Private enterprises in China's machine tool industry welcome major benefits and can develop with peace of mind

Release time:

2023-09-16 16:15

On the morning of November 1, Xi Jinping hosted a symposium on private enterprises in Beijing and delivered an important speech. He emphasized,

“The basic economic system in which public ownership is the main body and multiple ownership economies develop together is an important part of the socialist system with Chinese characteristics and an inevitable requirement for improving the socialist market economic system.”

"Our principles and policies of unswervingly encouraging, supporting and guiding the development of the non-public economy have not changed, and our principles and policies of creating a good environment and providing more opportunities for the development of the non-public economy have not changed."

"All private enterprises and private entrepreneurs can take reassurance and develop with peace of mind."

“Private enterprises and private entrepreneurs are our own people”
This is an extraordinary symposium of the highest standard. 10 entrepreneur representatives spoke successively and put forward opinions and suggestions on supporting the development of private enterprises under the new situation. After carefully listening to everyone's speeches, Xi Jinping delivered a very important speech. He said,

Over the past 40 years, my country's private economy has become an indispensable force in promoting my country's development. It has become the main field of entrepreneurship and employment, an important subject of technological innovation, and an important source of national tax revenue. It has contributed to the development of my country's socialist market economy, the transformation of government functions, and rural surplus. Labor transfer and international market development have played an important role.

After the reform and opening up, private enterprises have emerged one after another in our country, and more and more private capital has intervened in the machine tool industry. According to data from the National Bureau of Statistics, in 2000, the number and output value of private enterprises accounted for less than 20% of China's machine tool companies. Later, with the restructuring of a number of state-owned enterprises, more private capital entered the machine tool industry.
During the "Tenth Five-Year Plan" period (2001-2005), the economic composition of China's machine tool industry changed more and more obviously. The number of private economic enterprises increased from 521 in 2002 to 829 in 2005, and their proportion increased from 23.42% to 42.86%. During the "Eleventh Five-Year Plan" period (2006-2010), the privatization trend of China's machine tool industry became more obvious. The number of private enterprises increased from 1,160 in 2006 to 4,986 in 2010, and their proportion increased from 48.3% to 78.3%. %. In the industry-wide sales output value, the output value of private enterprises increased from 29% in 2006 to 69.5% in 2010.

The industry began to decline in 2011, and industry companies experienced adjustments in the following years. By 2015, the number of private machine tool companies in China had dropped to 4,623, accounting for 81.7%. At the same time, the quality of its development is remarkable. In 2015, the total profits of China's private machine tool companies accounted for 86.3% of the entire industry, demonstrating their flexibility and competitiveness in a sluggish market environment.

At the symposium, Xi Jinping also said,

For a long time, private entrepreneurs have organized and led millions of workers to work hard, start businesses with hard work, and innovate continuously with their pioneering sense of innovation and perseverance. Our country's economic development can create the Chinese miracle, and the private economy plays an indispensable role.
Indeed, after years of hard work, unremitting efforts and pioneering and innovation, China's private machine tool enterprises have won more and more attention and respect with their increasing achievements. Today, there are Zhejiang Rifa, Beijing Jingdiao, Han's Laser, Jiangsu Yawei, Ningbo Haitian, Chengdu Prius, Guangzhou CNC, Dalian Guangyang, Shandong Yonghua, Zhejiang Heidemann, Guangzhou Minjia, Fujian Jiatai, etc. Private enterprises, with their product quality constantly improving and their service areas expanding, are playing an increasingly important role in the national economy and even compete with top players on the international stage.

Xi Jinping pointed out that in the process of my country's economic development, we must continue to create a better development environment for the private economy, help the private economy solve difficulties in development, turn pressure into motivation, let the source of innovation in the private economy fully flow, and let the creative vitality of the private economy fully burst out. . At present, we must focus on the implementation of policies and measures in six aspects.
The first is to reduce the tax burden on enterprises; the second is to solve the problem of difficult and expensive financing for private enterprises; the third is to create a fair competition environment; the fourth is to improve policy implementation methods; the fifth is to build a new and friendly government-business relationship; and the sixth is to protect the personal and property of entrepreneurs. Safety.

These are undoubtedly very pragmatic and major good news. Each piece of information contains highly valuable and nuanced policy measures, which will have a very good boosting effect on the entire industry. In the journey of in-depth implementation of Made in China 2025 and comprehensive revitalization of China's manufacturing industry, private machine tool companies will continue to grow and develop and move towards a broader stage. I believe that many private entrepreneurs in China's machine tool industry will make full use of these policy supports and plan for the future development of their respective companies with peace of mind. At the same time, in future development, entrepreneurs will also focus on making better use of their own advantages, overcoming shortcomings, making up for shortcomings, improving business capabilities and management levels, accelerating corporate transformation and upgrading, and contributing more to the revitalization of the industry. !