On March 6, Zheng Jiejie, director of the National Development and Reform Commission (NDRC), said that the NDRC, together with relevant departments, has recently formulated an Action Program for Promoting Large-scale Equipment Renewal and Consumer Goods Replacement (hereinafter referred to as the Action Program), which focuses on the implementation of "four major actions" for equipment renewal, consumer goods replacement, recovery and recycling, and standards upgrading. (hereinafter referred to as the Action Program), focusing on the implementation of the "four major actions" of equipment renewal, consumer goods trade-in, recovery and recycling, and standard enhancement. Taking equipment renewal as an example, with the deepening of high-quality development, the demand for equipment renewal will continue to expand, and the preliminary estimate is that it will be a huge market with an annual scale of more than 5 trillion yuan.
"Trade-in" can not only stimulate demand through "trade-in", promote consumption and industrial upgrading, but also to "collect the old" to form a closed loop, smooth resource recycling chain. "In addition to the direct benefit of the equipment manufacturing industry and consumer durables industry, including related parts suppliers, logistics service providers, after-sales service providers, etc.; "collection of old" will benefit the recycling of waste materials, dismantling, reuse and other links. With the development of circular economy, the related renewable resources processing and utilization, environmental protection equipment manufacturing, waste treatment and disposal industries will also usher in development opportunities.
Promote the double upgrade of the consumer industry
At the end of last year, the Central Economic Work Conference in the "efforts to expand domestic demand" in the deployment of work, it is proposed "to improve technology, energy consumption, emissions and other standards as a traction, to promote large-scale equipment renewal and consumer goods replacement". This year, the fourth meeting of the Central Finance and Economics Commission and the recent State Council executive meeting to consider the adoption of the "action plan" are emphasizing "trade-in".
At this press conference, Zheng Jiejie on the "Action Program" further pointed out that "trade-in" will focus on the implementation of the equipment renewal action, focusing on industry, agriculture, construction, transportation, education, culture and tourism, health care and other seven areas. It will focus on energy saving and carbon reduction, ultra-low emission, safe production, digital transformation, intelligent upgrading and other directions to promote the renewal and transformation of equipment in key industries. At the same time, it will promote the renewal of equipment in the field of construction and municipal infrastructure in combination with the promotion of urban renewal and the transformation of old districts, categorize the renewal of equipment in the field of construction and municipal infrastructure, support the renewal of transportation equipment and old agricultural machinery, and promote the renewal and upgrading of equipment in the fields of education, culture and tourism, and medical care, so as to drive the production and application of more advanced equipment.
Implementing the consumer goods trade-in program. It will carry out the trade-in of automobiles, home appliances, home furnishings and other durable consumer goods, phase out old automobiles that meet the mandatory scrapping standards in accordance with the law, encourage and support consumers to trade in their old appliances for energy-saving appliances, and provide strong support for promoting the ageing-friendly transformation of homes.
In addition, the implementation of recovery and recycling actions. To strengthen the recovery and recycling, we will implement a comprehensive conservation strategy, establish a sound recycling system, strengthen the development of new modes such as "new + recycling", and smooth the chain of resource recycling; and implement standard enhancement actions. Will be benchmarked against the international advanced level, combined with the actual development of the industry, taking into account the affordability of enterprises and consumer acceptance, and give play to the pulling effect of energy saving and carbon reduction, environmental protection, safety, recycling and other standards, the formulation of the formulation, the revision of the revision, to promote more Chinese products and equipment to high-end, intelligent, green development.
"Promote large-scale equipment renewal and consumer goods trade-in, is the CPC Central Committee, the State Council focusing on high-quality development of the overall situation of the major deployment, can promote consumption, pull investment, but also increase advanced production capacity, improve production efficiency, but also to promote energy saving and carbon reduction, reduce safety hazards, both to benefit the people, but also beneficial to the enterprise, a multi-two-two-trick pony." Zheng Jiejie said.
