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The Financial Equation Behind the Growth of Manufacturing “Little Giants”: Structural Monetary Policy Tools Act as a Precise Catalyst to Support Specialized, Sophisticated, and Novel Enterprises

In recent years, the People’s Bank of China has fully leveraged the dual functions of its monetary policy—both in terms of overall quantity and structural adjustment—by introducing a range of targeted structural monetary policy tools to support key areas and address weak links in the national economy, such as inclusive finance, green development, and technological innovation. A series of such tools—including rural‑and‑small‑business reloans and rediscounts, technology‑innovation reloans, and special reloans for equipment upgrading and transformation—have effectively delivered “precision‑targeted” support, boosting credit allocation and financial assistance to specific sectors and industries, thereby helping to reduce financing costs for the real economy and playing a pivotal role in stabilizing the overall economy and fostering recovery and growth. Starting today, this newspaper launches a special column titled “Precise and Effective Use of Structural Monetary Policy Tools,” featuring in-depth interviews, on‑the‑ground investigations, and focused reporting on how these tools are being applied to support agriculture, small and micro enterprises, technology‑innovation firms, clean and efficient coal utilization, transportation and logistics, and inclusive elderly‑care projects. Stay tuned.

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Raw material price hikes: Several precision manufacturing companies have announced price increases for their products.

Affected by rising raw material prices, several precision manufacturing companies—including Hua Rui Precision, Tengda Technology, and Eddie Precision—have announced price increases for their products. According to Hua Rui Precision, the company issued an announcement on March 11, 2026, stating that, due to significant hikes in the prices of key raw materials, it will raise the selling prices of its entire product line effective immediately. The announcement noted that global tungsten raw material prices have been steadily climbing. As of March 11, 2026, the price of tungsten carbide powder reached RMB 2,300 per kilogram, up 379.38% from the 2025 average; meanwhile, the price of tungsten powder has surpassed RMB 2,360 per kilogram, a 379.65% increase compared with the 2025 average. Hua Rui Precision stated that, in order to ensure consistent product quality and maintain a sustainable supply chain, and after careful consideration of industry market conditions and its own operational realities, it has decided to implement these price adjustments. Customers are advised to contact their respective sales managers for specific details regarding the price changes and implementation guidelines. In its announcement, Hua Rui Precision acknowledged that these price adjustments may inconvenience customers’ purchasing plans; however, under the ongoing trend of rising raw material costs, such adjustments were deemed unavoidable. The company pledged to continue investing in R&D, enhancing production efficiency, and making every effort to control costs, thereby consistently delivering high‑quality CNC cutting tools and superior customer service. Earlier, when responding to inquiries from analysts, Hua Rui Precision indicated that its primary raw materials include tungsten carbide powder, cemented carbide blanks, cobalt powder, and tantalum‑niobium solid solutions. The company’s procurement department manages all major raw material purchases centrally, maintaining appropriate inventory levels based on production schedules and market conditions.

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“Without even a single five-axis machining center, one can hardly afford to exhibit,” said the 14th China CNC Machine Tool Exhibition (CCMT2026), which will be held in Shanghai next month.

2026 marks the inaugural year of the 15th Five-Year Plan, which outlines 109 major projects across six key areas, including an initiative to rebuild the foundational infrastructure of the industrial machine tool sector. From April 21 to 25, the 14th China CNC Machine Tool Exhibition (CCMT2026) will be held at the Shanghai Pudong New International Expo Center. This year’s theme is “Digitalization, Connectivity, and Intelligent Manufacturing,” highlighting cutting-edge technological advancements and deeper industry transformation in the machine tool sector. The event aims to enable participants to experience firsthand the immense productivity of intelligent manufacturing while gaining a clear understanding of future trends and directions in this field. This year’s largest machine tool exhibition in Asia features five major highlights. “Some people joke that if you can’t showcase even a single five-axis machine tool, you might as well not bother exhibiting,” said Wang Liming, Executive Vice Chairman of the China Machine Tool Industry Association, during a briefing in Shanghai on March 24. According to current exhibitor registration data, this year’s show will feature 441 five-axis machine tools, accounting for 36.8% of all machine tool exhibits. Among these, 235 are five-axis machining centers, representing 54% of all machining center exhibits. Compared with CCMT2024, both the number and share of five-axis machining centers have increased by 35.8% and 10.2%, respectively. Moreover, their share has grown by 8.9% compared to the previous China International Machine Tool Show (CIMT2025), underscoring an overall improvement in the comprehensive performance of the machine tools on display.

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Jinno Industrial (Guangzhou) Co., Ltd.

Mobile phone:+86 13631371186
Email:dennywang@donlee-tools

Address: Room 501-10, Building 1, No. 232 Kezhu Road, Huangpu District, Guangzhou City


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