Looking to the future, Li Xiangqian, a specially invited researcher at The China International Economic Development Research Center, said that China's economy is still in an important period of strategic opportunities after entering the stage of stable operation from high-speed growth. Expanding domestic demand, investing in infrastructure and technological innovation have become important means to drive the economy.
In the first seven months of 2022, the export of high-temperature oil pump continued to grow, while the import volume was 14.752 billion USD, up 4.12% over the same period last year; the import value was 3.795 billion USD, down 36.0% over the same period last year; the export value was 10.958 billion USD, up 33.0% over the same period last year; and the trade surplus was 7.163 billion USD. That was $4.854 billion more than the same period last year. At present, the role of pre-adjustment and fine-tuning to high temperature oil pump industry is not obvious, even if there is a big policy, there is a lag. Innovative forms of infrastructure financing will become a key factor to improve investment efficiency.
In 2012, the internationalization process of high-temperature oil pump industry made progress. In addition to actively expanding overseas business and establishing overseas marketing service system, The pace of overseas m&a and reorganization of Chinese enterprises accelerated.
"2012 High temperature Oil pump Accessories Industry Annual Meeting" was held in Shanghai. At the meeting, Mr. Su Zimeng, secretary General of China Engineering Industry Association, announced the trade and import and export data of high temperature oil pump product lines before 2012, and made a detailed analysis based on the current situation and problems faced by the development of high temperature oil pump industry. At the macro level, instability and uncertainties in the international economy are on the rise and international trade protectionism is on the rise. Secondly, under the influence of active regulation in China, there is an over-stimulation factor in the early stage, which needs time to digest. Real estate regulation - affecting steel, cement, home appliances, high temperature oil pumps, etc. Therefore, high growth is difficult to reproduce in the short term - enterprises enter a period of transformation and competition. Our task is not only to resolve the institutional contradictions over the years, but also to make good use of market forces -- adjusting the economic structure and transforming the growth model.
