The hottest foreign investment catalogue encourage

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The catalogue of foreign investment encourages foreign capital to enter emerging industries

the national development and Reform Commission and the Ministry of Commerce recently released the catalogue for the guidance of foreign investment industries (revised in 2011). The national development and Reform Commission said that the new catalogue will focus on the main line of accelerating the transformation of the mode of economic development, coordinate domestic development and opening up, focus on optimizing the structure of foreign capital, promote scientific and technological innovation and industrial upgrading, implement the 12th Five Year Plan for China, improve the level of foreign capital utilization, adjust and optimize the economic structure, and participate in international cooperation and competition at a higher level and on a larger scale

however, in order to ensure the uniformity in the laboratory chamber, the new catalogue shows that the polysilicon industry has withdrawn from the encouraged fields, while the key equipment in strategic emerging industries, as well as the service industry and high-end manufacturing industry have received policy support

polysilicon industry has yet to break through

the national development and Reform Commission said that in order to curb overcapacity and blind duplication of construction in some industries, the new catalogue deleted items such as polysilicon and coal chemical industry from the encouraged category

Wang Haisheng, an analyst in the power equipment and new energy industry of Huatai United Securities, said that deleting polysilicon from the encouraged category is a continuation of the national policy of restricting the development of industries with high pollution, high energy consumption and overcapacity. As far as the global market is concerned, there has been overcapacity in polysilicon projects. At present, the production capacity of the world's top five polysilicon related photovoltaic enterprises can fully meet the market demand. If foreign investment in polysilicon industry is encouraged again, it is bound to form a serious overcapacity. In addition, the development level of China's polysilicon industry has been equivalent to the world level, and there is no need to introduce foreign capital. The production technology of Tianwei baobian, Tongwei shares and Sichuan investment energy has reached the world level

UBS Securities believes that in the medium term, the price of polysilicon is expected to face pressure due to slowing demand, but the quality of polysilicon will become increasingly important, and module manufacturers will shift from polysilicon to monocrystalline silicon in order to improve power generation efficiency. Equipment manufacturers will focus on single crystals and high-purity polysilicon in order to reduce the total cost of polysilicon

it is understood that one way for polysilicon enterprises to reduce the overall production cost is cold hydrogenation transformation, which can reduce the cost by 20%. Industry insiders said that accelerating the development of cold hydrogenation technology transformation of enterprises, promoting leading enterprises to continuously reduce their costs on a large-scale basis and have a good recycling cost, and increasing support for high conversion photovoltaic polysilicon cells and efficient and low-cost polysilicon purification technology are the preferred strategies for polysilicon manufacturers to survive. In addition, in the future, the state's support for the polysilicon industry will favor the survival of the fittest. According to the 12th Five Year Plan for the solar photovoltaic industry, by 2015, China will form about 10 10000 ton polysilicon enterprises and 12 gigawatt (megawatt) solar cell enterprises

emerging industries are encouraged

the new catalogue has added items such as the manufacturing of key parts of new energy vehicles, the manufacturing of new energy power generation complete sets or key equipment, and the next generation interconnection system equipment based on IPv6. The national development and Reform Commission said that this is to encourage foreign investment, including at least 79000 tons of plastic energy, environmental protection, new generation information technology, biology, high-end equipment manufacturing, new energy, new materials, new energy vehicles and other strategic emerging industries

it is worth noting that the manufacturing of key components of new energy vehicles has the most encouraged items, including energy type power batteries, battery cathode materials, battery separators, automotive dc/dv, high-power electronic devices, battery management systems, motor management systems, electric vehicle drive motors, electric vehicle electronic control integration, plug-in round power electromechanical coupling drive systems

Dufangrui, Assistant Secretary General of the China Association of automobile manufacturers, said that at present, the development of new energy vehicles is relatively slow worldwide. It is expected that even in another 20 years or so, new energy vehicles will only account for about 10% of the global automobile production. As far as China's current new energy vehicle industry is concerned, the most needed key component is the automatic transmission

with regard to the deletion of automobile manufacturing items from the encouraged category in the new catalogue, Du Fangrui said that now almost all major automobile manufacturers in the world have invested in China, and the automobile manufacturing production has reached saturation. At present, the key is to encourage foreign investment in key equipment and parts

experts said that in addition to guiding foreign investment in strategic emerging industries, China has also issued a series of policies to encourage the import of relevant key equipment and parts. The Ministry of Finance recently announced that China will implement a lower provisional import tax rate on 730 kinds of goods in 2012, including key equipment and parts required for the development of high-end equipment manufacturing, new generation information technology, new energy vehicles and other strategic emerging industries

the development of the service industry ushers in a positive situation

in order to encourage foreign investment in modern service industry, support the service industry facing the people's livelihood, expand the use of foreign capital, and promote the opening process of the service industry, the new catalogue, although the data volume of quantum mechanical analysis in solid-state physical chemistry is also huge, has added 9 items of service industry encouragement

Galaxy Securities believes that the service industry is expected to become the biggest beneficiary of this process in an environment where China's per capita GDP has reached $4000 and household consumption has formed an upgrading trend. According to the requirements of quadrupling the per capita GDP in 2020 compared with that in 2000 and building a well-off society in an all-round way put forward by the 17th CPC National Congress, the per capita GDP will exceed US $5000 at that time (regardless of exchange rate changes). In this process, residents' consumption will gradually change from comfortable to enjoyable. In tourism, higher education, leisure and other fields, the income elasticity coefficient of service demand will rise significantly

insiders said that foreign investment in the service sector will be beneficial to the development of China's service industry and help stimulate China's domestic demand

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