China and South Korea are the hottest to prepare f

2022-08-24
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China's construction machinery is facing new opportunities in the preparation for the establishment of the free trade zone between China and South Korea

China's construction machinery is facing new opportunities

China's construction machinery information

Guide: since the mid-1980s, hydraulic excavators, forklifts and other products representing the leading products of South Korea's construction machinery have begun to enter the Chinese market with the advantages of low price and considerate service, Since then, China's construction machinery industry has a comprehensive understanding of Korean construction machinery. At present, China and South Korea are planning to establish a free

since the mid-1980s, hydraulic excavators, forklifts and other products representing the leading products of Korean construction machinery have entered the Chinese market with the advantages of low price and considerate service. Since then, China's construction machinery industry has a comprehensive understanding of Korean construction machinery. At present, China and South Korea are planning to establish a free trade zone to eliminate trade barriers and enhance trade exchanges between them. What will this bring to the development of China's construction machinery industry, but how will it affect crystalline polymers

according to the data of China Construction Machinery Industry Association, the total import and export of China's construction machinery in 2006 was 8.94 billion US dollars, and the import from South Korea was 50.424224 million US dollars, accounting for 12.83% of China's total import of construction machinery. China's total export of construction machinery products to South Korea was 199422600 US dollars, accounting for 3.98% of the total export. The total import and export of construction machinery to South Korea ranks among the top three in China's total import and export of construction machinery, and South Korea has become one of China's major trading partners

according to the data, the sales volume of Korean construction machinery in 2006 was 3816.7 billion won (about 3.8 billion US dollars), of which the export volume accounted for 75%, about 2.8 billion US dollars, far lower than the export volume of Chinese construction machinery of 5billion US dollars. According to industry experts, after the establishment of the free trade zone, the two countries will still play their respective advantages in trade exchanges

it is understood that the categories of construction machinery products in China are relatively complete, while the Korean construction machinery industry is dominated by hydraulic excavator and forklift, whose output accounts for 90% of the Korean construction machinery product output. Other products such as wheel loaders are sold 4580 units a year, and the annual output of other products is only 1000 and 100 units. For the hydraulic parts supporting system and main transmission components of construction machinery in South Korea, the amount of international supporting procurement and self-made components basically account for half, but the production specialization of self-made hydraulic parts and transmission components in South Korea is very high, and the product development level and technology are at the same level as China, so the two countries have good complementarity in the supply of parts

it is understood that the total sales volume of forklifts in South Korea reached 35000 units in the highest year. At present, Doosan Construction Machinery Co., Ltd. (formerly Yantai Daewoo) established in Yantai City, China, produces more than 2000 forklifts per year, accounting for 2% of the forklift production in China. Korean hydraulic excavators entered the Chinese market earlier and established two joint ventures in China. In 2006, China imported 4828 hydraulic excavators directly from Korea, accounting for 7% of China's sales that year. Mao Zhong, Deputy Secretary General of China Construction Machinery Association, can also develop and manufacture all kinds of non-standard experimental machines for special purposes according to the needs of users. Wen said that after the establishment of the China South Korea Free Trade Zone, since South Korea has three wholly-owned and joint ventures in China, it is not advantageous to re import hydraulic excavators from South Korea, and the import volume is expected to remain at about 4000

if China and South Korea establish a free trade area, the two countries will have better complementarity in the trade of construction machinery. Among them, the demand for hydraulic excavators in China's market is large. In 2006, hydraulic excavators imported from South Korea accounted for 40% of the total amount of construction machinery imported from South Korea; Secondly, the import and export of parts and components are highly complementary. In 2006, the import of parts and components from South Korea was 260.63 million US dollars, accounting for 51.68% of the total imports from South Korea, such as oxide skin, metal debris and so on. These parts and components are mainly supplied to South Korea's joint ventures in China. Similarly, South Korea purchased construction machinery parts from China in 2006, amounting to US $93.774 million, accounting for 47% of the total exports to South Korea; In addition, the trade of cranes and elevators is complementary

Mao Zhongwen said that after the establishment of the China South Korea Free Trade Zone, China's construction machinery industry can promote the healthy development of bilateral trade in terms of industrial scale, product variety development and product technology level. After the establishment of the China South Korea Free Trade Zone, although there will be direct competition between Chinese construction machinery enterprises and Korean enterprises, the competitive product fields are relatively few, Competitive product technology water, then now Jinan experimental machine factory will teach you that the next level is relatively close, and there is no obvious advantage. On the contrary, after the tariff adjustment, the number of China's construction machinery host products entering the Korean market will rise, and continue to develop in the processing trade of parts and components. Therefore, the preparation for the establishment of China South Korea Free Trade Zone will usher in new opportunities for the development of China's construction machinery industry

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