subject: China's Machinery Industry Facing The Development Of Domestic And International Environmental [print this page] December 2009, Hu Jintao, general secretary of the Central Economic Work Conference in a major speech on the economic situation at home and abroad made a brilliant exposition, we have to combine Machinery Industry Development of practical, serious learning, deepen understanding, accurately grasp the basic trend of economic development, industrial development on the mechanical effects of increased control laws, controlling the situation, advancing the capacity and level of scientific development.
(A) on the current international economic environment
1, the process of stabilization of world economic recovery difficult. In developed countries and some emerging market economies over conventional policy intervention, since the third quarter 2009 of momentum in global recession, signs of economic recovery is becoming more apparent. As the largest economy, the United States is gradually turning the corner, the third-quarter U.S. economic growth of 3.5% annual rate. Eurozone economic growth of 0.4% in the chain, ending five consecutive quarters of economic contraction momentum. Two euro zone economies, Germany and France respectively, the economic chain in the third quarter, an increase of 0.7% and 0.3%. Central Japan in the second quarter GDP rose 0.6% for the five quarters since the first positive growth. Continued growth in the third quarter, growth of 1.2%. After the outbreak of the financial crisis, emerging market and developing economies as a whole continued to grow, to maintain world economic stability has made outstanding contributions. In addition to our country than Asian emerging market economies such as India, Vietnam and other countries in 2009, always maintained a positive growth. The International Monetary Fund reports that emerging market and developing economies generally walk in the forefront of recovery.
However, based on world economic recovery is still fragile, the future economic situation is not overly optimistic. First, the risk of the financial sector has not been eradicated. The second is to stimulate economic recovery can be difficult. Third, cultivate new economic growth point will take time.
2, weak global consumption did not significantly change. Currently the United States the world's largest economy, the fiscal deficit in fiscal 2009 reached 1.42 trillion U.S. dollars, the proportion of GDP, rose 10% to "World War II," its highest level; the unemployment rate rose month by month, in October 2009 rose to 10.3 %. In addition, the euro zone unemployment rate in September increased to the highest level since 10 years, 9.7%, and the future will continue to rise. Japan's unemployment rate from the current 5.4% to 10%. As the largest engine of growth remains sluggish personal consumption expenditures. In general, consumption of the world economic growth will not form a new dynamic. Meanwhile, the major economies weak economic growth, capacity utilization is low, the incentives are still to be seen whether the continuing lack of effective means of recovery of mobility, as well as international energy resource prices and U.S. dollar exchange rate shocks may exacerbate, the world will face inflation pressure, in 2009 global trade in goods and services will decline 11.9%, international trade, there are many obstacles to further recovery and uncertainties.
3, protectionism continues to heat up. Forced by domestic political and economic pressures, technical barriers, trade protection increase, countries introduced or proposed to introduce protectionist measures about 78 items, of which 47 have been implemented. Include raising tariffs, the implementation of trade bans, export subsidies, the abuse of trade remedy measures and various forms of non-tariff barriers to trade. China is already the world's third largest trade body and the second largest exporter, it has become a trend in this round of global trade to protect against the primary objective of the current trade friction over half of the world are on China. The U.S. government announced on September 11 imports from China passenger car and light truck tires to implement a 3-year punitive tariffs, may make more trades after the boycott " Made in China "Action. Argentina, Brazil and other developing countries have also joined the" Made in China "to the ranks of trade protection measures. In addition, as China's rapid increase in exports of automotive products for the automotive industry in China will be significantly increased trade friction. According to statistics, as of the end of November 2009, 19 countries initiated 103 cases against Chinese products trade remedy investigations, involving total 11.6 billion U.S. dollars.
The global economic recovery is not yet stable, national short-term replacement can not find new industries to lead economic recession under the premise that countries are trying to expand their export-led economic growth, which means that the Chinese products, the trade friction difficult to solve in the short term.
