Machinery industry: development opportunities in 2010 are better than expected

At the meeting of the two sessions, Wang Ruixiang, member of the National Committee of the Chinese People's Political Consultative Conference and chairman of the China Machinery Industry Federation, said that in 2010, China's machinery industry is still facing great pressure. The situation of machinery export products is not optimistic. It is expected that the whole industry's production and sales will increase compared with last year. 15% or so.
Duan Jiaxuan, a researcher in the machinery industry of China Investment Consulting, pointed out that 2010 will be affected by the lag of the financial crisis, but the impact will gradually weaken. From the current export situation in 2010 and the operation of the ASEAN Free Trade Area, the development environment and development The opportunity is better than last year's expectations.
According to the latest data released by the General Administration of Customs, in January 2010, China’s trade exports totaled US$109.47 billion, up 21% year-on-year, of which exports of machinery and equipment reached US$21 billion, up 23.2% year-on-year, and continued to show a recovery trend. And has reached the level of the same period in 2008.
From January 1, 2010, the establishment of the China-ASEAN Free Trade Area will be a good development opportunity for China's machinery industry. After the establishment of the China-ASEAN Free Trade Area, more than 90% of the nearly 7,000 kinds of export commodities between ASEAN and China have zero tariffs, involving products such as machinery, auto parts, steel and other industries, and the operation from the current free trade zone. In terms of situation, the results are remarkable. According to data released by the China Investment Consulting Industry Research Center, in January this year, ASEAN surpassed Japan to become China's third largest trading partner. At the same time, China's exports to ASEAN merchandise reached US$10.55 billion, a year-on-year increase of 52.8%.
In addition, Zhang Yulin, research director of China Investment Consulting, said that on the first anniversary of the "equipment manufacturing adjustment and revitalization plan", in February 2010, Premier Wen Jiabao presided over the State Council executive meeting to study and deploy further implementation of key industries adjustment and revitalization. Planning, this move further emphasizes that the Chinese government will continue to maintain consistency and continuity in policy support for various industries, and create a more stable development space for promoting the progress of various industries.  

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