subject: Key Industries Will Undergo Reform [print this page] China"s cabinet has decided to push forward economic reform in key sectors, including energy and railways, as part of the goals the current government promised to achieve before it completes its tenure.Henan Hongxing Mining Machinery Co., Ltd is a joint-stock mining machinery manufacturing enterprise integrated in scientific research, production and marketing. It is located at the High & New Technology Industries Development Zone of Zhengzhou,China with an area of 50 thousand m2 which includes 15,000 m2 of standard heavy duty industrial workshop. Equipments are more than 160 pieces, including large and medium sized metal processing, riveting and installing equipments. There are more than 660 workers including 80 administrators with secondary and senior occupational titles and engineering technicians. In order to promote the competitive strength, the advanced technologies have been introduced from America, Germany, Japan and Australia, which established the international advanced production line, first-class modern testing base as well as research centers of sand maker, mill and mine-selecting equipment. Scientific management, advanced processing technology and innovative manufacturing theory make the company become the mining machinery manufacturing and exporting base in China.The State Council said Thursday that it has approved a reform plan for 2012 mapped out by the National Development and Reform Commission (NDRC).The government will deepen pricing reforms for resource products and work on implementing tiered electricity pricing for residential users, as well as create a market-based refined oil pricing mechanism, according to a document posted on the State Council"s website.The government is working on detailed measures to encourage private businesses to enter the railway, finance, energy, telecommunications and education sectors, the document said, adding that more resources will be used to foster financial institutions that can serve the agricultural industry and small-sized businesses.China"s interest rate formation mechanism will become more market-directed and a new stock issuance and retreat system will be improved, the document said.The document said the creation of a reform plan for the railway sector is under way.In the wake of global turbulence and pressing domestic demand for economic restructuring, China lowered its GDP growth target to 7.5 percent this year after keeping it around 8 percent for seven consecutive years,By setting a slightly lower GDP growth rate, China hopes to achieve "higher-level, higher-quality development over a longer period of time," Premier Wen Jiabao said at the opening of China"s annual legislative session earlier this month.Analysts said slower growth targets leave room for deepening economic reforms, which they believe are vital for sustaining China"s economic boom.As the professional manufacturer of complete sets of mining machinery, such as Screw classifiers,Cement machinery,Dryer machine, Henan Hongxing is always doing the best in products and service.Cement equipment:http://www.crusher-machine.com/38.html cement making plant:http://www.crusher-machine.com/
