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Premier Wen’s government work report on March 5th proposed that the GDP growth rate in 2012 fell to 7.5%. This is the first time that China's gross domestic product (GDP) growth target is below 8% in 8 years. Let the world capital market, which has become accustomed to the rapid growth of China's economy, "surprised." The Asia-Pacific stock market closed down, the European and American stock markets opened lower, and international oil prices fell.
Wang Ruixiang, deputy director of the National Committee of the Chinese People's Political Consultative Conference and chairman of the China Machinery Industry Federation, said in an exclusive interview with the newspaper on March 6 that this was a scientific decision made by the central government after a calm analysis. 7.5% of the proposals, the positive side is bigger, especially in the industry, we must seize the development opportunities, properly control the growth rate of development, and focus on the adjustment of structure, transfer mode, transformation and upgrading, and truly come out of a quality and efficiency type. The road must rely on endogenous growth and innovation to drive the development of the machinery industry.
7.5% of "positive factors"
Wang Ruixiang said that 7.5%, the growth target will be slightly lowered, it is necessary to appropriately slow down the rate of economic growth, but not the speed and total volume, and shift the mode of economic growth to focus on development quality and development efficiency. 7.5% still has room for it, to create a good market environment for structural adjustment, accelerated development mode transformation, traditional industrial transformation and upgrading, and the industrialization path of scientific development. Now slow down the growth rate and concentrate on solving the remaining problems in the past.
Wang Ruixiang said that 7.5% was proposed after comprehensive factors, and it is practical and beneficial to the overall situation. It is very important to propose this goal, which is to send a strong signal. We must face up to the difficulties and challenges we face now. We must see the challenges brought about by the international and domestic economic environment, and accelerate the pace and pace of structural adjustment and transformation of development methods.
“7.5%, the impact on the industry is also there. The overall growth rate is slowing down, and the investment scale will inevitably slow down. The structural adjustment of some industries will also reflect the market demand for equipment in the total amount control, and the market demand will be reduced. It has an impact on the development of the equipment manufacturing industry. But overall, I think there are still many positive factors." Wang Ruixiang said.
Wang Ruixiang believes that China's economic development is still in a period of strategic opportunities, and China's traditional advantages still exist. The market outlook is also optimistic. The most important thing is that the advancement of industrialization and urbanization has provided huge market demand for development. In addition, the industrial scale, manufacturing capacity and supporting products that have been formed in China for many years have not only been domestically but also have certain competitiveness in the international arena.
According to the actual development of the machinery industry, although the growth rate in 2012 dropped to 7.5%, considering various factors, Wang Ruixiang judged that the industry's annual industrial output value, main business income growth rate is around 18%, and profit growth is around 12%. The growth rate of foreign exchange earning by exports is around 15%, and the target of revenue from main business income of 7.5% should be achieved.
Slowing down the growth of the machinery industry is imminent
Abandoning the "guarantee eight", the Chinese government decided not to entangle with the symbolic figure of GDP growth of 8%.