• Wang Ruixiang, president of China Machinery Industry Federation believes that China has become the world's manufacturing power equipment, but the "big but not strong" but also an indisputable fact, particularly affected by the international financial crisis and the European debt crisis, China's equipment manufacturing industry is facing there before the interception, and later from behind the grim situation. Especially in the high-end equipment, the United States, the European Union and other developed countries began to high-tech, high value-added production and equipment manufacturing industries, have started to recover from overseas to the local community, and take a lot of incentives, such as tax breaks, subsidies and other incentives to encourage investment, manufacturers return to the mainland. Wang Ruixiang said that the current by the introduction of advanced technology, high-end products still rely on imports is the harsh reality of China's equipment manufacturing industry is facing. High-end machine tools, high-end engine, high-end instrumentation and control systems, require imported from abroad. Among them, 90% of high-grade CNC machine tools imported CNC system imports 95%, 70% of imported instruments. In the field of basic components for high-end CNC machine tools supporting high-end features need to import 70 per cent of large-scale construction machinery required 30MPA above all imported hydraulic parts, speed of 200 km above the gearbox, 2.5MW wind turbine gearbox above, large-scale coal gear boxes, high-speed train brakes, large shield machine electro-hydraulic drive device, almost all imports. While in marine diesel engines of advanced foreign enterprises to carry out joint ventures, co-production, but the key core technology and brand still rests in the hands of foreign
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