With the formal completion of the China-ASEAN Free Trade Area, ASEAN countries have developed a keen interest in China's construction machinery manufacturing industry and have high hopes for Chinese construction machinery companies to invest in ASEAN. Relevant experts suggest that China should step up the upgrading of the equipment manufacturing industry to meet the needs of the ASEAN market.
- Asean Countries Have High Expectations for Chinese Machinery to Enter ASEAN At the press conference of the 8th China Machinery (Vietnam) Exhibition held in July of this year, the chairman of the Vietnam Construction Machinery Enterprise Association Yu Wenshu made it clear that machinery and equipment manufacturing has always been As one of the key development areas of Vietnam's industry, Vietnamese companies hope to strengthen their exchanges and cooperation with Chinese machinery manufacturers in various forms of cooperation.
In recent years, Vietnam has identified the development of machinery and equipment manufacturing and related automobile manufacturing and shipbuilding industries as priority areas for government support and development. The average annual output value of the machinery manufacturing industry in the country has increased by more than 19%. By 2020, the self-sufficiency rate of machinery and equipment in Vietnam will reach 50%. Ju Wenshu believes that China's production of mechanical equipment, especially cement, hydroelectric equipment and construction machinery, is of high quality and technological content. The price is moderate, which is very much in line with Vietnam's national conditions and the actual needs of enterprises, and its possession in Vietnam is very high.
Indonesia, as the theme country of the China-ASEAN Expo, Vice President Budi Ono said at the China-ASEAN Business and Investment Summit and the roundtable dialogue with the CEO of Chinese companies, “The Indonesian machinery market is very large and I strongly hope that China Construction machinery companies invest in factories in Indonesia."
Minister of Industry of Indonesia M. S. Hidayat said that Indonesia has a huge market and has good investment conditions. Indonesia will soon become a production center and base for the machinery industry. It is hoped that Chinese companies will invest more in the Indonesian machinery industry. “We will establish more than 300 textile companies in China. Most of the machinery used by textile companies is imported from mainland China and China Taiwan. China's machinery investment in Indonesia will bring more trade volume.â€
It is understood that the repeated participation rate of exhibitors and exhibitors of construction machinery and transport vehicles at the China-ASEAN Expo exceeded 80%. Yan Yan, Honorary Director of the China Mechanical Engineering Society and Deputy Minister of the Ministry of Machinery Industry, believes that Chinese manufacturing industries such as construction machinery, transportation vehicles, agricultural machinery, and electrical machinery are cost-effective and are suitable for the needs of the ASEAN market. It also illustrates this point.
——Great growth in machinery trade Chinese construction machinery companies are cultivating ASEAN With the formal establishment of the China-ASEAN Free Trade Area, the arrival of the “zero tariff†era has enabled Chinese entrepreneurs to see new opportunities for “going†to ASEAN. The ASEAN market can be expanded and industrial restructuring can be carried out more easily within the international region.
According to statistics, the financial crisis caused the global economy to shrink. In 2009, the import and export volume of China's machinery products fell by 13.85% compared with 2008, and the decline in exports was greater than the decline in imports. However, the trade volume of China's machinery products with ASEAN increased steadily, with a growth rate of 9%. The proportion of total trade volume increased from 11% in 2008 to 13.32%.
After the completion of the China-ASEAN Free Trade Area, the economic and trade cooperation between China and ASEAN showed a good momentum of development. The economic and trade cooperation between the machinery industry has grown significantly. From January to June this year, China's and ASEAN's import and export trade volume totaled 17.52 billion U.S. dollars in imports and exports, accounting for 12.8% of the total import and export volume.
"From January to September this year, Liugong exported more than 1,000 construction machinery to ASEAN countries, mainly to Vietnam, Indonesia, Malaysia, and other countries. The sales of road rollers and loaders accounted for more than 30% of the market share, including those in Vietnam. The share exceeds 50%, said Li Dongchun, deputy general manager of International Marketing Division of Guangxi Liugong Machinery Co., Ltd.
It is understood that in Liugong’s internationalization strategy, ASEAN is its key point. LiuGong will set up a company in Singapore, set up offices in ASEAN countries, increase the number of marketing staff, and increase efforts to develop the ASEAN market to provide better after-sales services to ASEAN customers.
Li Dongchun believes that the good performance of Liugong Machinery in the Vietnamese market is because Liugong Machinery has a good price/performance ratio; Second, Guangxi and ASEAN have geopolitical advantages; Third, the ASEAN countries recognize the Chinese community; Fourth, China-ASEAN free trade. The "zero tariff" policy brought about by the district construction.
Guangxi Yuchai Co., Ltd. is China's largest internal combustion engine production base. As early as the 1960s, Yuchai's diesel engines were exported to Vietnam. “The export of engines has shown a good momentum of development. Especially in ASEAN countries, Yuchai’s main export market is even more. Currently, Yuchai’s annual export of engines exceeds 30,000 units, and overseas markets have 120,000 units, including those in Southeast Asia. With more than 50,000 units in stock, from January to September this year, Yuchai has exported more than 20,000 engines, of which the ASEAN market accounts for 10,000 units, said Li Tiansheng, general manager of Yuchai.
