China's global advantages in mechanical and electrical products

1. The proportion of mechanical and electrical products in the world’s trade in goods has now risen from 30% in 1989 to 50% now, and there are many levels to adapt to the development of different types of enterprises. "We believe that electromechanical products are still the most important component and driving force in world trade. The demand for electromechanical products is relatively large."

2. From the perspective of international industrial transfer, the overall trend of current international industrial transfer will not fundamentally change. The comprehensive advantages that China undertakes to transfer are not comparable to those of the general state. Companies that go to Vietnam or Myanmar now have some backflows, because they still have to rely on comprehensive advantages.

3. From the point of view of its own power, China's mechanical and electrical industry has relatively strong advantages, and the supporting system is complete. It is also relatively complete in terms of raw materials, logistics, and infrastructure. Industrial clusters from low-end to high-end are relatively complete. . In particular, China's complete sets of equipment and large-scale stand-alone machines are characterized by capital-intensive, labor-intensive and technology-intensive compound-intensive types.

The effect of policies supporting exports gradually emerged

1. The export tax rebate rate for mechanical and electrical products has been raised five times and the processing trade policy has been adjusted. The current mechanical and electrical products with a tax refund rate returning to 17% account for 70% of all mechanical and electrical products;

2. The State Council approved the "421" special export credit policy to support the export of large-scale complete sets of equipment.

3. The focus of export strategy will shift to “creating” external demand, accelerating the construction of free trade zones and border cooperation zones, and becoming the core of the policy consensus reached at the recent meeting of the Ministry of Commerce.