2020 Shandong equipment manufacturing industry revenue is expected to reach 30%

Equipment manufacturing industry is an important pillar of Shandong's industrial economy. It is both a traditional advantageous industry and a strategic emerging force. On the afternoon of the 13th, Qian Huotao, director of the Shandong Provincial Economic and Information Committee and party secretary at the Press Office of the Information Office of the People's Government of Shandong Province, pointed out that at present, the equipment manufacturing industry’s revenue accounts for 27% of the province’s industry. Hopefully, It will exceed 28% by 2017 and 30% by 2020.
Qian Huantao said that the inclusion of the equipment manufacturing industry in a limited number of target systems is not only due to the large scale of its existing total volume. More importantly, equipment manufacturing industry is a core component of industry and is a national. Economic development is an important foundation for industrial development in particular. The establishment of a strong equipment manufacturing industry is the fundamental guarantee for enhancing the industrial comprehensive forces and realizing the new type of industrialization. The level of industrial restructuring and transformation and upgrading in a region is a major sign of equipment manufacturing.
"Comparably, when we started to formulate this action plan last year, the Ministry of Industry and Information Technology is also working on the "China Made 2025 Plan Outline." Qian Huantao said that the main thrust of the program is to develop smart manufacturing; one of the main goals It is necessary to develop advanced equipment manufacturing industry and vigorously support the development of strategically important industries such as CNC machine tools and basic manufacturing equipment, aviation equipment, marine engineering equipment and ships, and automobiles that are closely related to the national economy, national defense construction, and people’s lives. The international advanced level has already made breakthroughs in key industries such as space equipment, communication network equipment and rail transit equipment. “As a result, when we were preparing this provincial action plan, we repeatedly learned from the leaders and experts of the Ministry of Industry and Information Technology, and while conducting comprehensive research and planning, we also focused on scientifically setting and guiding the goals and directions of the equipment manufacturing industry. We have now seen what we have seen, both in the development of new industries, high-end equipment manufacturing, and in the transformation and upgrading of traditional industries, including automobiles, construction machinery, ships, and agricultural machinery."

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