During the two sessions, entrepreneurs, experts, and scholars from the Chinese construction machinery industry expressed their opinions and suggestions on the development and problems in the industry.
The sustained slowdown in the future growth rate of industries susceptible to macroeconomic conditions is a "probability event"
At the beginning of the year, the National Bureau of Statistics released data showing that China's GDP grew by 7.7% in 2013. In 2014, the slowdown of China's economic growth rate has become a consensus among all sectors. Against the backdrop of slow global economic recovery and fierce international competition, how to transform and upgrade the Chinese construction machinery industry, which is mired in overcapacity, break through the technological monopoly of developed countries, and establish a comparative advantage in competition with emerging economies has become an important issue related to industry development. At this session of the two sessions, this issue was also fully reflected.
The construction machinery industry is a highly cyclical industry, and its development is closely related to the macroeconomic situation. The sustained slowdown in future growth rate is a high probability event, so it is inevitable to pass through a long and painful transformation period. "Speaking of the future development trend of the construction machinery industry, Wu Xuan, General Manager of Wealth Management Department of Nissin Securities, told reporters.
Since 2011, China's economic growth mode has shifted to pursuing quality and efficiency, energy conservation and environmental protection, and intensive efficiency. This means that the construction machinery industry driven by fixed assets investment will face the environment of insufficient demand, overcapacity and intensified competition for a long time. At the 2013 Global Construction Machinery Industry Conference and Top 50 Summit, Wang Min, as the chairman of XCMG, a leader in the domestic construction machinery industry, also threw out his "medium speed mentality theory" to the media.
Wang Min stated that with the changes in the development speed of the industry, the high-speed mentality during the period of high-speed growth should be adjusted to a medium speed mentality. He said that although the world economy is still unstable and sluggish, development remains the main theme and there are still many opportunities. Especially for Chinese enterprises, they have transitioned from an expansion oriented to a stage of transformation and upgrading.
The current situation of the industry is "big but not strong". Key technologies rely on imported entrepreneurs: if you don't innovate, you'll die
Chinese heavy industry enterprises are not strong enough. In the "2013 Global Top 50 Construction Machinery Manufacturers List", 11 Chinese enterprises were listed, including 8 in the United States, 11 in Japan, 5 in Germany, 3 in Sweden, 2 in South Korea, and 2 in Finland. Among the top 15 enterprises, three Chinese enterprises, XCMG, Zoomlion and Sany Heavy Industry, ranked fifth, sixth and tenth respectively. However, while Megacorporation frequently topped the international manufacturing industry rankings and made major overseas mergers and acquisitions, investment and factory building, the production of key parts of China's construction machinery was heavily dependent on imports, which had long been under the control of others.
Wu Xuan told reporters that China's construction machinery manufacturing industry can be described as large but not strong: with large production capacity, large scale, and a large number of enterprises, but weak key technologies and dependence on imported components have been seriously restricting the development of the industry. At this year's two sessions, a group of construction machinery industrialists from the frontline expressed their opinions and suggestions on how to promote industry transformation and upgrading.
On the 13th, Zhan Chunxin, deputy to the National People's Congress and chairman of Zoomlion