From the highly concentrated planned economic system to the dynamic socialist market economic system, from the closed semi-closed domestic market to the domestic and foreign markets. We have enjoyed the grace of the planned economy and the hardships brought by the market economy. The market economy is the survival of the fittest, the survival and development of the strong, and the cruel reality of the weakening out of the ruin tells us: "Only by making the industry stronger, more refined, and bigger, can we ensure the sustainable development of the industry."

With the continuous development of the market economy, state-owned enterprises that have been carrying forward the burden have undergone restorative rectification, separation of government and enterprise, expansion of operational autonomy, implementation of business contracting, implementation of three internal institutional reforms, and establishment of a modern enterprise system. The reform and innovation of the system and mechanism have given rise to new vitality and vitality and gradually become the mainstay of the market economy.

State-owned enterprises have unloaded the shackles of historical burdens and entered a benign development track, while also releasing more room for development for private enterprises. In the 1990s, a large number of private enterprises in the Pearl River Delta and the Yangtze River Delta came into being, breaking the situation that the state-owned enterprises in the industry dominated the world, and initially formed a new industry pattern of coordinated development of state-owned, private, and joint ventures. It has greatly promoted the continuous development and growth of industry organizations. The Fan Branch has become one of the important branches of China General Machinery Industry Association. It is developing into an indispensable backbone of China's general equipment manufacturing industry.

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