On June 22, 2013, Yu Ping, Chairman of Yuchai Group’s Board of Directors, was invited to participate in the establishment of the Northeast Elite League. Yuan Yue, Chairman of Zero Research Consulting Group, Xie Zuyi, Chairman of Booz & Company Greater China, Xia Bin, Wu Xiaoqiu, a famous economist, Yin Zhuo, a famous military expert, and Shuipi, a well-known financial commentator, attended the conference. At the meeting, senior figures from a number of domestic related fields discussed the development trend of the global economy, especially the Chinese economy.

As the person in charge of machinery manufacturing enterprises, Junping started with the development of the internal combustion engine industry and made predictions and analysis of the development trend of equipment manufacturing. Muping said that data from January to April 2013 showed that the internal combustion engine industry in China began to stabilize at a low level, but it is still not recovering growth. Low growth is undoubtedly the future trend of equipment manufacturing.

Fuping analysis said that in 2008, the global financial crisis spread to China. In 2009, the government promulgated a 4 trillion bailout plan, followed by the ten major industry revitalization plans and unprecedented levels of investment by all levels of government. China's internal combustion engine industry also has a 30% growth rate in 2009-2010. Luan Ping said that the ability and time to rely on investment to stimulate the economy are limited, and the decline in economic growth in 2011-2012 illustrates this point, while the decline in equipment manufacturing industry represented by the internal combustion engine industry over the past two years confirms further. The Chinese economy is in a post-crisis era. Before the world financial crisis, China has not been left alone.

The “sequelae” brought about by investments in the economy has gradually begun to “break”. Excessive investment has caused overcapacity in photovoltaic, steel, and engine industries. "There are orders for death, no orders, and death." Most companies in these industries are in this "opium-absorption" type of struggle. In the past two years, heavy-duty companies have invested too much and have excessive production capacity. Fuping predicts that China’s heavy industry will face a cold period of two to three years in the future. "This is an industrial revolution. To a certain extent, we must endure such hardships and digest this pain." No matter what the industry, the last to survive are those who can sustain cash flow, support “staying talents,” and sustain investment in R&D.

From now until 2020, it will be an important period for China's economic development. To basically complete industrialization and achieve the goal of building a well-off society in an all-round way, equipment manufacturing industry will remain the pillar and leading force. Junping said that in the process, Chinese companies need to continuously improve the value of their products and their technical grades, and from advanced to overall, they must enter the world's advanced ranks. This will enable our country to truly become a manufacturing power from a big manufacturing country.

Over the years, Chinese companies have focused on lighter products, lighter parts for remanufacturers, lighter production bases, and lighter software. Junping said that enterprises should give priority to common basic parts (liquid, gas, dense), large-scale castings and forgings, key special materials (high-grade insulation materials), control system components (including instrumentation), and functional components of CNC machine tools. Development area. If you do not pay attention, it will restrict the further development of the manufacturing industry. All these need to be completed by a generation or even several generations, and Chinese companies need to stick to it.

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