Our Party branch held the 2013 year-end summary meeting.

On January 10, 2014, the Party branch of Chongqing Push Machinery Co., Ltd. of the Communist Party of China held its 2013 annual general meeting for Party members in the company’s staff training room. The main agenda items of this meeting included a report on the Party branch’s work in 2013 and the deployment of tasks to be carried out by the Party branch in 2014; discussion on whether eight comrades—including Yang Lijuan and Gong Yong—should be converted into full Party members; and the election of two new members to the branch committee. Comrade Zhao Xinwu, the branch’s publicity officer, summarized and laid out plans for the Party branch’s work in 2014, covering an overview of the Party building work in 2013, progress and achievements made, existing problems and difficulties, and key priorities for Party building work in 2014.

2017-06-05 15:30

In 2014, structural differentiation will emerge in the development of various sub-sectors within the machinery industry.

In 2014, as China’s economy undergoes structural adjustments, downstream investment will show significant divergence. Investment in sectors such as real estate and industries suffering from overcapacity will be restrained. Meanwhile, investment in areas including national defense, high-end equipment manufacturing, projects benefiting people’s livelihoods, environmental protection, and energy will continue to grow. The shift in downstream demand driven by this investment transformation will lead to structural differentiation in the development of various sub-sectors within the machinery industry. Industry insiders indicate that, under the prospect of structural differentiation in industry development in 2014, they are optimistic about emerging growth areas such as oil and gas equipment, the general aviation industrial chain, and industrial automation equipment. Additionally, traditional industries will benefit from policy changes and...

2017-06-05 02:04

Easing of business registration brings good news for enterprises.

On the 14th, the First Session of the 12th National People's Congress adopted a decision on the "Plan for Institutional Reform and Functional Transformation of the State Council." To maximize deregulation of various market entities from both institutional and systemic perspectives and to boost the entrepreneurial enthusiasm of enterprises and individuals, the "Plan" proposes five key measures. These five measures are: reducing approval procedures for investment projects; cutting down on approval requirements for production and business activities; decreasing the number of licensing and qualification permits; lowering administrative and public service fees; and gradually reforming the business registration system. Among these measures, the proposal to "gradually reform the business registration system" has drawn considerable attention. The specific wording in the Plan states: "Gradually reform the business registration system, replacing..."

2017-06-05 02:03

Energy-saving enterprises will enjoy a three-year exemption and a 50% reduction in taxes.

To encourage enterprises to adopt the contract energy management model for energy-saving services and intensify efforts in energy conservation and emission reduction, the State Administration of Taxation and the National Development and Reform Commission recently issued a notice clarifying certain issues related to the implementation of the corporate income tax preferential policies for contract energy management projects. The notice stipulates that energy service companies implementing energy-saving benefit-sharing contract energy management projects—provided they are subject to account-based tax collection and meet the prescribed conditions—may enjoy the corporate income tax preferential policy of "three years of exemption and three years of 50% reduction." If the benefit-sharing period agreed upon in the sharing-type contract of an energy service company is shorter than six years, the company may enjoy the preferential treatment based on the actual duration of the benefit-sharing period. During the preferential period, any transfer of the project is permitted.

2017-06-05 02:03

Manufacturing growth is rebounding, and China’s economy is clearly stabilizing.

Statistical data show that in January 2012, China’s manufacturing Purchasing Managers’ Index (PMI) stood at 50.5%, up slightly by 0.2 percentage points from the previous month. After剔除 seasonal factors, manufacturing growth showed a modest rebound. However, looking at manufacturing as a whole, the purchase prices of major raw materials remain at historically high levels, and enterprises continue to face significant cost pressures. In January of this year, China’s manufacturing PMI continued to rise slightly, signaling that the country’s economic adjustment process is gradually stabilizing. Meanwhile, the new orders index and the raw materials inventory index both rose, reflecting an improvement in industrial enterprises’ production preparation conditions. From December 2011...

2017-06-05 02:02

In 2012, the growth rate of the industrial sector will moderate somewhat, while overall operations will remain stable.

On February 7, the Ministry of Industry and Information Technology held a press conference to introduce the development status of China’s industrial and telecommunications sectors in 2011 and the outlook for 2012. At the press conference, Zhu Hongren, member of the Party Leadership Group and Chief Engineer of the Ministry of Industry and Information Technology, stated that while industrial growth will moderate somewhat in 2012, the overall economy will still remain on a steady and relatively fast track. Zhu Hongren noted that the phrase “steady with progress” is the best and most accurate way to describe this year’s industrial economic performance. This phrase not only captures the current situation and the trend for this year but also sets forth the key requirement for this year’s industrial economic tasks. Speaking about this year...

2017-06-05 02:02