Excavator manufacturers export more to it together

With the acceleration of the national strategy of the "the Belt and Road", China's equipment "going global" is also accelerating. According to the data released by the Ministry of Commerce recently, 26% of the businesses of the countries along the "the Belt and Road" accounted for the first quarter of China. The National Development and Reform Commission has also revealed that it will continue to vigorously promote the "going global" of equipment and international production capacity cooperation, focusing on the overall work of economic communication.

Experts suggest that the "going global" of China's equipment has provided the most important industrial support for the successful implementation of the "the Belt and Road" strategy, and those that are bringing benefits to countries along the line should also go more steadily and high-end. The international market is optimistic about China's equipment industry. According to data released by the National Development and Reform Commission, the growth rate of China's equipment manufacturing exports is much higher than that of other consumer goods exports. In 2014 alone, the export value of China's equipment manufacturing industry reached 2.1 trillion yuan, accounting for 17% of the total product export revenue. Among them, the export value of railway locomotives was nearly 4 billion US dollars, accounting for 10% of the global market share.

Since the beginning of this year, China has signed cooperation talks in the field of nuclear power plants with multiple countries such as France, Argentina, and South Africa, and is currently constructing six nuclear power plants in Pakistan to export more nuclear reactors together. In addition to railways and nuclear power, China's manufacturing industry is also accelerating its pace of "going global" in other fields. At present, China is deeply connecting with Kazakhstan in industries such as steel, cement, flat glass, chemical, machinery, non-ferrous metals, and textiles, and has signed 28 projects with a total investment of over 23 billion US dollars. Promoting the strict meaning of the "the Belt and Road" and implementing the "the Belt and Road" strategy have strict economic and political implications at that time and in the long run.

Firstly, it was an ineffective way to alleviate the conflicting demands at that time. Over the past 30 years of rapid growth, a significant change in the mechanism of economic growth in China has occurred, shifting from supply bundling to demand bundling. Insufficient total demand has become a secondary opposition in economic work at that time, and overcapacity is a manifestation of insufficient demand. At that time, the increasing downward pressure on the economy and the prominent trend of inflation were the effects of inadequate demand. The implementation of the "the Belt and Road" strategy can create complex export demand, transport excess production capacity abroad, and then strengthen the driving force for domestic economic growth. Secondly, there is a demand to break through the bottleneck of power cost supply faced by the long-term growth of the domestic economy. Most of the surrounding countries have a low level of growth, and China's industries are in a vertical division of labor form, with abundant driving costs. Connecting with neighboring countries and establishing convenient channels for large transportation such as railways and water transportation is beneficial in changing the capital disadvantage of neighboring countries to economic disadvantage, enabling them to catch the fast moving train of our country and achieve a mutually beneficial and win-win policy. In the view of Xu Hongcai, Director of the Economic Research Department of the China International Economic Exchange Center,

The reason why China's equipment "going global" has achieved such active results is that many countries recognize the growth prospects of the "the Belt and Road" strategy proposed by China, cooperate with the future economic and trade cooperation, and lay a solid foundation for future economic cooperation through the investment of interconnection infrastructure equipment. This is a huge opportunity for growth. Economist Song Qinghui also pointed out that thanks to China's "thick accumulation" foundation achieved through collaborative innovation in the past 10 years, high-speed rail, nuclear power and other work have grown rapidly. In addition, China has a good cost-effectiveness and an international team, which naturally makes it popular among other countries