The manufacturing industry is a strategic and basic industry provides technology and equipment for various sectors of the national economy and national defense industry, which is an important guarantee for the industrial upgrading and technological progress, and a concentrated expression of the comprehensive national strength. Mining machinery manufacturing industry is an important part of the manufacturing industry, in recent years, mining machinery manufacturing showed the export-oriented development features, with overall growth of exports, full development of main mining machinery products like electrical machinery, ball mill equipment, crushing machine and other machinery products.
Currently, the structural adjustment of China’s mining machinery manufacturing industry has made important progress with diversified capital structure, continuously increasing of industrial concentration of major industry, as well as the sustained rapid growth of investment in fixed assets. At the same time, the scientific and technological innovation has developed into a strong driving force for promoting continuous development of the industry, which significantly improved the development quality.
China’s mining machinery manufacturing industry structure will obtain a material adjustment recently, which will continuously adjust and optimize the structure of the mining machinery industry to promote industrial upgrading. China mining machinery industry is a labor-intensive industry, and labor-intensive products will remain dominant in export products for a long period of time, at the same time, we should also see the advantages of slowly weakening of labor-intensive export products. In order to have a long-term development, the mining machinery industry in China needs to adjust and optimize the industrial structure, to promote the upgrading of mining machinery industry.
