ZHONGSHAN, China, Mar. 10, 2015 /PRNewswire/ -- China Ming Yang
Wind Power Group Limited's ("Ming
Yang" or "the Company") (NYSE: MY) Chairman and Chief
Executive Officer, Mr. Chuanwei
Zhang, recently delivered a speech headlined "Our Country
Should Develop Advanced Equipment Manufacturing Industry under the
Context of New Normal" at China's
National People's Congress ("NPC") in Beijing as a member of the NPC.
In his speech to all NPC members as well as China's high-ranking government officials
attending the meeting, Mr. Zhang emphasized that since equipment
manufacturing is a capital-, technology- and labor-intensive sector
and in turn, plays an important role in investment, technology
innovation and employment, it is without a doubt a pillar industry
of China. Therefore, its future
development should receive additional attention from the
government. The domestic equipment
manufacturing industry, currently faces various difficulties amidst
an increasingly competitive global environment.
As China is now entering the
"New Normal" phase, which focuses on higher quality growth over
quantity, Mr. Zhang suggested that more favorable policies for
companies should be introduced in the advanced equipment
manufacturing sector, such as preferential tax treatment and
priority in land acquisitions. Mr. Zhang proposed that the
government set up industry funds to invest in certain key
manufacturing companies and encourage research and development
innovations. Mr. Zhang further expected commercial banks and other
financial institutions to lower interest rates in favor of
equipment manufacturing clients. In addition, in Mr. Zhang's view,
local governments should include the equipment manufacturing
industry in its industrial master plan with reference to the
Guangdong model, where the
provincial government established well-organized and
strategically-located industrial zones along the west bank of the
pearl river for top-tier manufacturers, where Ming Yang's major China operations currently locate. Lastly, Mr.
Zhang believed the equipment industry would see more mergers and
industry consolidations in the near future, which would create
synergies and allow manufacturers to provide more value-added total
solution services.
About China Ming Yang Wind Power Group Limited
China Ming Yang Wind Power Group Limited (NYSE: MY) is a leading
wind turbine manufacturer in China, focusing on designing, manufacturing,
selling and servicing megawatt-class wind turbines. Ming Yang produces advanced, highly adaptable
wind turbines with high energy output and provides customers with
comprehensive post-sales services. Ming
Yang cooperates with aerodyne Energiesysteme, one of the
world's leading wind turbine design firms based in Germany, to co-develop wind turbines. In terms
of newly installed capacity, Ming
Yang was a top 10 wind turbine manufacturer worldwide and
the largest non-state owned wind turbine manufacturer in
China in 2013.
For further information, please visit the Company's website:
ir.mywind.com.cn
Safe Harbor Statement
This press release contains forward-looking statements. These
statements constitute "forward-looking" statements within the
meaning of Section 21E of the Securities Exchange Act of 1934, as
amended, and as defined in the U.S. Private Securities Litigation
Reform Act of 1995. These forward-looking statements can be
identified by terminology such as "will," "to be," "expects,"
"anticipates," "future," "intends," "plans," "believes,"
"estimates," "target," "goal," "strategy" and similar statements.
Such statements are based upon management's current expectations
and current market and operating conditions, and relate to events
that involve known or unknown risks, uncertainties and other
factors, all of which are difficult to predict and many of which
are beyond Ming Yang's control,
which may cause Ming Yang's actual
results, performance or achievements to differ materially from
those in the forward-looking statements. Actual results or events
may differ from those anticipated or predicted in this press
release, and the differences may be material. Further information
regarding these and other risks, uncertainties or factors is
included in Ming Yang's filings with
the U.S. Securities and Exchange Commission. Ming Yang does not undertake any obligation to
update any forward-looking statement as a result of new
information, future events or otherwise, except as required under
applicable law.
For investor and media inquiries, please contact:
Investor and Media Contacts:
China Ming Yang Wind Power Group Limited
Johnson Zhang
+86-760-2813-8898
ir@mywind.com.cn
http://ir.mywind.com.cn
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SOURCE China Ming Yang Wind Power Group Limited