BIZCHINA / Machinery
10th Five-Year Plan
Updated: 2006-04-18 15:00
The Tenth Five-Year Plan of the Machinery Industry and its Development
I.The Tenth Five-Year Plan
According to the national 10th Five-Year Plan, China will further improve
its machinery industry's structure to accelerate the development of
products which are badly needed; to develop quite a few big corporation
groups which are competitive in the world market; to enhance the whole
machinery industry so as to improve its competence to support national
economy and lay a solid foundation for the vitalization of machinery
industry in 2010.
1.The main tasks for the machinery industry
1) Adjust product structure. China will make full use of high and new
technologies and information techniques to rebuild and develop the
mechanical manufacturing industry.Support will be provided to big
corporations so as to help them accelerate product restructuring, help
them apply new techniques, new equipment and new-developed products in
order to promote the technical advancement and industrial upgrading of
the whole sector.
2) Accelerate industry reorganization. China will promote the strategic
reorganization of the machinery and automobile industries to cultivate a
number of large-scaled corporation groups which are competitive in the
world market. China will also support the development of some medium or
even small-sized corporations whose products are unique or well-known to
accelerate construction of the specialized production system.
3) Promote industry reform. China will establish a corporate management
structure according to the requirements of modern corporation system and
accelerate introduction of the shareholding system in State-owned
corporations. Multi-source capital structure will be encouraged and
development of the economic components with different ownerships will
receive government support.
4) Enhance the level of management and administration. With China's entry
into the WTO and the development of economic globalization, China will
try to make full use of two markets, two resources and enhance
cooperation with foreign corporations in the fields of finance,
technology and human resources. China will export more mechanical
products and encourage domestic corporations to establish factories
abroad and to take part in international market competition.
2.The objectives of the machinery industry
1) the output volume
The annual growth rate of the machinery industry averages about 10
percent. In the year of 2005, the output value of the machinery industry
will account for 26 percent of the total industrial output value. The
contribution of the machinery industry to the gross domestic product will
be improved further. The added value of the machinery industry will
account for more than 6 percent of the gross domestic product. The amount
of foreign exchange earned by machinery industry through exports will
reach US$83 billion, which will account for 28 percent of the total
amount of the national export. The labor productivity will doubled that
reached in 2000. Its rate of return on capital will be higher than the
average level of the national industry as a whole.
2)Product and technology restructuring
The restructuring will focus on four aspects. The first focus is on the
major technical equipment which is important for the national economy and
people's livelihood and related to the safety of the national economy and
will have great influence on the adjustment of the national industrial
structure.
The second one is on automobile products and the manufacturing of
relevant products, which can achieve remarkable profits through mass
production and whose connections among each other or with related
industries are considerably close.
The third one is on advanced and applicable agricultural equipment which
will be helpful to the modernization of the national agriculture. The
last one is about the key basic products such as the numerical-controlled
machine tools which will provide the equipment for the whole
manufacturing industry.
By the year of 2005, the unbalance between supply and demand in the
machinery industry will be changed. A majority of the equipment which is
needed by agriculture, electric power, metallurgy, nonferrous metal,
petroleum, petrochemistry, light industry, textile industry, coal
industry and transportation construction will be supplied by the domestic
machinery industry. The quality of the equipment will be stable and
reliable and the performance of the main products will be close to the
advanced level in the world.
The market share of numerically-controlled machine tools made in China
will account for 50 and 65 percent according to the value and the output
volume respectively. The gap between the production of the basic
mechanical parts and the whole set of the large-scaled equipment will be
narrowed considerably.
Among the automobile products, the development of economy cars will be
comparatively faster. China will enhance the percentage of cars, diesel
automobiles and vehicles powered with substitute fuels in the production
of automobiles. The quantity of motorcycles exports will be expanded. All
the key enterprises of the machinery industry must set up their own
technology development centers so as to enhance their innovation ability
and large-scale key enterprises should be able to develop their own main
products independently.
3).Industrial restructuring
China will encourage cooperation between the strong corporations even
they belong to different industries, different regions and different
ownership. By 2005, 10 to 15 large-scale corporation groups will be
preliminarily set up and they will have independent intellectual property
rights, be competitive in the world and become the backbone of the
machinery industry.
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