Abstract Recently, the State Council promulgated the "Guiding Opinions on Promoting International Production Capacity and Equipment Manufacturing Cooperation." As a guiding document for promoting international cooperation in capacity and equipment manufacturing in the current and future period, the Opinions clearly stipulate that developing countries should be the key countries and actively develop developed countries...
Recently, the State Council announced the "Guiding Opinions on Promoting International Capacity and Equipment Manufacturing Cooperation." As a guiding document for promoting international cooperation in capacity and equipment manufacturing in the current and future period, the Opinions clearly stipulate that developing countries should be the key countries and actively explore developed countries' markets, including steel, nonferrous metals, building materials, railways, and electricity. Chemical, textile, automotive, communications, engineering machinery, aerospace, marine and marine engineering are key industries, classified and implemented in an orderly manner. The "Opinions" propose that promoting international production capacity and equipment manufacturing cooperation is a major measure to maintain high-speed growth in China's economy and move towards the middle and high-end level, and is conducive to the implementation of the "One Belt, One Road" and China-Africa "three networks and one" cooperation and other major strategies. . Strive to achieve the basic establishment of capacity cooperation mechanism with key countries by 2020, and a number of key capacity cooperation projects have made significant progress, forming a number of overseas capacity cooperation demonstration bases.
The Opinions establishes the main tasks as: promoting external capacity cooperation in steel and non-ferrous industries; carrying out international cooperation on advantageous production capacity in the building materials industry; speeding up the “going out†of railways, expanding the international market for rail transit equipment; vigorously developing and implementing overseas power projects; Develop overseas resources, promote overseas investment in key areas of chemical industry; improve the level of international cooperation in light industry textile industry; accelerate the development of self-owned brand vehicles to the international market through overseas peripheral factories; improve the international competitiveness of information and communication industry; promote the improvement of construction machinery and other manufacturing enterprises Global business network; promote the export of aerospace equipment; develop high-end market for marine and offshore engineering equipment.
The "Opinions" also require that while continuing to give full play to the advantages of traditional engineering contracting, give full play to China's capital and technological advantages, and actively carry out cooperation such as "project contracting + financing", "project contracting + financing + operation", and conditional projects encourage adoption. Construction-operating-transfer (BOT), government and social capital cooperation (PPP). We will improve fiscal and tax support policies, play the role of preferential loans, increase financial support, give play to the positive role of RMB internationalization, expand sources of financing funds, increase sources of equity investment, and strengthen and improve export credit insurance.
Xiang Songzhen, chief economist of Agricultural Bank of China, pointed out that as many countries along the “Belt and Road†have short-term development in infrastructure, international production capacity and equipment manufacturing, and urgently improve demand, China’s high-end equipment manufacturing industry is “going outâ€. While improving the image of China's manufacturing, it will transfer some of its effective production capacity and resolve the overcapacity problem facing the Chinese economy.
Yang Shaohui, an analyst at BOC International Machinery Industry, believes that the above policies cover 12 key industries, especially in the fields of railways, construction machinery and electric power. Yang Shaohui pointed out that on the railway side, the current overseas high-speed rail construction mileage is 59,000 kilometers, China is expected to participate in the construction plan of nearly 60%, and the Sino-Thai railway, Sino-Russian high-speed rail is progressing smoothly, and the future Singapore-Kuala Lumpur high-speed rail, China-India high-speed rail is worth looking forward to. In terms of construction machinery, China's construction machinery exports currently account for a small share of overseas markets, and overseas market demand will provide incremental contributions to construction machinery. In terms of electricity, the cost-effective Chinese power equipment market is huge, and nuclear power and wind power are “out of seaâ€. The pulling effect of the industry companies is even greater. The export road of the world's leading UHV technology has also been opened. The power equipment with independent technology will open a new high-margin blue ocean overseas.
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