Ma Jun: China's equipment manufacturing industry has great potential for development

Phoenix Satellite TV broadcast "Ma Jun: China's equipment manufacturing industry has great potential for development" on the "Financial Point-to-Point" program on September 5. The following is a textual record:

Anton: Do you think the future of China's manufacturing upgrade space can be how much?

Ma Jun: I think this way, you divide the entire economy into such big chunks as agriculture and service industry. They probably account for 50% of GDP. In fact, the space for industrial upgrading is not very large, and productivity has increased over the past period of time. The renewal of products and services has been fast, and many things have changed. We have all learned.

What part of the real potential is in the manufacturing sector? In the equipment manufacturing industry. In the equipment manufacturing industry, we recently wrote a report. I made such a prediction. I said that in the next five years, the average annual growth rate of China's prepared manufacturing industry may approach 20%, far higher than the average industrial production. The growth rate, the industrial growth rate may be 10% to 12%.

Others may slow down, for example, raw materials, I guess it may be 7% to 10%, there are labor-intensive industries, clothes, shoes, I am afraid that is 5% to 7%, such a growth rate. From this data, you will probably get a clear feeling, which one has the potential for upgrading. On the one hand, the upgrade will come from the government's promotion. For example, the government's policies, as well as the IND's support, are still more from the enterprise-level independent innovation.