From the "Action Program" proposed "four major actions" to see, "trade-in" not only through the "trade-in" to stimulate demand, promote the double upgrade of the consumer industry, but also to The "collection of old" to form a closed loop, smooth resource recycling chain. Specifically on the development of the industry, the Beijing Academy of Social Sciences, associate researcher Wang Peng pointed out that "new" in addition to the direct benefit of the equipment manufacturing industry and consumer durables industry, but also includes related parts suppliers, logistics service providers, after-sales service providers. At the same time, the promotion and application of new equipment may also drive the development of related software and information technology services.
Release of trillion-dollar market
Zheng Jiejie pointed out that China's automobiles, home appliances and other consumer durables have a huge amount, the general public for higher quality, smarter, greener, more personalized consumer goods demand is also growing, every year there is a great demand for renewal. In addition, China is a large manufacturing country, many of the world's largest equipment holdings, the end of last year, the assets of industrial enterprises above designated size has exceeded 160 trillion yuan, with the deepening of the new type of industrialization, the demand for advanced equipment is still growing.
It is worth noting that the equipment renewal or the main force of fixed asset investment growth. Data released by the National Bureau of Statistics shows that in 2023, the national fixed asset investment (excluding farmers) 503,036,000,000 yuan, an increase of 3% (calculated on a comparable caliber), according to the composition of the construction and installation works, the purchase of equipment and equipment and other costs, respectively, an increase of 2.1%, 6.6% and 3.1% year-on-year.
Zheng Jiejie pointed out that the equipment renewal, for example, last year, China's industrial, agricultural and other key areas of equipment investment scale of about 4.9 trillion yuan, with the deepening of high-quality development, the demand for equipment renewal will continue to expand, the preliminary estimate will be an annual scale of more than 5 trillion yuan of the huge market. Look at consumer durables, the end of last year, China's civilian car ownership reached 336 million, refrigerators, washing machines, air conditioners and other major categories of home appliances ownership of more than 3 billion units, automobiles, home appliances upgrade can also create a trillion-dollar market space.
Promote large-scale equipment renewal will bring what dividends to the industry? To the field of machine tools, for example, it is the foundation of the manufacturing industry and the fulcrum of industrial leap, known as the mother of industry.
As Beijing's key state-owned large-scale machine tool manufacturing enterprises, Beijing Beiyi Machine Tool Co., Ltd (hereinafter referred to as "Beiyi Machine Tool") Chief Engineer Ma Jianchuan told the Beijing Business News reporter that in recent years, the user demand for intelligent equipment is becoming higher and higher, mainly in the machine tool condition monitoring and life management. In response to customer demand, the company in the machine tool drive system, lubricant status, pumps, oil coolers and other parts of the increase in detection devices, through the development of intelligent industrial software for deviation analysis and predictive maintenance, etc., to improve the level of digitalization and intelligence of the product. Recently, Beijing has also listed high-end industrial machine tools as one of the key industries in the city to build "six chains and five groups", and Beiyi machine tools have ushered in a major historical development opportunities.
Ma Jianchuan also said that Beiyi Machine Tool has long had a layout in equipment renewal services, firstly establishing the Overhaul and Rehabilitation Business Department in 2005, and later establishing Beijing Beiyi Coburg Machine Tool Technical Service Co. (hereinafter referred to as "Beijing Beiyi Coburg Machine Tool Technical Service Co., Ltd."), to provide repair and modification business for the heavy-duty products of the customers and Beiyi Machine Tool in Germany, in order to enhance the brand image, strengthen the adhesion of the customers, and meet the diversified needs of the customers. At present, the income from repair and remodeling business reaches 20% of the annual sales revenue of heavy-duty products, and grows year by year. It is reported that in 2023, the orders on hand for heavy-duty products of Beiyi Machine Tool have exceeded 300 million yuan.
"Promoting large-scale equipment renewal and consumer goods trade-in is a systematic project, and to do a good job of this work, we need to play a good policy combination." Zheng Jiejie pointed out that the National Development and Reform Commission will work with relevant parties to increase fiscal, financial, tax and other policy support, and strengthen the land, energy and other elements of protection and scientific and technological innovation support.
