Forging Industry Development Prospects

Forging Industry Development Prospects
(1) Active support from industrial policy
Based on the basic status of the forging industry in the national economy, since the reform and opening up, the government and industry authorities have given strong policy support. The state promulgated the "Outline of the Thirteenth Five-Year Plan for National Economic and Social Development", which proposed to focus on improving the innovation and basic capabilities of the manufacturing industry, promote the deep integration of information technology and manufacturing technology, and promote the manufacturing industry to move towards high-end, intelligent, Green and service-oriented development, and cultivate new competitive advantages in the manufacturing industry. The "Thirteenth Five-Year" Development Outline of China's Forging Industry proposes that the automation, informatization and digitization of the forging industry will be the key development direction of the industry in the next five years.
(2) The demand for national defense construction continues to drive the development of the industry
With the rise of my country's status as a major country, the current international pattern is changing, the surrounding political and economic environment of my country is also becoming more complex, and various unstable factors are frequent. In recent years, my country has continuously increased its defense investment. In 2019, my country's defense expenditure was 1,189.656 billion yuan. It is predicted that the defense budget expenditure in 2020 will be 1,268.005 billion yuan, an increase of 6.6%. With the changes in the international pattern in recent years, in order to improve our country's ability to respond to changes in the international situation, our country needs to continue to strengthen its defense investment to ensure my country's modernization and national security. The increase in national defense investment will increase the demand for military equipment, thereby driving the development of the military forging industry.
(3) Technology development and qualification certification to promote industrial upgrading

In recent years, under the guidance of a series of national encouraging policies, the forging industry has adhered to the research and development model of combining foreign introduction and independent innovation, and formed a group of high-end forging products with independent intellectual property rights. The overall technical level of the forging industry has been steadily improved, effectively It has promoted the development of my country's forging industry to the high-end direction.