In the context of economic restructuring, transformation and upgrading, Chinese equipment manufacturing represented by high-speed rail and nuclear power The industry is becoming an important engine of China's economic growth and has a major impact on the global economic, trade and investment pattern.
'In the coming year, China will encourage enterprises to participate in overseas infrastructure construction and production capacity cooperation, and promote the development of railway, electric power, communication, construction machinery and other equipment. The world. This is China's new positioning of its expertise in the global economy, and it is also a new trend in international economic cooperation,' commented an article published by RIA Novosti a few days ago.

Chinese equipment 'going out' to promote a new pattern of international production capacity cooperation

Made in China goes to the world
The 'going out' of Chinese equipment is closely related to China's ability to build infrastructure, and this ability has attracted the attention of the world. From 'Made in China' to 'Constructed in China', it reflects the change of China's participation in the international division of labor. Behind the 'construction' is the export of a large number of equipment-type capital-intensive products.
  Some international observers have concluded that China's exports of goods 'from light to heavy', ranging from clothing, shoes and hats and other light industrial textiles to heavy equipment such as railways and nuclear power; the technological content of the exported commodities 'from low to high', from low-value-added daily necessities to high-value-added electronic products and large-scale mechanical equipment; participation in international division of labor 'from shallow to deep', from simple Commodity exports to the output of the 'whole industry chain' of products, technologies, and services.
In 2014, the export value of China's equipment manufacturing industry reached 2.1 trillion yuan, covering railways, mobile communications, construction machinery, nuclear power equipment, etc. many industries.
Equipment goes overseas to upgrade the industry
From the perspective of RIA Novosti , '(China) consumer goods exports will not disappear, but they already belong to the glory of the past', and the equipment manufacturing industry represented by high-speed rail and nuclear power will help build the future of China's economy.
Premier Li Keqiang of the State Council recently pointed out that accelerating the 'going out' of Chinese equipment and promoting international production capacity cooperation is the key to improving the quality and efficiency of the Chinese economy. The measures are conducive to cultivating new advantages in opening up to the outside world, promoting the formation of a new pattern of an open economy with good imports and good exports, and deeply integrating the Chinese economy with the world economy at a higher level.
Specifically, 'going global' with equipment will force enterprises to improve their competitiveness. By supporting the 'going global' of Chinese equipment, allowing Chinese enterprises to compete with multinational companies with advanced technology and strong strength in the international market will force enterprises to continuously improve technology, quality and service levels, and improve the overall quality and core competitiveness of enterprises force.
Equipment 'going out' is conducive to the optimization and upgrading of domestic industries. Taking high-speed rail as an example, the high-speed rail industry involves high-tech industries such as metallurgy, machinery, construction, rubber, electric power, information, computers, and precision instruments. The high-speed rail going global will definitely drive the development of a number of high-tech industries and promote the transformation and upgrading of China's industrial structure.
It is an urgent need to 'go global' with equipment to promote export upgrades. At present, China's exports still have a competitive advantage, but with changes in resource factors such as labor, the competitive advantage of traditional industries is weakening. At the same time, the equipment manufacturing industry is gradually becoming an important growth point for China's exports. In 2014, the export volume accounted for 17% of all product export revenue.
China's supply benefits the world
At present, Chinese equipment is priced at In terms of quality, technology and supporting services, it has comprehensive comparative advantages and can meet the needs of many countries for infrastructure and industrialization.
Some observers pointed out that China's railway equipment has opportunities to compete in both developed and developing countries. The former is currently in a tight financial situation and prefers to choose high-quality and cheap 'Made in China' when updating old infrastructure facilities; the latter has weak infrastructure and urgently needs railways as a link for development, but with limited financial resources, it will also give priority to introducing cost-effective 'Made in China' Chinese goods'.
Premier Li Keqiang pointed out that many countries have a great demand for infrastructure construction and industrialization, and supported the 'going out' of Chinese equipment and the promotion of international production capacity cooperation , which is conducive to the accelerated development of relevant countries, and can create more opportunities for China to cooperate with developed countries to develop third-party markets.
Some analysts believe that, from an industrial perspective, Chinese enterprises can help host countries form comparative advantages in industrial clusters by 'going out' and improve and optimize Its industrial system, in turn, drives local economic development and industrial upgrading, and helps related countries further attract international investment, thus forming a virtuous circle.
From a financial perspective, Chinese capital needs space for international expansion, while developing countries have limited financial resources, so the two fit together. In addition, China's foreign production capacity cooperation can also be combined with local existing resources, talent reserves and government development strategies, which is a feasible model of mutual benefit and win-win.
Kenyan President Uhuru Kenyatta said when inspecting the Mombasa-Nairobi railway track-laying test section undertaken by China Road and Bridge Corporation this year The Mombasa-Nairobi Railway will increase the annual growth rate of the Kenyan economy from 5.8% to 8%, create tens of thousands of jobs, and lead Kenya to achieve economic transformation.
Now, on a global scale, a new wave of infrastructure construction and international production capacity cooperation is on the rise, and it has gradually become an important factor for many countries to promote economic development. An important measure for development, poverty reduction, and improvement of people's livelihood. On the one hand, this provides an important opportunity for Chinese equipment to 'go global'; on the other hand, it also provides a stage for the deep integration of the Chinese economy and the world economy at a higher level, mutual benefit and win-win results.