Yuchai has continuously improved its network construction and has now become the most widely used diesel engine manufacturer in China. Now there are 45 offices at home and abroad, more than 2,100 service stations, including 13 overseas offices, 5 ASEAN countries, 30 sales service network agents, and nearly 100 service outlets.
- Asean Countries Have High Expectations for Chinese Machinery to Enter ASEAN At the press conference of the 8th China Machinery (Vietnam) Exhibition held in July of this year, the chairman of the Vietnam Construction Machinery Enterprise Association Yu Wenshu made it clear that machinery and equipment manufacturing has always been As one of the key development areas of Vietnam's industry, Vietnamese companies hope to strengthen their exchanges and cooperation with Chinese machinery manufacturers in various forms of cooperation.
In recent years, Vietnam has identified the development of machinery and equipment manufacturing and related automobile manufacturing and shipbuilding industries as priority areas for government support and development. The average annual output value of the machinery manufacturing industry in the country has increased by more than 19%. By 2020, the self-sufficiency rate of machinery and equipment in Vietnam will reach 50%. Ju Wenshu believes that China's production of mechanical equipment, especially cement, hydroelectric equipment and construction machinery, is of high quality and technological content. The price is moderate, which is very much in line with Vietnam's national conditions and the actual needs of enterprises, and its possession in Vietnam is very high.
Indonesia, as the theme country of the China-ASEAN Expo, Vice President Budi Ono said at the China-ASEAN Business and Investment Summit and the roundtable dialogue with the CEO of Chinese companies, “The Indonesian machinery market is very large and I strongly hope that China Construction machinery companies invest in factories in Indonesia."
Minister of Industry of Indonesia M. S. Hidayat said that Indonesia has a huge market and has good investment conditions. Indonesia will soon become a production center and base for the machinery industry. It is hoped that Chinese companies will invest more in the Indonesian machinery industry. “We will establish more than 300 textile companies in China. Most of the machinery used by textile companies is imported from mainland China and China Taiwan. China's machinery investment in Indonesia will bring more trade volume.â€
It is understood that the repeated participation rate of exhibitors and exhibitors of construction machinery and transport vehicles at the China-ASEAN Expo exceeded 80%. Yan Yan, Honorary Director of the China Mechanical Engineering Society and Deputy Minister of the Ministry of Machinery Industry, believes that Chinese manufacturing industries such as construction machinery, transportation vehicles, agricultural machinery, and electrical machinery are cost-effective and are suitable for the needs of the ASEAN market. It also illustrates this point.
——Great growth in machinery trade Chinese construction machinery companies are cultivating ASEAN With the formal establishment of the China-ASEAN Free Trade Area, the arrival of the “zero tariff†era has enabled Chinese entrepreneurs to see new opportunities for “going†to ASEAN. The ASEAN market can be expanded and industrial restructuring can be carried out more easily within the international region.
According to statistics, the financial crisis caused the global economy to shrink. In 2009, the import and export volume of China's machinery products fell by 13.85% compared with 2008, and the decline in exports was greater than the decline in imports. However, the trade volume of China's machinery products with ASEAN increased steadily, with a growth rate of 9%. The proportion of total trade volume increased from 11% in 2008 to 13.32%.
After the completion of the China-ASEAN Free Trade Area, the economic and trade cooperation between China and ASEAN showed a good momentum of development. The economic and trade cooperation between the machinery industry has grown significantly. From January to June this year, China's and ASEAN's import and export trade volume totaled 17.52 billion U.S. dollars in imports and exports, accounting for 12.8% of the total import and export volume.
"From January to September this year, Liugong exported more than 1,000 construction machinery to ASEAN countries, mainly to Vietnam, Indonesia, Malaysia, and other countries. The sales of road rollers and loaders accounted for more than 30% of the market share, including those in Vietnam. The share exceeds 50%, said Li Dongchun, deputy general manager of International Marketing Division of Guangxi Liugong Machinery Co., Ltd.
It is understood that in Liugong’s internationalization strategy, ASEAN is its key point. LiuGong will set up a company in Singapore, set up offices in ASEAN countries, increase the number of marketing staff, and increase efforts to develop the ASEAN market to provide better after-sales services to ASEAN customers.
Li Dongchun believes that the good performance of Liugong Machinery in the Vietnamese market is because Liugong Machinery has a good price/performance ratio; Second, Guangxi and ASEAN have geopolitical advantages; Third, the ASEAN countries recognize the Chinese community; Fourth, China-ASEAN free trade. The "zero tariff" policy brought about by the district construction.
Guangxi Yuchai Co., Ltd. is China's largest internal combustion engine production base. As early as the 1960s, Yuchai's diesel engines were exported to Vietnam. “The export of engines has shown a good momentum of development. Especially in ASEAN countries, Yuchai’s main export market is even more. Currently, Yuchai’s annual export of engines exceeds 30,000 units, and overseas markets have 120,000 units, including those in Southeast Asia. With more than 50,000 units in stock, from January to September this year, Yuchai has exported more than 20,000 engines, of which the ASEAN market accounts for 10,000 units, said Li Tiansheng, general manager of Yuchai.
Yuchai has continuously improved its network construction and has now become the most widely used diesel engine manufacturer in China. Now there are 45 offices at home and abroad, more than 2,100 service stations, including 13 overseas offices, 5 ASEAN countries, 30 sales service network agents, and nearly 100 service outlets.
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