Home > News > Industry Activities > China’s Machinery & Equipment Industry Starts Its “West Journey”
By CFM , 2015-05-20 02:10:26
Since the practice of “One Belt And One Road”, numerous Chinese enterprises from varied industries start their “West Journey”, looking for chances overseas. And so does the enterprises from Machinery & Equipment Industry.
High Speed Rail is the leader of implementing the “Walk-out” Strategy. Based on the statistics from Ministry of Commerce, China has taken part in 348 overseas railway construction projects by 2014, 113 increased comparing with that of the last year. On April 27th, the CRCC China-Africa Construction Limited continuously signed contracts with African countries, which totally involved near 5.5 Billion USD.
Equipments also plays an important role in this Journey. According to data, the export value of the Chinese equipment industry in 2014 reached to 2,100 Billion CNY, taking 17% of China’s gross exporting value last year. By far, the GMV of overseas acquisitions by Equipments enterprises took 45% of that of the whole Manufacturing & Equipments Industry.
What behind the success of China’s Machinery & Equipment Industry on this “West Journey” is the up-lifting competitiveness of the products. China’s Manufacturing & Equipment Industry is heading the destination of integrated industrial chain instead of offering only products. By far, China is building 118 Economy & Trade Cooperation Zones in 50 countries around the world, which fact offers chances to build platforms for not only business, but also talents training, and thus adding advantages to the development of China’s Manufacturing Industry.
Overall Rating0 reviews
Evaluate the Details