As the economic globalization speeds up, there are more and more transnational corporations trying to transfer their attention to the Chinese market. The market competition seems to be quite fierce, which forces the domestic companies in all industries to improve their brand and products through the technological advancement, absorbing the foreign technique and making innovation on our own. This situation also goes to mining machinery industry.
For the Chinese mining enterprises, the most necessary method they need to consider is to adjust their enterprise structure as soon as possible. So far, most domestic mining companies have been regarded as weak and small with poor quality. We can see that the Chinese enterprises are not good at the management and our economic scale doesn’t meet the required standard. Therefore, it’s very important for the corporations to help each other with the current developing status.
At present, the domestic mining machinery manufacturers are poor at the innovation capacity and few of them are able to push forward their own new technology and creative products. This causes the Chinese mining machinery industry to stagnate or develop quite slowly. In this case, the Chinese government carries out several related policies and subsidy policies to support the mining machinery enterprises, which has been a great help to the current mining industrial development.
Among so many international competitors all over the world, though we Chinese companies have the advantage of low price, we still have many disadvantages of low automatic control degree and appearance quality. If we want to be the principal part in the modern innovative revolution, we should cooperate with the domestic research and development institutes to make the most use of all kinds of resources.
