Machinery Industry Federation reports economic situation in Beijing

The 2006 report on the economic situation of the machinery industry hosted by China Machinery Industry Federation was held in Beijing from November 22nd to 24th.
When referring to the overall trend and operating characteristics of the machinery industry in 2006, Cai Weici, executive vice president of the China Federation of Machinery Industry, said that the machinery industry has continued to maintain a good momentum of development this year on the basis of sustained high growth in the industry in recent years: Production and sales continued to grow steadily and quickly. Second, structural adjustments continued to deepen. Third, import and export deficits rapidly decreased. He predicts that the machinery industry is still expected to achieve double-digit growth next year. Cai Weici pointed out that at the same time, there are still many hidden dangers in the development of the industry. For instance, the revitalization of the main body is weak and unsteady, and the growth mode has not changed quickly. The ability of independent innovation cannot meet the needs of structural upgrading, and the bottleneck of the supply of major raw materials is becoming increasingly strong. To this end, Cai Weici suggested that enterprises in the machinery industry should constantly update their technological equipment in accordance with current production needs and make up their minds to strengthen the construction of research and development capabilities. Not only should they pay attention to the introduction of technology and the introduction of talents, but they must also make up their minds to cultivate their own core R&D talents and high skills. Talent.
In addition, Wu Xijun, a senior consultant of the China Iron and Steel Association, introduced the operation of the steel industry in China and the price trend of the steel market. In 2006, strong international and domestic steel market demand drove the rapid growth of steel production. The structure of China's steel products has undergone significant changes. Imports have decreased, exports have increased substantially, and the domestic market share of domestic steel products has increased significantly.

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