The 14th Five-Year Plan is an Important Period of Strategic Opportunities for China Machinery Industry

Xin Guobin, a member of the Party Leadership Group and Deputy Minister of the Ministry of Industry and Information Technology, recently stated that the machinery industry is the mainstay of the equipment manufacturing industry and a basic and strategic industry for the development of the national economy and the construction of national defense. He pointed out that the development situation of the machinery industry during the 14th Five-Year Plan is facing profound changes. First, the global scientific and technological revolution is in the ascendant to bring about new changes. Second, the international industrial structure is reshaped into new pressure. Third is to build a new development pattern to expand new space. Fourth is the implementation of the carbon peak and carbon neutral strategy proposes new tasks. It is pointed out that the 14th Five-Year Plan is an important period of strategic opportunities for my country's machinery industry. The opportunities and challenges are unprecedented, but on the whole, the opportunities outweigh the challenges.

Xin Guobin emphasized that in the next five years, the machinery industry should be guided by the 14th Five-Year Plan to fully promote the high-quality development of the machinery industry. First, we must deeply promote independent innovation. We must adhere to high-level technological self-reliance as a strategic support, build a technological innovation system with enterprises as the main body, and a combination of production, education, research and application, and accelerate the promotion of original innovation, integrated innovation, and integration innovation capabilities to improve the level of industrial technology basic public services To promote the transfer and transformation of innovation achievements. Second, we must ensure the safety and stability of the industrial supply chain. We must use major projects such as industrial infrastructure rebuilding as our starting point to organize strong chain-reinforcing actions such as forging long boards and supplementing short boards to promote upstream and downstream collaboration and improve the overall level of the industrial chain. Third, we must continue to optimize the industrial structure. We must accelerate the development of digitization, networking, and intelligence. Promote energy-saving and green manufacturing in an all-round way, and support the accelerated development of new energy vehicles, robots, energy-saving and environmentally-friendly equipment and other emerging industries. The fourth is to vigorously cultivate high-quality enterprises. We need to optimize the business environment for enterprises and the financing environment of the industrial chain, and promote innovation in the integration of large and medium-sized enterprises. We must strive to build a group of leading companies with global competitiveness, single champion companies and specialized, special new small giant companies. Fifth, we must actively promote openness and cooperation. We must take advantage of new opportunities such as the Belt and Road initiative and the government’s bilateral and multilateral coordination mechanisms to promote international capacity cooperation in machinery and equipment manufacturing and achieve better development in a higher level of opening up.