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"One Belt and One Road" Provide Strong Support for Manufacturing Industry

2018-06-08

The CPC Central Committee and the State Council have proposed the implementation of the vision and actions of the "Belt and Road Initiative," which is a strategy for opening up to the outside world in the new situation. The “One Belt and One Road” runs through the Asia-Europe and Africa continent. The East Head is an active East Asian economic circle. The western headland is a developed European economic circle. In the middle is a hinterland country with great development potential. According to statistics, along with more than 60 countries, 4.4 billion people, the total GDP accounts for 29% of the world's total. There are both bright spots and advantages in development, and most of them are still underdeveloped and underdeveloped.

Affected by resources, industry, society, and geopolitics, per capita GDP of the countries along the route is only 48% of the world average, and it has strong development aspirations and great potential. In general, these countries are more concerned about the distance experience of China's development. China's roads are exemplary and easy to identify. Everyone has different historical and national cultures and long-term exchanges. There are many similarities in the big pattern of economic globalization and multipolarization. Li Yizhong analyzed that building the “One Belt and One Road” will promote economic, trade, cultural, and scientific exchanges with countries along the route. Joint ventures, cooperation, and deep integration will also drive China’s economic development, the development of the central and western regions, and the improvement of the level of internationalization.

How can Chinese industrial enterprises adapt to the new changes and the new normal?

Enterprises should seek innovation, enhance endogenous motivation and internal vitality. Chinese industrial enterprises should innovate the concept of investment, control the reasonable growth of investment, vigorously adjust the investment structure, and standardize the investment behavior of enterprises. The combination of production, education, and research must work hard on the word “use” to promote the industrialization and commercialization of R&D achievements. Remodeling and recreating the concept of cost reduction and efficiency increase, develop automation and intelligence, and vigorously increase labor productivity.

One is to win by quality, and vigorously adjust the product structure to achieve upgrading. Clothing, textiles, daily-use light industrial products, and foods should be improved in quality and safety, and varieties should be optimized. Modern technology should be used to improve industrial design, increase green environmental protection elements, and increase the competitiveness of traditional industries. Equipment manufacturing, machinery, electronics, information products, etc. have accounted for 45% of the export products, with high technological content and high cost performance. We must vigorously develop smart manufacturing, further increase the added value of products, and adopt international standards in order to obtain wider market acceptance. We will vigorously strengthen the development and production of basic components and components, increase the self-sufficiency rate, change the OEM assembly into independent manufacturing, and improve and expand the industrial chain.

The second is to give play to its advantages, expand openness, and raise the level of development of the manufacturing industry. The advantages of advanced industries such as rail transportation, electric power, telecommunications, construction machinery and other advanced equipment manufacturing have advanced from product export development to project contracting, joint venture cooperation, overseas mergers and acquisitions, cooperative research and development, joint design and brand cultivation. The high-speed rail has cooperation projects with 28 countries and regions. The construction machinery industry has invested in many countries and has also acquired a number of manufacturing companies in developed countries. "Going out" to participate in the host country's electricity, transportation, communications and other infrastructure, cooperation in the establishment of industrial parks, project investment led to product exports. Huawei, ZTE, and China Mobile have established more than 20 4G networks overseas and adopted domestic telecommunication equipment. The railway construction, shipping, construction and other enterprises have undertaken many major projects abroad. At the same time, they have exported and displayed advanced and efficient construction machinery.

The third is to deepen foreign economic and trade reforms and create new business models and new models. China has signed investment and trade protection agreements with some countries and regions, and has promoted the import, export, and investment facilitation. The expansion of e-commerce beyond the borders has extended the service of manufacturing to international trade, and the Internet has also taken root in foreign trade. The government and relevant departments have changed their functions and reduced the approval of enterprises “going out”, simplifying audits and reducing the scope of approved investment projects. We will further implement the policy measures for financial support for foreign trade and study the use of entrusted loans for foreign exchange reserves. Cultivate intermediary services such as development laws, financial insurance, and technical consulting to guide and guide enterprises to “go global” to prevent risks and improve efficiency.

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