Long way to go: Focus on China's equipment manufacturing industry, 2010
In the current macroeconomic context, the equipment manufacturing industry plays an important role in the economy as a whole nexus chain. It can not only provide the means of production for the various downstream industries, can also form a huge demand for its iron and steel, nonferrous metals, electric power, electronics, and other industries upstream. Since the international financial crisis, China's equipment manufacturing part of the business has been badly hit, the subsequent sharp decline in orders also showing the trend. Meanwhile, corporate capital chain tensions, fears the arrival of the winter period in the industry. However, with the introduction of the State Council, the equipment manufacturing industry restructuring and revitalization plan and a series of policies, since 2009, China's equipment manufacturing industry is facing unprecedented opportunities, the situation is gradually improving.
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