China announced Sunday a list of machinery products that will be affected by its accession into WTO.
The list, released at the current Fourth China Fair for International Investment and Trade in the port city of Xiamen, shows that the machinery industry will suffer the most and for the longest of all industries, following the country’s WTO accession.
Products predicted to be affected include the following:
-- Advanced electricity generating equipment, including supercritical thermal power generating units, circulating fluid bed furnaces, large gas turbine, pumped-storage power units;
-- New-type metallurgical and mining equipment such as sheet bar cool and hot rolling equipment, multi-rope whirling equipment with a diameter of four meters, and long-distance, high-strength belt transmission equipment;
-- Equipment which can produce 450,000 tons of synthetic ammonia, 800,000 tons of urea and 600,000 tons of ethene annually;
-- Large tractors for special purposes, and supporting agricultural machinery, such as over 80-horsepower tractors;
-- Large engineering machines with high efficiency, such as over 10-cubic-meter scrapers and 100-ton trucks used in mines;
Other products include, basic machinery and key spare parts, automatic control system and new-type sensing components, and new-type machinery for environmental protection.
The spokesman for State Administration of Machinery Industry said that China plans to set up 30 to 50 large machinery enterprises and enterprise groups to counter the challenges brought by China’s accession into the WTO.
(People’s Daily)
