Increased investment in machinery industry should be treated differently
In the first half of this year, the total investment in fixed assets of the machinery industry was 223.553 billion yuan, an increase of 52.89% over the same period of last year, which was higher than the increase in fixed assets investment of 31.3% of the national manufacturing industry. It has not been seen in the course of development of the machinery industry for many years. In this regard, Cai Weici, deputy chairman of China Federation of Machinery Industry, expressed his opinions. On the morning of August 2, Vice President Cai pointed out to reporters that the sharp increase in investment in fixed assets in the machinery industry in the first half of the year has its own internal causes. Therefore, when the relevant departments conduct macro-control, they should not adopt "one size fits all" measures.
Multiple factors superimposed to increase investment
Cai Weici said that the high-speed growth of fixed-asset investment in the machinery industry in the first half of the year was the result of superimposition of multiple influencing factors in a specific historical development stage.
First, the central government attaches great importance to the revitalization of the equipment manufacturing industry. The “State Council’s Several Opinions on Accelerating the Rejuvenation of the Equipment Manufacturing Industry†was officially released in the first half of this year. It will provide various policy support for the development of major technical equipment. Therefore, the increase in investment in the equipment industry will become A matter of course.
Second, the growth in investment is driven by strong market demand. In the first half of the year, the national economy continued to grow steadily and rapidly, with GDP increasing by 10.9%. This macroeconomic environment provided a good external environment for the demand for machinery and equipment.
Third, there are too many debts for a long time and need to be reconstructed. For quite a long period of time, the technological industry and investment in the machinery industry are owed more debts, and it is no exaggeration to describe it as weak accumulation of poverty. In this context, demand-driven and enhanced transformation become inevitable.
Finally, the self-accumulation of the industry has improved and service capabilities have increased. In the past two years, the profitability of the machinery industry has improved, and the company has a certain amount of its own funds, so the self-reform ability has been enhanced.
Mixed investment growth
Faced with the growth of fixed-asset investment, Cai Weici described his mood with mixed feelings of happiness and happiness. It is a matter of fact that many key enterprises' investments are mainly aimed at improving the level of technical equipment. The equipment level of a group of key enterprises is rapidly catching up with the world's advanced level, allowing people to see the hope of the revitalization of the Chinese machinery industry. "If you look at the backbone enterprises, you will find that the level of equipment is rapidly increasing." The worry is that some companies are not calm enough in the excellent situation and are still engaged in extensional expansion. This development model not only makes the company itself The future is worrying, but it will also aggravate the contradiction of overcapacity in the entire industry, and in the end, it may reverse the current good situation.
Macro-control should not be "one size fits all"
Although Cai Weici believes that the impact of the surge in investment on the stable development of the industry is worth paying attention to, he still suggests that the relevant departments, especially the government’s decision-making departments, should not adopt a one-size-fits-all “brake†measure, but must unwaveringly support the structure of the equipment manufacturing industry. The investment necessary to optimize the upgrade must not be poured down in the "one size fits all" approach because of the high growth rate.
At the same time, he also sincerely hopes that companies in the industry will have a deep understanding of the two aspects of the high-speed growth of investment - on the one hand, it will promote the growth of the industry, whether it is the increase of production capacity or the improvement of the level. On the other hand, investing within a certain period of time, to a certain extent, may obscure or alleviate the contradiction of overcapacity. "The rapid growth of investment represents a certain demand, which may mask the contradiction of overcapacity. However, at a certain period, this postponed contradiction may be more acutely expressed." Cai Weici hopes that machinery companies will be able to walk on thin ice. Carefully make project decisions. In the project decision-making, not only the input and output accounts, but also take into account the possible risks. "It is best to use investment in the sharp edge of structural optimization."
The growth rate will fall in the second half of the year
In the first half of this year, the value added of mechanical industrial enterprises above designated size reached 670.07 billion yuan, an increase of 32.23% over the same period of last year. All 13 sub-sectors of the machinery industry grew at a double-digit rate. At the same time, the economic benefits have also greatly increased.
