What opportunities does China's entry into the WTO bring to the instrument industry? Tianlong Instrument is here to analyze!

Instrument initially refers to precision equipment used to measure the pressure, flow rate, and temperature of water, gas, electricity, and oil, including thousands of products. In the last 20 years of the last century, with the development of microelectronics and communication technology, high-tech testing and measurement instruments have become an indispensable part of the instrumentation industry. Compared with the telecommunications and semiconductor industries, China's accession to the World Trade Organization will have a more moderate impact on the instrument industry. As a professional brand that produces precision machines, Tianlong Instruments is highly qualified to help everyone enter the new world of precision instruments.

Data shows that the domestic instrument industry has not only completed the layout, construction, production, and development in the early 1980s, but also basically met the needs of various aspects of the country in terms of products. However, with the reform and opening up, foreign instrument products have begun to enter the Chinese market, which has opened up a new stage for Chinese enterprises to compete and cooperate with foreign enterprises in advance.

However, the achievements of Sino foreign cooperation in the past decade have not been satisfactory. Recently, experts in the Chinese instrument and meter industry have pointed out that currently, most of China's instrument and meter products are at the middle and low-end level, and the production situation is not satisfactory: advanced and large-scale instruments and equipment almost all rely on imports, mid-range products, and many key components, with foreign companies occupying the domestic market. More than 60% of the shares. Domestic analytical instruments account for less than 0.3% of the national market share. There is a significant gap between domestic instruments and imported products. What is the reason? According to relevant analysis, in addition to the overall quality of domestic enterprise products falling behind imported products, the lack of policy protection is also a factor that leads to the beautiful scenery of imported products in the domestic market. A deeper internal reason is that since the early 1990s, the main competitors in high-tech automation instruments and systems, scientific testing instruments, sensor components, and other fields have been imported and joint venture products. In the process of introduction, joint venture, and localization, domestic enterprises lack research on key product technologies, are unable to independently upgrade and replace, and the phenomenon of repeated introduction is serious. After China's accession to the World Trade Organization, document tariffs will be further reduced, and foreign enterprises will accelerate their entry into the Chinese market. In order to win competition with foreign-funded enterprises, Chinese enterprises must do a good job in "technical barriers" and adjust the pace of technological progress.

China's accession to the World Trade Organization will bring further impact and opportunities to the instrument industry. The impact is that more foreign companies will enter China after joining the WTO, and they will operate more as sole proprietorships and agents. These foreign companies will fully demonstrate their excellent business practices and management concepts. How to learn excellent technology and management experience from it is a question worthy of serious research in the domestic instrument industry. In addition, with the general reduction of tariffs after joining the WTO, the various electronic components and basic materials required by the instrument industry can face greater choices in variety and price, thereby reducing the product costs of domestic enterprises and upgrading existing products. Participating in fair competition in the entire market has a positive impact and is also of great help in attracting foreign investment and technological cooperation. For low-end products that have formed a scale and advantage in exports, joining the WTO is a good opportunity to expand the market.

Looking back at the more than 20 year history of China's instrumentation industry, learning how to seize opportunities and meet challenges after joining the WTO is an inspiration and experience. Tianlong Instrument has achieved this very well. We believe that as long as Tianlong Instrument fully utilizes all its advantages, the Chinese instrument and meter industry will become the last winner of this competition.