[comment] chemical industry in March 10, 2016, Shanghai in the Chinese economy into the new normal background, how to release the potential for economic growth, for social and economic sustainable and healthy development of the road, two of the country in 2016 to become the focus of discussion. “Supply side reforms” will be discussed the high frequency words the solution to this problem. Insiders pointed out that the supply side reform is the focus of the government in 2016, and will become a breakthrough in innovation driven development strategy.
Over the years, the rapid growth of economy Chinese, rely mainly on the demand side to promote implementation, and strong stimulus overcapacity, resource depletion, environmental overdraft and other sequelae makes growth difficult to continue. The supply side reform and eliminate backward production capacity, improve industrial quality, optimize the industrial structure helps to realize the sustainable development of the economy in the long term. It China petroleum and chemical industry, extensive mode of economic development after years of formation, high energy consumption, high polluting enterprises has seriously hampered the healthy and sustainable development of the industry, and cause environmental pollution, waste of resources, overcapacity situation is grim.
China in the context of the economic slowdown, the petrochemical industry structural overcapacity contradiction, it can be expected that in 2016 the industry will accelerate the “supply side reforms”, promote industrial restructuring, promote industrial restructuring and upgrading. The chemical industry is an important task to accelerate the development of new materials and other emerging industries of strategic importance, further reducing efficiency, adhere to green development.
To strengthen the supply side structural reform, the elimination of backward production capacity, advanced production spare resources, capital and market space, is the only way which must be passed to the healthy development of the economic track. The value chain of each link of sustainable attention will also make such as LANXESS to pay attention to environmental protection and green development companies gain a competitive edge in the market in China. On the other hand, the economic slowdown in the market demand, low-spirited background, personalized, diversified demand increasingly obvious trend, but the production capacity does not adapt to changes in demand, ineffective supply, insufficient effective supply. In addition to upgrading in the production process, to solve the contradiction between supply and demand coordination needed to upgrade the products, to provide high quality products to meet market demand, to strengthen the quality of supply.
From the long-term goal of the development of the world view of “supply side reforms” is not a new route Chinese actively adapt to the economic structure, promoting transformation “, is a healthy development path in line with the green.
Although, puts forward new requirements for supply side reform of new technology and professional knowledge to the field of chemistry, “focus on solutions for green city, mechanization, water treatment and agricultural technology, to provide high-quality advanced products and innovative, and help deal with China face changes and challenges”, these are not the prospect and requirements for the future development of science and technology. In the short term, perhaps because some companies will supply side reform pressure, more cost, technology and energy, more or some enterprises will face serious challenges against failure. However, in the case of high strength and high pressure requirements still can lead to a rise of new industries. They pay more attention to the use and protect the environment, more accord with the requirement of sustainable development.
In fact, only in line with the requirements of the enterprise can obtain the human recognition and long-term development.
The supply side reform, although in the short term will bring economic pain, from a long-term perspective on economic growth quality and efficiency will bring good.