He Ye, vice president of the China Light Industry Federation, said at the 2017 China Plastics Industry Conference on May 24 that the construction of the national "Belt and Road" has opened up new development space for the plastic industry, and suggested that the plastic industry take smart manufacturing as its grasp, focusing on the direction of functional, lightweight, ecological and micro-forming technologies, we will accelerate structural adjustment, and focus on cultivating new economic growth points from four aspects: New Materials, new technologies, new equipment and new products. He Ye said that plastic is an important export industry in China.
In 2016, the export volume of plastic products was US $57.7 billion, of which us $17.46 billion was exported to "Belt and Road" , exports of plastics to "Belt and Road" countries accounted for 12.1 per cent of total exports of light industrial goods to the region. In addition, China's exports of plastic processing equipment totaled US $1.34 billion in 2016, up 13.4 percent year-on-year. The data also showed that in 2016, the plastic industry, with 15,000 enterprises above the size of the plastic products processing industry and an 8% increase in industrial added value, made a smooth start with consumption upgrading as the guide, achieving a "fifteen" , for the whole year, the main business revenue was 2.3 trillion yuan, up 6.2 percent year-on-year, and realized profit of 139.86 billion yuan, up 7.32 percent year-on-year.
The output of plastic products was 77.172 million tons, up 2.7 percent year-on-year. In the first quarter of 2017, the plastic products processing industry continued to perform well, with an 8.2% increase in industrial added value and 525.46 billion yuan in revenue from its main business, up 10.4% from the same period last year, resulting in a profit of 30.58 billion yuan, up 10.8% from the same period last year, the output of plastic products was 17.629 million tons, up 5.8 percent year-on-year. He said that China has become the world's plastic industry power, with a global consumer market.
However, while the industry has made great achievements in its development, it also faces great challenges, such as the problems of difficult and expensive financing, rigid increase in labor costs, insufficient innovation capacity and insufficient supply of high-end products, etc. , it is suggested that the supply-side structural reform should be further deepened to promote the further development of the industry through innovative development, green development, quality improvement and efficiency enhancement.
It is reported that in order to help industrial enterprises to carry out international production capacity cooperation, the China Light Industry Federation has established the China Light Industry International Production Capacity Cooperation Enterprise Alliance.