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For a long time, China's chemical machinery original innovation is not enough, the entire industry is at the edge of the loss, a large number of modern large-scale petrochemical equipment imports, the overall economic efficiency of the industry is low. In 2004, the chemical machinery industry ushered in the booming production and sales boom, and reversed the industry-wide loss situation. The main reasons are as follows: First, domestic and foreign markets have a strong demand for petroleum and chemical equipment; secondly, technological progress has improved the economic benefits of the entire industry; and third, breakthroughs have been made in industrial restructuring and restructuring of enterprises.
According to the 2004-2005 annual report of China's chemical market research, the current market demand for petrochemical machinery, plastics machinery, etc. is still very large in terms of demand structure. It can be said that after the petrochemical machinery industry has experienced difficulties, the economic efficiency will maintain a steady growth, and it is expected to end the long-term loss situation and begin to change to benign development.
With the rapid development of economic globalization, China has become the largest and most attractive market in the world. Countries in the world have seized the Chinese market one after another. Petrochemical, pharmaceutical, food, and education industries are important pillar industries of China's national economy. The petrochemical, pharmaceutical, food, and education markets will be more open and the competition will also become more intense. Petrochemical, pharmaceutical, electronics, and food companies are facing Unprecedented opportunities and challenges have brought about greater room for development. After China's accession to the WTO, the Yangtze River Delta economy has exhibited unprecedented market demand and prosperity. Shanghai is not only China's economic center, but also one of the most economically dynamic metropolises in the world.
According to the prediction of China National Chemical Equipment Association, China's petroleum and chemical industry will continue to grow rapidly during the “11th Five-Year Plan†period, and China's chemical machinery industry will usher in a new period of development. In order to adapt to the new changes in the needs of industries such as petroleum and chemical industry, China's chemical instrument industry is undergoing a new round of strategic transformation from quantitative expansion to qualitative improvement.