Cai Weici predicts that the growth rate of the machinery industry in the second half of the year will decline month by month. However, he also pointed out that the overall market demand for the machinery industry will continue to be more optimistic, driven by such factors as building a new village, increasing industrial competitiveness, promoting resource conservation, and expanding consumption. "It is expected that the annual growth rate of production and sales, industrial added value, total profits, and foreign exchange earnings from exports can all reach about 20%."
Multiple factors superimposed to increase investment
Cai Weici said that the high-speed growth of fixed-asset investment in the machinery industry in the first half of the year was the result of superimposition of multiple influencing factors in a specific historical development stage.
First, the central government attaches great importance to the revitalization of the equipment manufacturing industry. The “State Council’s Several Opinions on Accelerating the Rejuvenation of the Equipment Manufacturing Industry†was officially released in the first half of this year. It will provide various policy support for the development of major technical equipment. Therefore, the increase in investment in the equipment industry will become A matter of course.
Second, the growth in investment is driven by strong market demand. In the first half of the year, the national economy continued to grow steadily and rapidly, with GDP increasing by 10.9%. This macroeconomic environment provided a good external environment for the demand for machinery and equipment.
Third, there are too many debts for a long time and need to be reconstructed. For quite a long period of time, the technological industry and investment in the machinery industry are owed more debts, and it is no exaggeration to describe it as weak accumulation of poverty. In this context, demand-driven and enhanced transformation become inevitable.
Finally, the self-accumulation of the industry has improved and service capabilities have increased. In the past two years, the profitability of the machinery industry has improved, and the company has a certain amount of its own funds, so the self-reform ability has been enhanced.
Mixed investment growth
Faced with the growth of fixed-asset investment, Cai Weici described his mood with mixed feelings of happiness and happiness. It is a matter of fact that many key enterprises' investments are mainly aimed at improving the level of technical equipment. The equipment level of a group of key enterprises is rapidly catching up with the world's advanced level, allowing people to see the hope of the revitalization of the Chinese machinery industry. "If you look at the backbone enterprises, you will find that the level of equipment is rapidly increasing." The worry is that some companies are not calm enough in the excellent situation and are still engaged in extensional expansion. This development model not only makes the company itself The future is worrying, but it will also aggravate the contradiction of overcapacity in the entire industry, and in the end, it may reverse the current good situation.
Macro-control should not be "one size fits all"
Although Cai Weici believes that the impact of the surge in investment on the stable development of the industry is worth paying attention to, he still suggests that the relevant departments, especially the government’s decision-making departments, should not adopt a one-size-fits-all “brake†measure, but must unwaveringly support the structure of the equipment manufacturing industry. The investment necessary to optimize the upgrade must not be poured down in the "one size fits all" approach because of the high growth rate.
At the same time, he also sincerely hopes that companies in the industry will have a deep understanding of the two aspects of the high-speed growth of investment - on the one hand, it will promote the growth of the industry, whether it is the increase of production capacity or the improvement of the level. On the other hand, investing within a certain period of time, to a certain extent, may obscure or alleviate the contradiction of overcapacity. "The rapid growth of investment represents a certain demand, which may mask the contradiction of overcapacity. However, at a certain period, this postponed contradiction may be more acutely expressed." Cai Weici hopes that machinery companies will be able to walk on thin ice. Carefully make project decisions. In the project decision-making, not only the input and output accounts, but also take into account the possible risks. "It is best to use investment in the sharp edge of structural optimization."
The growth rate will fall in the second half of the year
In the first half of this year, the value added of mechanical industrial enterprises above designated size reached 670.07 billion yuan, an increase of 32.23% over the same period of last year. All 13 sub-sectors of the machinery industry grew at a double-digit rate. At the same time, the economic benefits have also greatly increased.
Cai Weici predicts that the growth rate of the machinery industry in the second half of the year will decline month by month. However, he also pointed out that the overall market demand for the machinery industry will continue to be more optimistic, driven by such factors as building a new village, increasing industrial competitiveness, promoting resource conservation, and expanding consumption. "It is expected that the annual growth rate of production and sales, industrial added value, total profits, and foreign exchange earnings from exports can all reach about 20%."
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