Equipment manufacturing industry ushered in a period of deep adjustment and transformation
Equipment manufacturing is an important supporting industry in the petroleum and chemical industries. In the first decade after entering the new century, along with the rapid growth in investment in the petroleum and chemical industries, equipment manufacturing industry also ushered in a rare spring. Whether it is the industry as a whole or the individual business, it has achieved great success in terms of operating income, growth rate of output value, profits and benefits, taxation, etc., and has made achievements in areas such as scientific and technological innovation and major equipment independent research. It can be said that through this decade's efforts, the petroleum and chemical equipment manufacturing industry has successfully achieved a historic leap from small to large.
However, in recent years, due to the cooling of the world economy, China's petroleum and chemical industries have been hit by no small impact, the growth rate has slowed down, and the efficiency has declined. Although the industry's investment remains at a relatively high level, its sustainability remains to be seen. The oil and chemical equipment manufacturing industry must break through the bottleneck, and further development in order to achieve greater change from strength to strength, will inevitably undergo a round of in-depth adjustment and transition period.
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