"Economic Blue Book" Causes Reflection on Instrumentation Industry

Recently, the "Economy Blue Book Spring: Analysis of China's Economic Prospects in 2016" (hereinafter referred to as the "Blue Book") was jointly held by the Department of Economics of the Chinese Academy of Science and Technology and the Social Science Documentation Press. The Blue Book pointed out that China’s economic development in 2016 is still full of hope. As one of the basic industries of the national economy, the instrumentation industry has an impact on the development of China's economy. Therefore, it is imperative to solve the phenomenon of overcapacity and ensure the stable operation of China's economy.

The Blue Book points out that after years of development, Chinese manufacturing is no longer the same language. However, at the same time of development, various contradictions have also emerged. One of the outstanding performances is excess capacity. As far as the instrumentation industry is concerned, due to the importance our country attaches to the industry in recent years, the annual production volume and tendering rate have continued to grow at a high rate, and the annual growth rate can be maintained at more than 30%. Investment projects in various instrumentation and instrument industries begin gradually. concentrated. However, due to the fact that the application of domestic products and domestic demand have not been correspondingly increased, the overcapacity problem in China's instrumentation and metering industry is more serious, and government tendering is therefore subject to greater restrictions.

The two major policy developments are aimed at such a status quo. How should the instrumentation industry solve the problem of industrial surplus? Maybe you can get a solution from the Blue Book. The Blue Book points out that the lack of enterprise vitality is the main problem facing the current industrial economic growth. In the instrumentation industry, as China's technology lags behind imported products, it will lead to a leaner, more profitable operation concept. It will only produce low-tech products and rely on quantity to make profits, but this will often result in an endless loop of overcapacity.

Therefore, one of them is the need to increase the research and development of instrumentation core technologies. If all companies are focused on existing technologies and products without attacking core technologies and components, they will never be able to expand domestic demand and reduce the harm of overcapacity. The issuance of the Blue Book indicates that the instrumentation industry has entered a critical period. The entire industry has ushered in an opportunity for development. As long as China's instrument companies can manufacture high-end products from low-end products, they can reduce the impact of foreign products is the market, but also can break the overseas market, activity breakthroughs.

The second is to seek greater market opportunities across industries. At present, the development of instrumentation in China suffers from a period of transition, continuous development, and increasing contradiction of overcapacity. Without a change, it may be difficult to achieve a breakthrough. Most instrument and meter industries do not know where to go when they encounter overcapacity issues, and they have no eyesight for changes in the entire market. In 2015, China's electricity meter market has become saturated, and the conditions for government bidding are also very demanding. Under such circumstances, how electric energy meter companies should be transformed requires opportunities.

Cross-industry and cross-sector may have become a major solution. For example, in the current very hot robot industry, you may think that there is no correlation with instrumentation, but you will still use many related products. It can be said that the industrial chain of instrumentation can be applied in any agricultural machinery, textile machinery, etc., and it can perfectly solve the problem of excess production capacity.

The Blue Book highlights the transformation of China's economy into a new technology, new industry, new business model and new business model in 2016. In the development process of the instrumentation industry, the overcapacity phenomenon can also be solved through new technologies and new business conditions. It is believed that in the future, China's instrumentation industry can achieve the dual development of quality and cost.

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