Manufacturing industry in China: to pick up the middle of the

As Chinese highlight manufacturing industry transformation and industrial upgrading, once again usher in a good policy. April 6th, Premier Li Keqiang chaired a State Council executive meeting, decided to implement the equipment manufacturing industry standardization and quality improvement plan (hereinafter referred to as the plan), to lead the Chinese manufacturing upgrade.
The meeting that adhere to the standards of building manufacturing powerhouse, is the lead, especially structural reform is an important content of the supply side structural reform, improve supply and increasing demand, promote the industry towards high-end products. In the construction of manufacturing power “ ” the target is emphasized again, Chinese manufacturing industry in the recent performance also showed a spring.
In April 1st, the National Bureau of statistics released data show that in 2016 March, China Manufacturing Purchasing Managers Index (PMI) higher than the previous value of 49, higher than the expected value of 49.4, 50.2%, last month rose 1.2 percentage points, to expand the range, which is the manufacturing PMI for the first time since last August to above the ups and downs.
After the spring festival began to focus on the enterprise, and the recent supply side structural reforms to accelerate the manufacturing industry production and market, the National Bureau of Statistics Survey Center Services Senior Statistician Zhao Qinghe gives a reason.
Bank of Communications (5.520, -0.01, -0.18%) Financial Research Center Senior Analyst Liu Xuezhi told the "China Sankei Shimbun" reporter analysis, the last two months many macroeconomic data have rebounded, a manufacturing PMI which is also now the entire manufacturing PMI back above 50%, a relatively large rise, and this January since the economy related to the good. Secondly, demand is also a major contributing factor, on the one hand compared to investment growth rebounded last year, on the other hand, the rapid growth of new projects, and some manufacturing and production related building materials prices on the rise, reflecting the demand on the rise, which led to the manufacturing production, and promote manufacturing PMI rebounded.
Under the influence of many favorable factors, the subsequent performance of the manufacturing industry PMI also raised concerns. Liu Xuezhi believes that there are many positive factors such as the first half of this year, plans to start the project has increased, and as a steady growth in efforts to increase this year, including fiscal policy, deficit efforts are increased, which all contribute to the production of the next rebound, manufacturing PMI should be maintained at the level of a little more than 50%.
However, Liu Xuezhi cautioned that the need to pay attention to is that the whole manufacturing industry and the whole economy there are still some pressure, especially with the capacity to promote the manufacturing industry will face greater pressure, so that the whole manufacturing industry PMI significant rebound to a higher level can not be great.
So, the "planning" of the implementation can play a role?
The State Council executive meeting the requirements of the "planning" docking "Chinese manufacturing 2025", aiming at the international advanced level, accelerate key technical standards development, promote the standard in robotics, advanced rail transportation equipment, agricultural machinery, medical equipment and other key areas of high performance to achieve new breakthroughs, and adapt to the progress of innovation and market demand to update the standards, and strive to 2020 the international standards in key areas of the conversion rate from the current more than 70% increased to more than 90%.
Enhance the status of China's manufacturing industry in the international market through industry standard competition, which is very important for the further improvement of the level of manufacturing industry. At the same time, "2025" China manufacturing is given Chinese advanced the first ten years of the programme of action for manufacturing power, outlined the blueprint for the development of the manufacturing.
However, "2025" and "Chinese manufacturing plan" is a major favorable policies, but the long-term effect of manufacturing industry is more obvious, especially the transformation of the entire manufacturing future upgrade, especially in emerging industries and high-tech industries will play a great role in promoting, in the short term, the policy planning the manufacturing industry especially the traditional manufacturing industry to promote more limited role, Liu Xuezhi said.