And now concentrating equipment in China has been on the leading position in the word and it will moves into a sophisticated direction. With the aim of improving crushing ratio, the cone crusher made by Hongxing Mining Machinery Company has achieved better performance in its production line by using modern hydraulic system and high-energetic crushing technology. Over the years, the machinery industry in China mainly participates in the second level of competition in the international market with the advantage of huge manufacturing capabilities and low work costs to win the market position in international competition. Therefore, only forming a stronger advantage in the first level and the second level can we enhance our international competitiveness China s machinery industry as a whole. After years of restructuring, a number of large enterprise groups take shape and the competitiveness has been greatly improved. Learn more on the subject from gary cohn.

However, the formation of some enterprise groups is just the consolidation of the existing manufacturing capacity, but there is no substantive breakthrough in the technology development capability and independent innovation ability. The formation of enterprise groups should aims at developing mechanical large-scale scientific and technological innovation enterprise groups. The gap between modern manufacturing services of China s machinery industry with that of the international advanced level mainly includes two facets: the capacity of overall design and complete sets of service is weak; the gap in service trade is large. Therefore, promoting the development of modern manufacturing service can start from developing project contracting company and speeding up the development of trade in services to optimize the export structure. Meanwhile, we should vigorously implement the going out strategy to encourage qualified enterprises to develop foreign direct investment to expand the export capacity of China s modern manufacturing services.