How to Deal with the Weakness of Domestic Machinery Industry

Date:10/16/2012 02:23:24

It is well known to all that the machinery industry in last year has undergone prosperous development as a result of large-scale infrastructure construction and financial support. However, machinery industry has relatively low market demand and profits due to the poor macropolicy and price rise of raw materials. So, how to deal with the weakness of the domestic machinery industry?

On one hand, we should realize the favorable situation. For example, although the investment in railway obviously slows down in the first half year, invite bids will be launched by Ministry of Railways in the future half year. Consequently, railway industry will keep stable growth. During the '12th five-year-plan', the investment in railway industry will not reduce. Additionally, the rapid development of urban railway construction undoubtedly contributes to the development of machinery industry. Therefore, we should prepare for the forthcoming opportunity.

On the other hand, machinery industry should adopt vigorous measures to turn the tide. As far as we know, compared with the overseas advanced manufacturers, China machinery manufacture industry has a long way to go so as to catch up with the overseas manufacturers. What we should do is to focus on the research on the product performance and quality in order to create own brand.

As a part of China machinery manufacture industry, Henan Hongxing Machinery knows well the importance of research and development. At present, Hongxing Machinery successfully designs and develops the third generation jaw crusher. Hongxing firmly believes that only by unremitting innovation can it have more prosperous development in the future.