China's equipment manufacturing business cycle will continue for 5-10 years

As the country attaches great importance to the revitalization of the equipment manufacturing industry and the improvement of the ability of independent innovation of enterprises, it is expected that the prosperity cycle of most equipment manufacturing industries will continue for 5 to 10 years. It can be said that China is now in a critical period of changing the mode of economic growth and transitioning from the early period of heavy industrialization to the middle period, which provides a huge market space for the development of equipment manufacturing.

Taking 2005 as the inflection point, the general equipment manufacturing industry and special equipment manufacturing industry saw a straight rise, and the rising momentum of the special equipment manufacturing industry was obviously higher than the general equipment manufacturing and transportation equipment manufacturing industries of the same period. In the first seven months of this year, the industrial added value of the general equipment manufacturing, special equipment manufacturing, and transportation equipment manufacturing industries increased by more than 20% year-on-year. In the case of sharp increases in the prices of raw materials such as copper and aluminum, the profits of the industry maintained rapid growth. . This also stimulated the company's investment enthusiasm accordingly.

With regard to the specific equipment manufacturing industry, the development potential is even stronger. The report pointed out that the equipment manufacturing industry related to the bottleneck industry is the first to have a larger room for improvement in the economy, followed by the energy-saving and environmental protection equipment manufacturing industry.

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