Downward pressure on industrial growth in China – Industrial – Machine Tool Industry
11 5 The Industrial and Information Technology in the third quarter of 2008 held a press conference on economic performance that the serious impact of international financial turbulence the global economy, world economic growth slowing, the negative impact on China's economy further show, on particularly the impact of industry, increased downward pressure on industrial growth, some industries, production and operation of small and medium enterprises face difficulties.
Slowdown in industrial production in China
—- Downward pressure on industrial growth. In September, more than the scale of industrial added value increased 16% from June down to 11.4%, the lowest since April 2002. Electricity, crude oil processing volume increased by only 3.4% and 3.7%, crude steel production fell 9.1%. The first three quarters of export delivery value of industrial products increased 15.7% year on year drop of 6.1 percentage points, in September increased by only 12.6%.
—- Energy, raw material price fluctuations. This year, the international market of crude oil, coal, steel and other high price from the high fall, most of the domestic energy and raw materials prices rose sharply after the first half, fell into different ranges of the second half of the 10 end of the main varieties of steel prices in July fell in mid-2000 yuan / ton, nonferrous metals, chemicals, and the price of energy products fell significantly with some companies difficult to adapt to market volatility.
—- Some industries, production and operation of small and medium enterprises face difficulties. 1-8 months, loss of industrial enterprises above designated size 18.3%, 2 percentage points year on year expansion, power, textile, non-ferrous industry losses in serious condition. Pearl River Delta, Yangtze River Delta and the western part of the emergence of SMEs stopped production.
—- Food security and production safety issues seriously. Sanlu infant milk powder quality and safety incident, causing a bad impact on society. Timely deployment of the State Council, serious disposition, strengthen inspection supervision of the dairy industry in full swing rectifying and standardizing the current production is gradually restored, cut-off surface at about 20%. In the safe production, since late August, there were several successive lifting accidents in production, the basic work safety management business is weak, poor oversight and other issues are still outstanding. (Source: Ministry of Industry and Information Technology website)
Export tax rebate rate of some enterprises are expected to increase again
Ministry of Industry and Information said yesterday SME Secretary Wang Liming, China is expected to be part of the labor-intensive industries and enterprises to increase the export tax rebate rate by 1 percentage point; the central government will further increase its lending to SMEs, discount of support, will soon be introduced to further increase the guarantee system for SMEs policies and regulations. People's Bank and the Ministry of Industry, also from the financing and management for our part of the industry and SME development.
Li-Ming Wang is the economic performance in the third quarter press conference for the above remarks. According to the Ministry of Industry and Statistics, the first three quarters of industrial production, enterprises have maintained rapid growth. Above-scale industrial added value increased 15.2%, of which light and heavy industry rose by 13.1% and 16%. 1-8 months of above-scale industrial profits 1.8685 trillion yuan, up 19.4%. Industrial, communications operations have been generally good.
Run Ministry of Industry and Coordination Bureau Zhu Hong Ren Jieshao monitoring in recent months, economic operations there have been some new situations and changes. Serious impact of international financial turbulence the global economy, world economic growth slowing, the negative impact on China's economy further show, the impact on the industry especially. Specifically shown by the downward pressure on industrial growth. In September, more than the scale of industrial added value increased 16% from June down to 11.4%, the lowest since April 2002. Electricity, crude oil processing volume increased by only 3.4% and 3.7%, crude steel production fell 9.1%. The first three quarters of export delivery value of industrial growth in 15.7%, down 6.1 percentage points year on year, in September increased by only 12.6%. Energy and raw materials price fluctuations, the majority of domestic energy and raw materials prices rose sharply after the first half, fell into different ranges of the second half, part of the enterprise is difficult to adapt to market volatility. Some industries, production and operation of small and medium enterprises face difficulties. 1-8 months, loss of industrial enterprises above designated size 18.3%, 2 percentage points year on year expansion, power, textile, non-ferrous industry losses in serious condition.
He pointed out that the next stage, in line with policies to expand domestic demand, Industry and Information Ministry will increase the development of new industrialization and weaknesses in key areas of investment, speed up earthquake reconstruction, industry start as soon as possible post-disaster reconstruction project. To maintain a reasonable scale of investment premise, vigorously strengthening technological innovation in support of industrial innovation, industrialization and information fusion, using high technology to transform and upgrade traditional industries, promoting the optimization and upgrading of products, energy saving and reducing consumption, clean and safe production. Increase policy support for SMEs, to encourage industrial policies, strong business conditions in the eastern region to central and western regions. Support full implementation of the development of policies and measures TD, 2 TD Guidance Tender And investment and construction.
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