2014 Economic Bluebook: 70% to 80% of high-end medical devices rely on imports
Release time:
2014-03-24
The Bluebook is the latest research results on China's economic situation in 2013-2014 organized by the Economics Department of the Chinese Academy of Social Sciences. The Bluebook points out that after years of development, China's industry has established a highly competitive and comprehensive industrial system, and in 2010, it surpassed the United States to become the world's largest manufacturing country. However, with the rapid growth of China's industrial scale, many structural contradictions have also accumulated, posing severe challenges to the development of the industrial economy.
In 2014, the Chinese economy will still face the following difficulties and challenges: firstly, overcapacity in some industries. At the end of 2012, the capacity utilization rates of China Steel, Cement, Electrolytic Aluminum, Flat Glass and Ship were only 72%, 73.7%, 71.9%, 73.1% and 75% respectively, significantly lower than the international average level. Not only traditional industries, but also strategic emerging industries such as photovoltaic and wind power also face serious overcapacity issues. Due to factors such as export barriers, the operating rate of China's polysilicon production enterprises is less than half.
At the same time, although there is overcapacity in Chinese industry, many high-end sectors of the industry heavily rely on imports. For example, 90% of chips rely on imports, and the annual import volume exceeds that of oil. Similar situations also exist in other industries. China lacks core technology in key components such as engines, hydraulics, transmission, and control technology, and heavily relies on imports; 70% to 80% of high-end medical devices rely on expensive imported or foreign brands, resulting in high examination costs and increased burden on patients.
In addition, the imbalance in demand structure has also become a prominent obstacle to the sustainable development of the industrial economy. Li Xuesong, deputy director of the Institute of Quantitative Economy and Technological Economy of the Academy of Social Sciences, commented that overcapacity has caused a lot of resource waste, increased environmental pressure, and also caused Cut throat competition between enterprises, reduced the motivation and ability of enterprise technological innovation, and affected the improvement of the overall efficiency of industrial organizations. It can be said that overcapacity has become a prominent contradiction and the root cause of many problems in economic operation.
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