Affected by the financial crisis, China's instrumentation industry, like other manufacturing industries, has entered the lowest tide since the reform and opening up in September last year. “Before 2007, the industry has maintained an annual growth rate of 20% to 30%. However, since September last year, corporate orders have decreased sharply, and production and sales have dropped significantly. The growth rate of the industry at the beginning of this year was only about 2%. The lowest growth rate since the reform and opening up." The special consultant of the China Instrument and Meter Industry Association, Jia Jiacheng, while reading the statistics in his hand, introduced. The "cold wave" of the financial crisis has gradually receded since March of this year, and the instrumentation industry has also come from the cold winter and gradually entered the recovery period. "From the latest statistics released by the National Bureau of Statistics, as of June, the growth rate of the instrumentation industry has reached 6%. In the equipment manufacturing industry, this data is clearly in a relatively backward position." It is expected that the industry growth rate is expected to reach 10%, but as far as the current situation is concerned, it is more difficult to achieve this goal.

Statistics also show that the instrumentation industry's profit growth rate is significantly faster than the growth rate of production and sales. At the beginning of this year, the industry's profit showed a negative growth of 13.7%. This is also the reform and opening up that has never been seen in the past 30 years. It can be seen that the financial crisis has hit the industry tremendously. By June of this year, the profit growth rate has rebounded to 6%.

The profit growth rate is faster than the growth of production and sales. Yan Jiacheng believes that this is not common in the equipment manufacturing industry. He believes that there are two main reasons.

The first is the stricter cost-saving measures that are generally adopted by enterprises. The instrumentation industry is very open, 40% of profits are created by foreign-funded enterprises, and many foreign-funded enterprises have adopted energy-saving measures commonly used in Western countries. In addition, some companies have taken measures to reduce their wages, including pay cuts. At the same time, from the beginning of the process to strengthen management, a large reduction in costs and reduce inventory. Secondly, compared with the same period of last year, the cost of raw materials and components decreased, and labor costs also dropped significantly. It is precisely because of the above two reasons that the instrumentation industry has experienced a faster growth in profits than production and sales.

The three major reasons lead to slow recovery of the industry. Yan Jiacheng said that the growth rate of 6% indicates that the recovery of the instrumentation industry is still very slow, mainly by the industry. Its own characteristics are determined.

One ​​of the reasons: the industry's development needs are growing slowly. The development of an industry depends on the three major demands of the industry. “Any industry needs to develop, and it is inseparable from rigid demand, development demand and export demand.” Jia Jiacheng explained that rigid demand is necessary to maintain basic production and life; development demand refers to the need to expand reproduction. Export demand is the case of product exports. For the instrumentation industry, rigid demand accounts for a small proportion of the total demand, because most instruments have a long service life and do not need to be replaced frequently; development demand accounts for a large proportion of the overall industry demand, mainly It is reflected in the demand for instrumentation in the energy, chemical and other industries and the investment in technology and quality of the country and enterprises. If technology and quality investment increase, so will the demand for instrumentation; on the contrary, if the emphasis on technology and quality is reduced, the demand for instrumentation will be reduced. In the context of the financial crisis, the state's investment in energy, chemical and other industries has dropped significantly. At the same time, due to the economic downturn, the investment in technology and quality of enterprises has also declined to varying degrees. The reduction of investment in these two aspects directly led to a sharp decrease in the development demand of the instrumentation industry; in terms of exports, the export rate of 30% of products determines that the industry is greatly affected by fluctuations in the international market and also determines the recovery of the industry. The speed will not be very fast.

The second reason: the measures taken by the state to stimulate the economy have less benefit to the instrumentation industry. The country's 4 trillion yuan investment brings development opportunities to many industries and enterprises. However, compared with household appliances, automobiles and other industries, the instrumentation industry enjoys indirect and much delayed funding.

The third reason: the industry itself is less adaptable to economic regulation. The product structure that has been formed for a long time determines that the instrumentation industry must be integrated with economic restructuring in this recovery. For example, Qi Jiacheng said: "Now the domestic wind power industry is developing rapidly, but the control systems of wind turbines are all imported from abroad. In addition to new energy industries such as wind power and nuclear power, there are many instruments in the traditional field that are mostly imported from abroad. Nowadays, many companies are tackling the problem and strive to make energy conservation, emission reduction and new energy as new growth points in this round of adjustment."