China's mechanical and electrical product growth is relatively stable

International trade Since the Second World War, intra-industry trade has grown rapidly, which means that the volume of trade between similar products in different countries has increased significantly. One of the reasons is the globalization of the production of electromechanical products led by multinational corporations, which has accelerated the optimization and adjustment of the structure of the global electromechanical industry, changed the traditional mode of trade of manufactured goods imported from many primary countries, and produced many of the same industries. Exports and imports of intra-industry trade. It not only greatly increased the trade between developed countries, but also increased the trade between developing countries and developed countries and between developing countries. The vigorous development of the internal trade of multinational companies has made more and more intermediate products of electromechanical products become the mainstream of world trade.

China has been the world’s largest exporter of electromechanical products for the fifth consecutive year. In 2013, China’s total import and export of mechanical and electrical products exceeded US$2 trillion and reached US$2.1 trillion. It has become the world’s largest trading nation of electromechanical products for the fourth consecutive year, an increase of 290 times compared to 1980. Among them, exports increased from 1.56 billion U.S. dollars to 1.26 trillion U.S. dollars, accounting for 8.6% of the country’s exports.

From the 1980s onwards, it mainly focused on the export of primary products such as metal products and machinery and equipment. By 2013, the proportion of high-tech products in mechanical and electrical products exported had reached 50.5%. In more than 30 years, China’s exports of electromechanical products range from fewer to more, The level of technology from low to high, market competitiveness from weak to strong, the overall structure has undergone fundamental changes. The vigorous demand for imports has also played an important role in accelerating the pace of technological transformation of enterprises and promoting the transformation and upgrading of industrial structures.

In the endeavor to become the largest country in the trade in goods, the results of mechanical and electrical products are encouraging.

At present, China has initially formed a commodity structure with complete categories, distinctive industry characteristics, and high-tech, high-value-added products. Wang Guiqing, vice chairman of the Chamber of Commerce for Import and Export of Mechanical and Electrical Products, said that in particular in key industries, China's mechanical and electrical products have become one of the representatives of China's industrial level and manufacturing in China.

For example, China has become the world's largest producer and exporter of electronic information products. The shipments of computers and mobile phones have accounted for more than 70% of the world's total; XCMG, Zoomlion, and Sany Heavy Industry and other construction machinery companies It has entered the top 10 global industry rankings; large stand-alone machines and complete sets of equipment have become the core forces driving Chinese manufacturing out and so on.

In particular, during the past 30 years, the proportion of general trade and processing trade in exports of electromechanical products in China has experienced 55% and 43% from 1985, 23% and 74% in 2001, and 35% and 51% in 2013. This process of development and change shows that China is gradually ridding itself of its dependence on processing trade. Its industrial structure extends to both ends of the global value chain, and its ability to participate in international competition continues to increase.

In addition, the main body of electromechanical trade is gradually diversified. In particular, the proportion of private enterprises’ exports has grown from less than 5% in 2001 to 30% in 2013, and the average annual growth rate of 40.3% has become an important force driving the growth of China’s mechanical and electrical foreign trade. The vast export market, stable channels, and increasingly balanced layout are all welcome changes. With the recovery of the world economy and the gradual release of a series of policy effectiveness, China's deepening of reforms and opening up to the outside world, China's foreign trade in electromechanical products will maintain relatively stable low-to-moderate growth, and will continue to maintain its leading position in global electromechanical trade in the next 10 years. Wang Guiqing said.