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    Home > Chemicals Industry > China Chemical > 200 billion yuan of special re-loans for equipment renovation: promoting the development of the manufacturing industry

    200 billion yuan of special re-loans for equipment renovation: promoting the development of the manufacturing industry

    • Last Update: 2023-01-04
    • Source: Internet
    • Author: User
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    At the end of September, People's Bank of China announced the establishment of a special re-loan for equipment renovation, with an amount of more than 200 billion yuan and an interest rate of 1.
    75%, and specially supported financial institutions to provide loans
    for equipment renewal and transformation in manufacturing, social services, small and medium-sized enterprises, individual industrial and commercial enterprises at an interest rate of no more than 3.
    2%.

     
    The establishment of special reloans for equipment renewal and transformation has a great role
    in promoting equipment renewal and transformation in areas with weak economic and social development, expanding market demand in the manufacturing industry, and promoting consumption recovery as the main force of economic development.
    It can be said to be a shot in the arm to promote the development of the
    manufacturing industry.

     
    Manufacturing is the main body of the national economy, which directly reflects the productivity level of a country, and can be said to be the foundation of the country, the instrument of national rejuvenation, and the foundation
    of a strong country.
    Looking at the development history of various countries since the industrial revolution, we can see that the strength of the country and the strength of the manufacturing industry are inseparable
    .
    Therefore, vigorously developing the manufacturing industry and enhancing the international competitiveness of China's manufacturing industry is the only way
    for China to enhance its comprehensive national strength, ensure national security, and build a world power.

     
    During the "Thirteenth Five-Year Plan" period, China's industrialization process has generally entered a new stage of development that basically realizes industrialization, and the manufacturing industry has also begun to show a momentum
    of structural improvement.
    The growth rate of the manufacturing industry has slowed down, shifting to the direction of green and sustainable, actively moving towards high-end and high added value, accelerating the pace of transformation to intelligence and service, and increasing the proportion of advanced manufacturing
    .
    The Fifth Plenary Session of the 19th Central Committee of the Communist Party of China once again emphasized the strategic task of "unswervingly building a manufacturing power", and during the "14th Five-Year Plan" period, on the basis of basing itself on the new development stage, implementing the new development concept and building a new development pattern, China will embark on a new journey of transformation from a "manufacturing power" to a "manufacturing power", and the structural adjustment of the manufacturing industry will be further promoted
    .

     
    At the end of December 2021, the "14th Five-Year Plan" intelligent manufacturing development plan was released, closely grasping the characteristics of intelligence, taking technology and equipment as the core, and striving to fully popularize digital networking in manufacturing enterprises above designated size by 2035, and basically realize intelligence for key industry backbone enterprises
    .

     
    The 200 billion yuan equipment renewal reloan mainly points to the social field, new infrastructure and manufacturing transformation and upgrading, etc.
    , which will directly promote the investment in equipment renewal in these fields, and have a greater positive effect
    on improving the independent innovation ability of the manufacturing industry, deepening industrial reform, and forming a high-quality development momentum.

     
    At the same time, equipment renewal refinancing provides financial support for equipment renewal and transformation in 10 fields at an interest rate of no higher than 3.
    2%, which is much lower than the weighted average interest rate of enterprise loans (4.
    16% in June), which will also stimulate the credit demand of relevant entities in the short term, help the process of credit easing, and help promote the comprehensive transformation and upgrading
    of the economy.

     
    Original: 200 billion yuan of special re-loan for equipment renovation: a shot in the arm to promote the development of the manufacturing industry
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