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A brief analysis of the five major issues in the market development of China's hardware industry

A brief analysis of the five major issues in the market development of China's hardware industry

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  • Time of issue:2020-12-07 17:29
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(Summary description)The adjustment of the global economic structure has created conditions for Chinese companies to use international innovation resources, participate in international mergers and reorganizations, and expand the development of the domestic market; the pace of urbanization has accelerated, and the upgrading of the consumption structure of residents has accelerated, providing a broad space for industrial development; the continuous integration of informatization and industrialization Deepening and continuous breakthroughs in new technologies have provided strong support for the transformation of China's industrial development mode.

A brief analysis of the five major issues in the market development of China's hardware industry

(Summary description)The adjustment of the global economic structure has created conditions for Chinese companies to use international innovation resources, participate in international mergers and reorganizations, and expand the development of the domestic market; the pace of urbanization has accelerated, and the upgrading of the consumption structure of residents has accelerated, providing a broad space for industrial development; the continuous integration of informatization and industrialization Deepening and continuous breakthroughs in new technologies have provided strong support for the transformation of China's industrial development mode.

  • Categories:News
  • Author:
  • Origin:
  • Time of issue:2020-12-07 17:29
  • Views:
Information
The adjustment of the global economic structure has created conditions for Chinese companies to use international innovation resources, participate in international mergers and reorganizations, and expand the development of the domestic market; the pace of urbanization has accelerated, and the upgrading of the consumption structure of residents has accelerated, providing a broad space for industrial development; the continuous integration of informatization and industrialization Deepening and continuous breakthroughs in new technologies have provided strong support for the transformation of China's industrial development mode.
 
1. It is difficult to improve the shrinking period of external demand. While stabilizing external demand, more attention must be paid to expanding domestic demand. The full recovery of the world economy still needs a slow and tortuous process. In this process, investment and trade protectionism may further rise, and it will be very difficult for exports to recover this year. We must focus on opening up the domestic market and speeding up the transition to a domestic demand-led economy.
 
2. Investment-driven growth is difficult to sustain, and policy effects tend to weaken. We must focus on increasing the endogenous driving force of economic development. Urban fixed asset investment grew by 30.5% in 2009. It is very difficult to continue to grow substantially this year. To maintain steady economic growth, the guiding role of government investment must be brought into play to stimulate the vitality of private investment.
 
3. Consumption is not enough to drive economic growth. We must focus on leading and promoting consumption upgrades with product quality. Since 2009, under the guidance of the state's policy of encouraging consumption, the total retail sales of consumer goods have maintained a relatively rapid growth of 15.5%, but consumption has still not been enough to drive economic growth. It is necessary to innovate varieties, improve quality, create brands, improve services, lead consumption, cultivate the market, and enhance the driving effect of consumption on the economy.
   
4. The problems of overcapacity and elimination of backwardness are prominent, and industrial restructuring, transformation and upgrading must be accelerated. At present, not only traditional industries with overcapacity such as iron and steel, cement, and shipbuilding are still expanding blindly, but emerging industries such as wind power equipment and polysilicon are also showing a tendency to blindly invest in repeated construction, and the task of industrial restructuring is very heavy.
   
5. The international competition landscape has undergone profound changes, and we must focus on fostering and developing strategic emerging industries. China is faced with rising comprehensive costs of production factors and increased resource and environmental constraints. This requires us to not only accelerate the transformation and upgrading of traditional industries based on the current development, but also focus on the long-term and pay more attention to the cultivation and development of strategic emerging industries.

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