What achievements has China's equipment manufacturing industry made?

After 30 years of reform and opening up, China's equipment manufacturing industry has made remarkable achievements, formed an equipment manufacturing system with a considerable scale and a certain level, and made important contributions to national economic development and national defense construction.

1. First, important progress has been made in the structural adjustment of China's manufacturing industry. The pattern of state-owned and state-controlled enterprises as the main body has undergone historic changes, and the capital structure tends to be diversified. While state-owned enterprises undertake major scientific research projects, private enterprises have also made great progress and formed a certain scale. This has promoted the healthy development of China's manufacturing industry, and truly reflected the idea of simultaneous development of various ownership economies with public ownership as the theme.

2. The industrial strategic layout has been greatly improved. After years of efforts, we have formed industrial bases in central and southern Liaoning, Beijing-Tianjin-Tangshan, Shanghai-Nanjing-Hangzhou and Pearl River Delta. This has formed a relatively balanced industrial base in the north, middle and south. Under such a layout, the industrial concentration of major manufacturing industries in China has been continuously improved.

3. Third, the international competitiveness of China's equipment manufacturing industry has improved significantly. With the development of China's economy, exports have shifted from simple textiles to some equipment manufacturing products. Since 2006, China has reversed the import and export deficit of equipment manufacturing industry and maintained its cost advantage.