The investment growth rate of hydraulic mechanism manufacturing industry has significantly declined
Release time:
Aug 29,2023
Three shortcomings, namely insufficient effective demand, insufficient endogenous motivation of enterprises, and insufficient independent innovation ability. The investment growth rate in the hydraulic mechanism manufacturing industry has significantly declined, and the growth space for traditional consumption is limited. Apart from automobile and information consumption, there are not many new growth points, and the import and export situation is not optimistic. This is a reflection of the insufficient driving force for effective demand growth. The problem of difficult and expensive financing for enterprises is still prominent. Policies such as targeted reserve requirement cuts, interest rate cuts, and tax reductions have hindered policy transmission and resulted in discounts at the implementation level; The phenomenon of enterprises shifting from reality to virtuality is prominent, and many enterprises feel that it is better to do a virtual economy than a real economy, indicating a lack of endogenous motivation within the enterprise. In addition, the problem of insufficient industrial innovation capacity in China is further highlighted. In the past five years, the technology conversion rate in China has been less than 10%, far lower than the level of 40% to 50% in developed countries.
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