Electronic information industry a "three lows" trend
Secretary for Development and Reform Commission Xu Qin, high-tech industry, this year in the first half, China's total industrial profits, investment and consumption relations have improved, this year's GDP is expected to remain at around 11% may increase with last year. However, 1-8 months of this year, the domestic electronic information industry has a "three lows" trend, that is, value added, profits and investment in low growth. In addition, the electronic information product sales and export rate is also lower than the national average growth rate of industrial products, industrial development trend appears different from the trend of the national economy.
Xu Qin introduced over the past 10 years, China's electronic information industry will grow by 10 times, expand the industrial scale to tens of thousands by the tens of billions of yuan, the main production and sales of electronic information products in the world. Electronic information industry in the 30% average annual growth rate. Electronic information industry in 2006 still continued the trend of rapid growth, sales 4.75 trillion yuan, the added value of 1.1 trillion yuan, completed an investment of 206.8 billion yuan, an increase of 41%. However, this year from January to August, sales of electronic information industry up 19%, grew 18%, lower than the national industry average. January to August, the electronic information industry, investment in fixed assets totaled 159.85 billion yuan, an increase of 29.7% over last year dropped by 17.4 percentage points. Meanwhile, the first 8 months of electronic information industry investment growth of 6 percentage points lower than the national manufacturing sector.
Of particular concern is that within the industry, the development of foreign-funded enterprises showed the opposite pattern: large domestic corporate profits rose 63.4% year on year, while foreign profits increased by only 15%; the average profit margin is lower for domestic than foreign investors.
Three major factors that slow the rate of industrial development
Many experts believe that China's electronic information industry after years of expansion, this year there's "three lows" trend, indicates that the processing of trade-based industrial development model has passed the peak industry a "turning point."
Narrow eastern coastal development, and industrial gradient transfer did not materialize. Yangtze River Delta, Pearl River Delta and Bohai Rim to create the electronic information industry, 80% of the value, but the three regions Youyi processing trade. After years of rapid development, the three factors of production areas than in the past, great changes have taken place: the three scarce land resources, a substantial increase in land costs, labor costs are also rising.
Secretary, Ministry of Information Industry Week sub-theory of economic operation, when the eastern part of the development space is limited, China coastal trade of electronic information processing and not as textile, leather, silk and other traditional industries, like the transfer to the Midwest, but moved to neighboring countries. The reason is that the output value of foreign-funded enterprises in China accounted for 70% of the total output value of electronic information over. Electronic information products in international trade in maritime transport and container transport is particularly preferred. According to cost accounting, shipping and container transport costs per TEU inland transportation to save more than $ 1,000. In addition, the inland transportation costs will have to pay more time. Therefore, no substantial foreign investment to build factories in central and western.
Domestic and foreign countries began to create a fair competitive environment, foreign companies choose to reduce the expected transfer of investment profits. 1-8 months, foreign (except Hong Kong, Macao) invested a total of 54.5 billion, down 0.1%, negative growth state.
RMB appreciation makes profits greatly reduced. Professor Dong Yunting Development Institute of China Electronics introduced his recent research in the country after the estimated number of key enterprises in 2006, 3.1% appreciation of Renminbi, the industry lost about 22.0 billion profit. This year may exceed 5% appreciation of the renminbi, the industry lost profits will be greater.
He believes that, generally speaking, China's electronic information industry is currently in the strategic transformation and restructuring and upgrading period, most of the core technology there is no independent intellectual property rights, therefore, China's exports of electronic and information technology products, there is insufficient space to digest the RMB appreciation pressure.
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