Wang Zhanjie, Vice President and Secretary General of China Plastics Processing Industry Association gave a detailed review, emphasising the increasing pace of technological innovation in China's plastics industry and its tremendous progress in functionalisation, lightweighting, greening, micro-moulding. In his subsequent outlook for the industry, he highlighted that the technological innovations will also accelerate the transformation and developments of the plastics processing industry and it can take advantage of a huge domestic market to expand its applications. The industry also aims to further strengthen environmental and green development.
Su Dongping, Executive Deputy President of China Plastics Machinery Industry Association, presented facts and figures of the 13th five-year period (ended 2020) in her speech "Development Status and Prospects of China Plastics Machinery Industry". The business income of China plastics machinery industry reached RMB 81 billion, with an average annual growth rate of 5.7%. The average annual export growth of China's leading plastics machinery manufacturers was 6.34%. For the five-year period now starting, Su Dongping predicted that the annual production value will exceed 100 billion RMB; the average annual growth rate of business income and total profit is expected to be more than 6%; R&D investment is expected to increase more than 6% of business income; professional technical staff will account for more than 25% of the industry's workforce.
Looking at the largest and most intensive area of China's plastics industry - the Greater Bay Area - Fu An, President of the Guangdong Plastics Industry Association, analysed that the country strongly supports the development of the Greater Bay Area and to this end the "Outline Development Plan for the Guangdong-Hong Kong-Macao Greater Bay" was issued and implemented in February 2019. The "Guangdong Provincial Key Construction Project Plan in 2020" issued by the Guangdong Provincial Development and Reform Commission states that there are more than 400 projects in the 9 cities of the Greater Bay Area, with a total investment of more than RMB 2.8 trillion. These projects are in the fields of automotive, smart manufacturing, new materials, home appliances and raw materials. This represents a huge market for the application of the plastics industry and shows tremendous prospects for sustainable development.