Machinery Universal Components Enters New Development Stage

The overall product quality of China's mechanical general parts and components industry has not yet reached the international advanced level. However, more and more leaders and experts are paying attention to the development of the parts and components industry, and various supportive policies are being gradually introduced. China's machinery parts and components industry will usher in a new period of development.

With the release of the 12th Five-Year Plan, China's machinery parts and components industry has also ushered in a new period of development. Accelerated structural transformation, initial successes in transformation and upgrading, increasingly obvious agglomeration effects, and increasingly optimized resource allocation... Experts believe that China's machinery parts and components industry will enter the “Twelfth Five-Year Plan” by the rapid growth of scale expansion during the “Eleventh Five-Year Plan” period. The medium-term growth period of "from big to strong" during the period.

In 2011, the total output value of China's general machinery parts and components industry reached 303.7 billion yuan, a year-on-year increase of 21%, a record high. The good situation continued. In the first half of 2012, China's machinery parts and components industry still achieved good development results under conditions of adverse international and domestic development environment.

According to data from the China General Parts Association, in the first half of the year, the industry achieved a total output value of 151 billion yuan, an increase of 4.2% year-on-year, of which the growth rate of gears, chains, springs, and transmission couplings was 4 to 8%. Only the fasteners and powder metallurgy industries recorded a negative year-on-year growth; the total industry import value was 8.213 billion U.S. dollars, an increase of -0.67% year-on-year; the industry's total export value was 5.656 billion U.S. dollars, an increase of 15.8% year-on-year. The industry's exports have become mechanical The highlights of the development of the general parts industry.

Experts said that China's machinery parts and components industry is in a competitive model to upgrade the blowout period, and companies have taken actions to pay attention to strengthening independent innovation and strengthening brand building to the international market. To a certain extent, the industry has entered a new stage of historical development called "destroying the butterfly."