Summary May 6, Premier Li Keqiang chaired a State Council executive meeting, to promote the deployment of international equipment manufacturing capacity and cooperation to promote the development of open wider upgrade. The meeting requested that the focus on railways, power, communications, building materials, construction machinery and other areas with comparative advantages, docking different...
On May 6, Premier Li Keqiang presided over the State Council executive meeting to deploy and promote international capacity and equipment manufacturing cooperation to expand openness and promote development and upgrading. The meeting called for the focus on railways, power, communications, building materials, construction machinery and other areas with comparative advantages, to meet the needs of different countries, especially the countries along the “Belt and Roadâ€, and to take investment and engineering flexibly with state-owned and private enterprises. Construction, technical cooperation and other means to drive exports of equipment, promote employment expansion and economic development in relevant countries, and build a reputation and image with quality and credibility.
Under the background of the rapid development of the “Belt and Road†strategy, the speed of going out of railway and electric power equipment is accelerating.
Encourage companies to issue stocks and bond financing
The executive meeting of the State Council believes that in line with foreign demand and willingness to promote international production capacity and equipment manufacturing cooperation, it is conducive to the deep integration of China's economy and the world economy, and promote the recovery of the world economy. It can also force Chinese enterprises to improve quality and efficiency, and achieve superior and superior performance. To create a high-level open economy and promote mutual benefit and win-win.
In particular, the implementation of the “One Belt, One Road†strategy has boosted the domestic power equipment outflow process. According to the statistics of the Chamber of Commerce of Electrical and Mechanical Industry, in 2014, China Power Industry signed a contract worth about US$30 billion, with a total installed capacity of approximately 20 million kilowatts. Compared with the US$2 billion signing in 2004, it has increased 14 times in 10 years.
At present, China's electric power "going out" is mainly based on thermal power, hydropower and power transmission and transformation, which is conducive to the resolution of domestic overcapacity. At the end of 2014, China's power generation installed capacity reached 1.36 billion kilowatts, ranking first in the world. However, the number of hours of power generation and the rate of increase in electricity consumption have all hit a new low in the past decade, and the excess installed capacity of thermal power is more obvious.
According to the person engaged in overseas business of China Power Equipment Corporation, at present, the internationalization level of domestic power equipment manufacturing enterprises is constantly improving. Chinese enterprises gradually export from project subcontracting to project general contracting development from the stand-alone export and complete equipment export under the regular trade. Continuously export domestic technology, management, and labor, and then expand upstream to financing.
In addition to the explosive growth of the “going out†of railway infrastructure projects, the export of railway equipment has also grown rapidly. Last year, China exported a total of 26.77 billion yuan of railway equipment, a year-on-year increase of 22.6%.
At present, China's railway export varieties are mainly railway and tramway locomotives and vehicles. The main export destinations for Chinese railway equipment are ASEAN, Argentina, Australia and the United States.
According to estimates, the global railway market has a capacity of approximately 162 billion euros, which is expected to grow at a rate of 3.4% in the next few years and will reach 190 billion euros in 2018.
On the way of export cooperation, the State Council executive meeting proposed that equipment should go out and be closely integrated with financing means. We will adopt a market-based approach to broaden the channels for the use of foreign exchange reserves and increase the level of export credit insurance protection. Construction of a renminbi cross-border payment system. Encourage enterprises and financial institutions to issue stocks, bonds, etc. to raise funds at home and abroad.
The above-mentioned CLP equipment companies believe that in addition to export products, technologies and standards, power equipment companies need to have strong platform integration capabilities, integrating financing, insurance, mergers and acquisitions, and localization operations. From the international situation, it is difficult to form a core competitiveness from a single product. Alstom, Siemens, ABB and other international power groups also extend from the sales of traditional products to the upstream and downstream of the industry.
At present, Chinese companies are increasingly participating in assisting overseas owners to obtain financing insurance support from Chinese financial institutions. Some Chinese companies participate in the actual fund raising and capital operation of overseas projects in a variety of different ways, such as corporate investment and mergers and acquisitions.
Upstream and downstream cooperation
According to a person from China Power Construction Hebei Electric Construction Company, China's power equipment export market is still dominated by developing countries and regions such as Central Asia, the Middle East, India and Africa. Coal power and gas power generator sets in countries and regions such as Eastern Europe and Russia have been retired in recent years, which also provides space for market expansion. Overall, China's power equipment has a cost advantage, and its technical level is competitive with international companies.
Forecasts show that by 2040, about 40% of the world's existing installed capacity will be retired, followed by the renewal and transformation of the power station. In the case of OECD countries, about 30% of the coal, electricity, gas, electricity, and nuclear power installed in these mature power markets have been in use for more than 30 years, failing to meet normal environmental requirements and gradually increasing environmental requirements. strong. However, "a prominent problem is that in the project for global bidding, the competition among Chinese-funded enterprises is fierce. The project resources are obtained through low quotation or local resource relationship, and there is a shortage of operators in the latter stage of the project." electrician (16.25, -0.59, -3.50%) parties.
The State Council executive meeting specially proposed to build a capacity cooperation chain for upstream and downstream coordination, pay attention to technical exchanges, do a good job of post-maintenance services, and achieve equipment advancement and supporting services, and capacity cooperation and technology upgrades. Simplify overseas investment management and build a platform for external cooperation between government and enterprises.
According to Liu Bin, a researcher at the Institute of Integrated Transportation of the National Development and Reform Commission, Chinese railway-related enterprises should not only focus on infrastructure and equipment when they go out of high-speed rail. After all, this is only a hammer sale, but more emphasis should be placed on the later high value-added trade. And services, such as operation and maintenance, surrounding land development, resource utilization, etc.
At present, the business of the North-South car is mainly based on vehicle sales, but the latter's operation and maintenance, spare parts sales, technical training, etc. are also increasingly valued by the North and South cars.
According to CNR, the current global railway market has annual sales of 143.1 billion euros, of which product sales and post-operation and maintenance each account for half. The sales, maintenance, service, and technical training of parts and components in the latter part of the EMU are 4 to 5 times that of the previous vehicle sales.
CSR said that the company is already considering the business of post-operation and maintenance, and carries out maintenance, spare parts and technical services in Malaysia, South Africa and Turkey. However, CSR also confessed that operation is not its strength, but the maintenance business will be the next step, and the profit is not bad.
The State Council executive meeting also pointed out that it is necessary to promote mutual international recognition of standards, focus on risk prevention and control, and promote orderly competition among enterprises. Play the role of industry associations and market intermediaries, providing legal, tax, intellectual property and other services. Sending a strong wind to the equipment and production capacity.
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