In the fourth quarter of 2014, the economic prosperity index of the equipment manufacturing industry was 94.8, which was basically the same as that of the previous quarter. The index remained basically within the range of 95 to 96 throughout the year.
Throughout the year, the growth rate of the value added of the machinery industry has kept leading the national industry by 2%, and the role of the healthy development of the national economy and supporting the transformation of the economic development is still prominent.
In 2014, under the situation where the growth of investment in fixed assets gradually slowed down, the industry's main growth indicators maintained the level of the previous year, of which operating income remained at 10%, and profit growth reached over 10%. The general trend of equipment prices has continued to decline. Although the scale of revenue growth has continued, the profit growth rate has continued to decline, and the annual inventory pressure has increased significantly. As of the end of the fourth quarter, equipment manufacturing finished product funds were 1.3 trillion yuan, an increase of 18.3% year-on-year, and the growth rate was still far higher than the 8.9% level of main business revenue.
The structural adjustment of the equipment manufacturing industry is mainly the adjustment of product structure. Since 2014, the structural adjustment has risen from the establishment of key technologies and the establishment of domestic industrial ecological chains to the breakthrough stage of the international market, and has become China's manufacturing superior industry with international top competitiveness. In 2014, high-end equipment manufactured in the fist industry such as rail transit equipment with high-speed rail technology as the core, clean energy and renewable energy equipment represented by breakthroughs in nuclear power technology, along with a series of activities in China's internal affairs diplomacy, became China’s leading manufacturing industry. The highlights and hotspots in the industry upgrading, expanding international economic and trade cooperation, and formulating regional economic development strategies.
According to the deployment of the Central Economic Work Conference, China will continue to implement the overall strategy for the development of the western region, the revitalization of the northeast, the rise of the central region, and the development of the eastern region in 2015, focusing on the implementation of the “One Belt One Road†initiative, the coordinated development of the Beijing-Tianjin-Hebei, and the Yangtze River Economic Belt. In early 2014, the National Development and Reform Commission proposed that seven major network projects such as information grid oil and gas, health and aged care services, ecological and environmental protection, clean energy, food and water conservancy, transportation, oil and gas, and mineral resources safeguard projects have overall and fundamental importance to economic and social development. In the strategic significance of the engineering package, especially in the fourth quarter, a number of transportation and infrastructure projects such as railways and airports have been collectively approved, and the total investment has reached more than RMB 1 trillion. This will bring a huge market increase for the equipment manufacturing industry. The driving effect will be It will appear this year.
In addition, the Ministry of Industry and Information Technology and the Export-Import Bank of China issued the “Several Opinions on Strengthening the Support for the Financing of Major Technical Equipmentâ€, from R&D and innovation capacity building, technological transformation and industrialization, import and technology introduction, product export, and enterprises “going out "Enterprise mergers and reorganizations and other industrial links will provide financing support for enterprises. The basic guarantee for China's equipment manufacturing industry to open up to a high level will be more powerful and effective, and international market development is expected to enter a new stage."
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