China will strengthen the introduction of key technologies in the 12th Five-year Plan

Recently, the Ministry of Commerce, together with the National Development and Reform Commission, the Ministry of Finance, the People's Bank of China, the General Administration of Customs, the State Administration of Taxation, the General Administration of Quality Supervision, the State Administration of Foreign Exchange, and other seven departments, jointly issued the "On the implementation of the 12th Five-Year Plan period. Opinions on the Import Promotion Strategy for Electromechanical Products (hereinafter referred to as “Opinions”). Yao Jian, the spokesperson of the Ministry of Commerce, said that the "Opinions" will be a programmatic document promoting the import of electromechanical products during China's "12th Five-Year Plan" period, which will facilitate the expansion of advanced technology and equipment imports, and strengthen the convergence of import policies and industrial policies. Coordination, promoting the structural adjustment of imports of mechanical and electrical products, and playing an important role in the promotion of China's macroeconomic structural balance and structural adjustment.

According to the data from the Ministry of Commerce, following the accession to the World Trade Organization, with the significant reduction of tariffs and the gradual cancellation of non-tariff measures, China’s imports of mechanical and electrical products have increased significantly, and imports have increased by an average of 19.2% annually. In 2010, the value of imports of machinery and electronic products nationwide was 660.3 billion U.S. dollars, accounting for 47.3% of the total imports, and accounted for more than 10% of the total GDP. However, at present, there are still many problems in imported products, such as the introduction of low quality, re-introduction, light digestion and re-innovation, management mechanisms and supporting policies need to be improved.

Yao Jian pointed out that the basic principles for China's expansion of imports of mechanical and electrical products during the 12th Five-Year Plan period are: adherence to market mechanisms and policy guidance; adherence to the combination of introduction and digestion, absorption and re-innovation; and the combination of promoting import and maintaining industrial safety. Its development goal is to gradually increase the proportion of imports of advanced technology and key equipment and key components; promote the proportional structure of investment products, consumer goods and intermediate products in imports to become more reasonable; meet new generation of information technology, energy conservation, environmental protection, new energy, and biological Import demand for strategic emerging industries and other key industries such as high-end equipment manufacturing, new materials, and new energy vehicles; and the momentum of rapid growth in trade surplus with major countries and regions has been effectively mitigated.

The reporter learned from the China Automobile Industry Association’s “China Automotive Industry Production and Sales Newsletter” that in 2010 China imported more than 1 million engines, more than 4 million transmissions, and more than 100,000 sets of electricity, in addition to a large number of imported vehicle products. Control key assemblies and key components such as fuel injection devices. It can be seen that the introduction of key powertrains and key core components at this stage is a crucial link for the Chinese automobile industry.

One of the major issues to be solved in the "Opinions" also includes the introduction, digestion, absorption, and re-innovation of key technologies. "Relying on major projects to promote the introduction of digestion and absorption and re-innovation. Relying on key projects, we will focus on the introduction, digestion, and absorption of new industries such as clean energy, high-end CNC machine tools, ships, railway locomotives, automobiles, aviation, and communications. "Up to four items in the "Opinions" about "to promote the introduction, digestion, and re-innovation."

The "Opinions" also mentioned financial and financial support for the introduction of projects and "increase financial support for imports. Financial institutions should actively import advanced technologies and key equipment for enterprises, especially small and medium-sized enterprises, on the premise of preventing risks. Key parts and components provide credit support, give full play to the role of policy-based import credits, and encourage companies to introduce advanced technologies, key equipment and key components."