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Importance of the transition of Chinese heavy machinery industry

Importance of the transition of Chinese heavy machinery industry

2016-02-23

Improving the independent innovation capability is the core of national development strategy, a central link of economic restructuring and development pattern reform as well as an objective need and internal requirement to implement the scientific concept of development. Heavy machinery industry enterprises, especially state-owned large-scale state enterprises historical burden is too great, the current enterprise reform, reorganization and restructuring is not really in place, poor management of modern enterprises. Due to the excess production capacity of enterprises, so that the general machinery products severe throat price competition, resulting in product prices continued to slump, unsatisfactory economic efficiency of enterprises, lack of stamina development. Shortage of research and development funding and a serious brain drain, so that enterprises innovation capacity can not be effectively improved.

How to seize the opportunity of the transition of Chinas industrialization, creating advantage, and thus form the core competitiveness, is placed in each of a Chinese heavy machinery industry entrepreneurs in front of an important issue.

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