China will carry out major technological transform

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China will implement major technological transformation for more than 300 state-owned enterprises. Today, the State Economic and Trade Commission announced the second batch of 192 projects for key state-owned enterprises to implement technological transformation. So far, the total investment of 351 projects in the first two batches of technological transformation in China has exceeded 120 billion yuan. According to an official of the Industrial Investment Department of the State Economic and Trade Commission, the third batch of technological transformation projects are under consideration and are expected to be introduced soon. He said that the country will also strive to organize the selection of the fourth and fifth batch of projects. The official said, "China has taught us more details about how to correctly use the experimental machine by using the interest discount method of financial bond loans. The purpose of large-scale technological transformation of existing state-owned enterprises is to further expand domestic demand and achieve the goal of three-year reform and difficulty relief of state-owned enterprises. However, technological transformation is not a temporary work, but a strategic measure that should be adhered to for several years and aimed at achieving the industrial upgrading of China's key industries." Of the 60 billion yuan of additional treasury bonds recently issued by China, 9 billion yuan will be used to support the technological transformation projects of key industries and enterprises. Experts estimate that 9 billion yuan of financial bond funds used for technological transformation can stimulate about 180 billion yuan of technological transformation investment. It is understood that the technological transformation is mainly aimed at 512 key enterprises, 120 enterprise groups and industry leaders in seven key industries. After the completion of the first two batches of technological transformation projects, the "landmark" goals of metallurgy, petrochemical, papermaking, nonferrous metals and other industries will be achieved, and the "landmark" goals of machinery, electronics, textile and other industries will be basically achieved, said J RN Grossmann, a new technology expert of semicon. In order to ensure the quality of investment, the state has put forward clear goals, namely landmark goals, for the key areas involved in technological transformation. Taking the metallurgical industry as an example, after the completion of the first two batches of technical transformation projects, it is required to achieve the international advanced level of physical quality of nine high value-added products such as hot-rolled thin plates, basically eliminate open hearth steelmaking, and increase the continuous casting ratio from the current 68% to more than 80%. Shougang, one of China's top ten iron and steel groups, is one of the beneficiaries of the state's huge investment in supporting technological transformation. According to relevant sources, the technical transformation funds obtained by Shougang will be mainly used for dust pollution control and coal-fired pollution control, including the construction of a new 80000 cubic meter gas holder when installing the oil pipe connecting the main body and the dynamometer, and the transformation of 14 coal-fired locomotives into diesel locomotives. An official from the economic and Trade Commission said that more and more state-owned enterprises have realized the necessity and urgency of technological transformation, and plan to take this opportunity to enhance their technological innovation ability, improve the level of equipment, and improve the technical content of products, so as to enhance their market competitiveness

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