Analysis of the current situation of China's machine tool industry in 2009

The status quo of the domestic machine tool market: domestic foreign businessmen look over

“Because of the economic downturn, foreign orders have decreased. Even for orders that have already been completed, foreign buyers are slow to pick up the goods. The increase in inventory is becoming a pressure for the company,” said a person in charge of a machine tool parts exhibitor.

A person in charge of machine tool exhibitors believes that factors such as cost pressure and rising product prices will have an impact on exports.

When the economic environment is not expected to recover in the short term, the country's regulatory policies will become a straw. According to the relevant regulations of the state, the tax reduction and exemption policy for importing machine tools of foreign-funded enterprises has been adjusted: the tax incentives for foreign-invested enterprises to import self-use machine tools and pressure-forming machines began to be implemented on November 1, 2008. This means that foreign companies importing these equipment will not be able to enjoy the exemption from customs duties and VAT benefits as they have in the past.

After the policy is adjusted, the newly approved foreign-funded projects will be subject to tariffs if they import the CNC machine tools and pressure forming machines listed in the “Domestic Non-Tax List”. In other words, foreign-funded enterprises can only enjoy relevant benefits if they import CNC machine tools and pressure forming machines that cannot meet the requirements of the existing domestic technology. Previously, foreign-funded enterprise projects were subject to import tariffs on imported CNC machine tools and pressure forming machines within the total investment.

The hardware and tools industry is looking forward to the emergence of favorable policies, and is expected to be led by the dawn of policy into a new round of growth. Indeed, the adjustment of the tax reduction and exemption policy aims to support domestic manufacturing and encourage foreign-funded enterprises to purchase more domestic equipment. According to statistics, in 2007, the total value of duty-free imported self-use machine tools and pressure forming machines for foreign-invested enterprises in our province was 257 million US dollars, and the accumulated tariff reduction and exemption was 150 million yuan.

Due to the variety and wide range of imported equipment involved in this policy adjustment, considering the actual situation of some foreign-funded enterprises, the new policy has set a buffer period, that is, encouraged foreign-invested projects approved before May 1, 2008, if the project The equipment involved in this policy adjustment is included. The project unit can apply for the tax reduction and exemption approval formalities with the relevant documents such as the project confirmation letter before November 1, 2008.

The implementation of this policy has made the mechanical hardware industry in the fog of the financial crisis see the hope of development. For many years, due to the demand of foreign-funded enterprises for high-tech machine tools and the preferential policies given by China’s policies, foreign businessmen always The arrogant eyes are invested overseas, resulting in a large outflow of procurement funds. The adjustment of this policy also insinuates another subtext. The number of CNC machine tools in China has entered a mature stage from the growth stage, that is, the number of CNC machine tools and pressure forming machines that cannot meet the requirements of domestic technology has been greatly reduced.

Also rejoicing for this policy adjustment is the hardware tool enterprises used in machine tool parts companies and machine tools. Because of the development of the domestic machine tool industry, it is bound to drive the prosperity of the parts industry and hardware tools industry. Driven by the interests, the eyes of foreign investors will look to the domestic market.

Interpretation of foreign joint ventures: the pain of joint venture with foreign companies

The state's support for the machine tool equipment manufacturing industry will naturally bring a large number of purchase increments to China's related industries. However, in the face of China's surge in the parts and tools market, how can foreign investors turn a blind eye and remain indifferent?

It is undeniable that since the reform and opening up, China's machine tool industry has made a qualitative leap in technology through the "introduction" and "going out" strategies, but the added value of China's products has yet to be improved compared with foreign products.

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