Various problems in the equipment manufacturing industry have caused «bottlenecks», and some experts have pointed out that the current global economic environment can also hinder efforts, resulting in complex, uncoordinated, and unsustainable processes.
New situations, problems, and contradictions can lead to a sluggish world economy – resulting in huge economic setbacks worldwide and a lot of uncertainty. Furthermore, the slowing economic growth in developed countries across Europe and America has resulted in limited growth of China’s export industry.
From a domestic stance, we can see resources and pricing structures affecting supply, as well as increasing labor costs and lack of investment. As a result, many private or small enterprises have failed, putting additional pressure on businesses to supply the increasing demand for their services. All these factors have seriously hindered the development of equipment-manufacturing enterprises in China.