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2015

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ANNUAL REPORT ON THE DEVELOPMENT OF WORLD MANUFACTURING INDUSTRY (2014-2015)

Subtitle:

By:Hong Jingyi

Publisher:Social Sciences Academic Press

ISBN:978-7-5097-7261-4

Publication Date:2015-04-01

Language:Chinese

Paper book:US $30.00
Ebook:US $30.00
Paper Book& Ebook:US $45.00
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About the author(s):

Description:

2014, the manufacture industry in major countries have already returned to positive growth and gradually reveals the role of economic recovery. Word’s manufacturing industry present trends on network,intelligence and service-oriented which promote the overall industry upgrades and major changes in production patterns. Meanwhile,China’s economy has officially entered “new normal” described as a lower growth but healthier economic structure. And the strategic emerging industries in china are well development and gradually become a new economic growth point.

China’s high-tech manufacturing industry value added grew by 11.8% in 2014, higher than the above-scale industrial added value growth. Investment and sales of electronic information, biomedicine, high-end equipment, new energy and other strategic emerging industries remain larger increase and realize some breakthroughs in core technologies. For example,in the field of industrial robotics, domestic RV reducer have made a breakthrough in accuracy and stability,and began to put into application;carbon fiber field, the T1000 carbon fiber products in the test are succeed which covering the whole process to achieve self-development, and each product performance indicators have reached the international advanced level; electric vehicles,the rated capacity of 15Ah lithium-sulfur batteries have been successfully developed and can be produced in small-scale; Bio-pharmaceutical field, the nucleus targeting mesoporous silica (MSNs) nano-drug delivery systems research has made important progress which can improve the cancer treatment and reduce the side effects of the drug.

Constrained by late start, weak innovation ability, and insufficient consumption demand and so on, China’s strategic emerging industry is facing serious problems. Firstly, the overall technical level is low, and the foundation support ability of strategic industry is weak.Presently, a large part of key equipments and core components of strategic emerging industry are depended on import, because that our domestic technology is unstable and the quality of self-made products is poor. Secondly, because of fierce homogeneous competitions, the risk of over capacity and profit decline is serious. Overlapping investment problems in carbon fiber,wind power, polycrystalline silicon, lithium battery, photovoltaic industries are very serious, because of local governments’ administrative intervention and perverse incentives. The profitability and profit in these industries are pushed down. Thirdly, the market share of self-made products is low, because of poor consumption demand. Constrained by trade conflicts and technology lock-in, the external demand continues to be scarce; the inner demand is largely constrained by poor supporting infrastructures, outdated market promotion and the poor quality and property of self-made products.

Based on the status quo and problems of strategic emerging industries in China,several suggestions have been offered in this report. First of all,the government should strengthen overall planning and macro-control of policy,optimize the allocation of resources and make rational layout. Second, key enterprises and research institutes should be organized to carry out core technology in order to break the blockade of technology created by developed countries and acquire the real independent intellectual property in every critical link of technology. Thirdly,capital market should be improved to create a good investment and financing environment. The government also need encourage enterprises to participate in M&A activities in order to create leading companies with scale and technology advantage by reintegrating resources. Leaders should play the leading and guarding role and enlarge the influence of local enterprises in international market. Last but not least,policies about government procurement, encouraging the first set of indigenous equipment, tax breaks,price allowance,free repair and so on can be implemented to promote sales of indigenous products and make the solid foundation to enlarge the market share.