China will push to optimize the structure of its machinery industry by promoting technical upgrading and finely-tune its competitive edge, a senior official said on December 22. Wu Xiaohua, director of the State Administration of Machinery Industry (SAMI), said that China will also eliminate dual construction and out-dated productions. According to Wu, much of China's machinery industry is poorly run, resulting in a sharp decline of economic returns for manufacturers. The glut of machinery products may last a long period. This means that the machinery industry will steadily develop rather than increase rapidly as it has down in the past. China's machinery industry consists of 14 sectors, with more than 40,000 manufacturers turning out 60,000-strong products. SAMI will support leading manufacturers in key industries and help some 50 giant companies. SAMI will remove energy costing and heavily polluted products. Factories manufacturing these products will become a thing of the past to make room for key enterprises in China. (Xinhua) |