In terms of the industrial foundation, structure and strength in scientific research of the machinery industry in Sichuan, the province possesses considerable nationwide competitive advantages and potentialities, some fields having occupied a leading place for long. Though problems still exist like relatively low industrial concentration, sluggish technological progress, impractical product structure, lack of energy, raw materials and capital, it still has great space for growth and investment since it has good foundation and ability to provide auxiliary items, low-cost land, energy and labor force, reliable scientific research capability and favorable investment climate viewing from the international market and the development tendency of Sichuan machinery industry.
The machinery industry occupies a significant proportion in overall industries in Sichuan. Having broad market space and rising potentials, it is both one of the competitive industries supported by the government in priority and the first choice for foreign investment that governments at various levels all claim. The State and the local governments both formulated series of preferential policies for it. Investors in this industry can not only play a role as pioneer in the local production, supply and sale market, but also can realize radiant effect toward the entire central and west regions of China due to the geological advantage and expand product sales share in the nationwide market. On this basis, with abundant, good-quality but cheap labor force in Sichuan, invested enterprises can be oriented toward international market to be a link in the machinery industrial system of transnational corporations and gain rich returns.
In view of the status quo of this industry in the province, investors who have capital available, advanced technology and R & D ability will definitely be competitive in this market. Besides, opportunities also lie in filling the gap of product market and complementing the break in industry chains. In a word, machinery industry in Sichuan Province has solid foundation and potential to grow. With plenty of investment opportunities and product demands, it is worth for investors¡¯ consideration and further investigation. |