China Makes Adjustment In Manufacturing Structure

China makes adjustment in manufacturing structure

The manufacturing industry is the strategic and basic industry supplying technical equipment for the various sectors of the national economy and national defense, is an important guarantee for the industrial upgrading and technological progress of science and technology industry and a concentrated expression of the comprehensive national strength. Mining machinery manufacturing industry is an important part of the manufacturing industry; in recent years, mining machinery manufacturing development appears export-oriented features, the overall exports grow, electrical machinery, traditional categories such as ball mill equipment, crusher equipment and other machinery products export increased greatly.

The coal mining industry promotes the development and major structural adjustment of China's mining machinery and equipment industry. Recently, mining machinery and equipment stocks ushered in a new opportunity for the rise, mainly because the Ministry of Land and Resources issued a plan to promote deep prospecting work, promoting the solid mineral exploration in China to the depth and expand to achieve a major breakthrough of the prospecting.

Currently, the structural adjustment of China's mining machinery manufacturing industry has made important progress, capital structure becomes diversification, major industry continuously improve industrial concentration, fixed assets sustainably and rapid grow. At the same time, the scientific and technological innovations become strong driving force to promote the industry continues to develop and significantly improve the quality of development.

China's mining machinery manufacturing industry continues to adjust and optimize the structure of the mining machinery industry to promote industrial upgrading. China mining machinery industry is a labor-intensive industry. China's export products, labor-intensive products will remain dominant for a long period of time, at the same time, we should also see a variety of reasons, the advantages of labor-intensive export products is slowly weakening. Mining machinery industry of China in order to have a long-term development, it needs to adjust and optimize the industrial structure, continue to give full play to the advantages of traditional mining machinery industry, also vigorously develop the knowledge and technology-intensive industries and emerging industries to promote the mining machinery industry upgrade. The is only way to shorten the gap between the mining machinery industries in China with developed countries as soon as possible.

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by: nicole

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