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The world economic recovery, will lead the plastic machinery market trade growth

  • Categories:Media coverage
  • Author:
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  • Time of issue:2018-12-18 11:18
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(Summary description)Since the outbreak of the international financial crisis in 2008, the world economy has entered a state of slow development...

The world economic recovery, will lead the plastic machinery market trade growth

(Summary description)Since the outbreak of the international financial crisis in 2008, the world economy has entered a state of slow development...

  • Categories:Media coverage
  • Author:
  • Origin:
  • Time of issue:2018-12-18 11:18
  • Views:
Information

Since the outbreak of the international financial crisis in 2008, the world economy has entered a state of slow development. The sluggish economy has restricted global trade, put shackles on all walks of life, and struggled to move forward under the constraints. However, starting from the second half of 2016, the world economy began to recover, and continued to rise in 2017. The WTO forecast in September 2017 that global trade will grow by 3.2% in 2018; the IMF predicts that global economic growth will accelerate to 3.7% in 2018.

All in all, the economic growth of the global economy accelerated in 2018, accelerating the growth of the world economy. Plastic economist Bill Wood also said that "synchronized global recovery" will promote the growth of the plastics market, and the plastics industry is entering the new year with strong momentum. The plastic machinery industry belongs to the upstream plastic industry, and the recovery of the world economy is bound to drive the growth of the global plastic machinery market.

Leading: Chinese economy

In October 2017, the IMF predicted that the economic growth rate for 2017 will be 3.6%. Among them, China's economic growth has attracted attention and played a leading role in the global economic market. China's GDP growth rebounded slightly in 2017, which is good news for domestic and foreign markets. As the second largest economy in the world, China plays a key role in the global market. In 2017, the domestic and foreign plastic machinery enterprises achieved gratifying revenue, and this result must be closely related to the recovery of the international economy.

According to available data, in the first 11 months of 2017, China exported 737,021 sets of plastic machinery, with an export value of approximately US $ 1.991 billion. The export volume increased by 33% year-on-year and the amount increased by 11% year-on-year. 19,717 sets of machinery, the import value is about 1.605 billion US dollars, the import volume decreased by 27% year-on-year, and the amount increased by 31% year-on-year. It can be seen that China's plastic machinery industry has strengthened intelligence, automation and industrialization to provide a powerful growth point for the global plastic machinery market.

Obstacles: trade protectionism

Economic globalization and free trade have always been the themes of global economic development. However, since the financial crisis, the economic status quo that has entered a period of weakness has caused some countries to start to whisper about it, and trade protectionism is rising. Many countries have made great contributions to tariffs, bans, quotas, government procurement priorities, government subsidies and localization. WTO statistics show that G20 member countries, which account for more than 80% of global trade, had 256 trade protection measures in the first half of 2017. Global trade is suffering from trade protectionist measures since the international financial crisis.

China's plastic machinery will also face related events when exporting to relevant countries. How to protect its own interests in relevant trade cooperation is particularly important. Relevant enterprises should pay close attention to relevant national policies and bills, adjust local marketing activities based on the latest information, and avoid unnecessary losses.

Focus: Mechanical innovation

With the implementation and implementation of China's policies, the development of intelligent, automated and industrialized plastic machines in China has accelerated, industrial clusters have been upgraded in depth, and many breakthroughs have been made in core areas, accelerating the progress of China's plastic machine equipment technology and processes. The economic development of today's world is based on science and technology, walking and advancing in large strides between precise numbers, and the phenomenon of function increases.

In China's current emphasis on the intelligent manufacturing industry, intelligent value-added plastic machinery is an inevitable trend. China's plastic machinery enterprises should deepen the integration of industry resources and achieve quantitative and even qualitative changes in the overall strength of the industry. Super large two-plate servo injection molding machine, biaxially stretched plastic film production line, plastic green energy-saving micro injection molding equipment, large three-color injection molding machine, thermoplastic polyurethane (TPU) supercritical fluid foam injection molding machine, etc. are all our struggles. aims.

The global market economy is gradually recovering, and the future development of the plastics machine industry will also follow the growth. China's plastics machinery companies must correctly understand the surface problems in the global economic market and the icebergs hidden in the water to avoid unnecessary risks and losses in a timely manner. Study hard, recognize your own shortcomings and strengths, check for gaps and fill vacancies, and improve your core value and strength; more importantly, grasp market opportunities, give full play to advantages, and gain benefits.

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