing methods are inadequate, key common technologies are lacking, basic supporting capabilities are insufficient, core components are controlled by people, basic manufacturing processes are backward, and key materials depend on imports. In low-end and middle-end products, emerging economies rely on comparative advantages such as resources and labor to develop processing and manufacturing industries, undertake labor-intensive industrial transfer at a lower labor cost, and form a homogeneous competition with China.

In the “2014-2017 China Equipment Manufacturing Industry Research and Market Investment Decision-Making Report”, Shangpu Consulting stated that China’s equipment manufacturing industry still has a long way to go to occupy a place on the world market. At present, China's equipment manufacturing industry has the problems of lagging standards, non-standardization, and low thresholds, which has hindered product transformation and upgrading to some extent. In addition, it also faces the double competition of foreign technology developed countries and emerging countries, bringing unprecedented risks and challenges to China's equipment manufacturing industry.