My Country's Rubber Industry Insists On Innovation To Achieve High-quality Development Under The New Situation

- Jul 24, 2020-

A few days ago, the "Rubber Industry Innovation and Development Forum and the 20th National Rubber Industry Information Conference" hosted by the China Rubber Industry Association was held in Yantai, Shandong. The theme of this conference is "Innovation and Development in the New Situation", firmly grasping high-quality development, persisting in doing our own affairs, and actively responding to the new situation has become the main theme of the conference.

At the meeting, Deng Yali pointed out that the future economic operation will still face several downward pressures: the long-term and complex Sino-US trade friction has brought many adverse effects on the industry economy and market expectations; the production and sales of automobiles have decelerated sharply, the logistics and transportation methods have been adjusted; operating costs Shows an upward trend, squeezing corporate profits; the contradiction of structural overcapacity is prominent; innovative research and development capabilities are not strong. Therefore, it is hoped that the rubber industry will stick to innovation as its core, address the contradictions of the unbalanced and insufficient development of enterprises in the industry, make up for shortcomings, improve quality, increase efficiency, and strengthen strength. Focus on enhancing scientific and technological research and development capabilities, improving mid-to-high-end supply capabilities, value creation capabilities, core technology control capabilities, intelligent manufacturing and green development capabilities, and promote development quality to a new level, strive for the initiative for future development, and achieve high-quality development.

It is understood that Deng Yali, president of China Rubber Industry Association, made a keynote report on "Analysis of China's Rubber Industry Economic Operation and Forecast of Development Trends". Deng Yali briefly reviewed the development process of the rubber industry in the past 70 years, focusing on the analysis of the process of China's rubber industry from quantitative change to qualitative change in the 20 years into the new century, the "10th Five-Year Plan", "Eleventh Five-Year Plan", "Twelfth Five-Year Plan" and "13th Five-Year Plan". The development characteristics and major events of each stage (the first three years) pointed out that development came through the process of overcoming difficulties and facing challenges. From January to August this year, the rubber industry economy maintained a low growth trend, with a steady slowdown; a slow increase in profits was achieved, and the quality of development was improving; production and operation difficulties increased, and the downward pressure on the economy was still great. Forge ahead in the direction of high quality. Taking the tire industry as an example, the overall economic operation has remained stable. The current-price industrial output value increased by 1.85% (yoy, the same below), sales revenue increased by 2.84, and output increased by 2.34%. Under the circumstances of Sino-US trade frictions and "dual counter" sanctions, tire companies actively explored emerging markets, and exports still maintained a reasonable growth rate, with export volume increasing by 7% and export delivery value increasing by 3.69%. However, inventory increased by 4.8%, a record high, reflecting that market pressure is still great. The actual profit situation is not as good as the report reflects, and the profit growth rate dropped by 26 percentage points from the first quarter.