[Xinhua] China Starts large-scale restructuring of Military: Planing to expand the army, navy, air and space defense Forces
今年全国两会下月初举行，人大和政协会议分别定于3月5日和3日在京开幕。
面对一年一度的两会开幕时间确定，业内人士普遍表示，接下来的市场基本面因素关注焦点将会转移至两会。纵观春节前召开的地方两会以及通过对机构预判的盘点，新能源、农业、信息产业、环保、国企改革、医疗、养老产业等主题受到了高度关注。
对于可能出现在两会期间中的热点，平安证券认为，借全面深化改革的东风，预计今年两会将讨论政府机构改革精简、军队优化调整、国家安全委员会启动运转等重大问题。同时，国防预算、通用航空、大飞机、航空发动机专项等军工热点问题也将再度热议。
国防预算增长10%左右
2013年中国国防预算7200亿元人民币，位居世界第二，但仍远逊于美国（5824亿美元）。预计未来5年仍将保持年均10%的增幅。中国国防预算占中央财政支出比例稳定在10%左右，除对地方转移支付外，居各项主要支出之首。最近3年国防预算年均增幅保持在10%左右的水平，超过GDP增幅。但中国国防预算占GDP的比重（1.4%）
远低于美国、日本、英国等国，甚至不到世界平均水平（3%）。过去20年军队一直在“忍耐”，国防预算的增长属于补偿性、追赶性和发展性增长。内部支出结构上，国防预算将削减人头费、办公费支出，增加装备费和训练费支出。装备费中，将增加赫军、陆航、航天和二炮部队的高新装备支出，削减陆军普通装备支出。
启动较大规模军队结构调整，扩编海军和防空防天部队
中国军队大规模整编行动的间隔从6年到12年不等，最近一次整编发生在10年前。改革开放以来共发生三次裁军，共裁员170万人。当前距离最近一次裁军已过去11年。加强一线作战力量和高技术兵种、减少军队层级、裁汰文职冗员、购置更新高新技术装备将是本轮裁军的重要看点。据报道，海军三大舰队有望各增编一只驱逐舰和护卫舰支队，各舰队有望增设两栖登陆舰支队和补给舰支队，增加核潜艇部队编制，续建核潜艇基地≌军或将扩编运输机、预警机和轰炸机部队，设置防空防天部队加强太空防御。陆军将扩大陆航部队规模，二炮将加大导弹巡航部队建设。
国家安全委员会获准运行
国家安全委员会有望在两会上正式设立。预计国安委与全国人大配合，进行相关立法，尤其是在突发情况下进行“紧急立法”。中国很可能对钓鱼岛等历史问题展示实力，同时强化对东海和南海的控制。因此，国安委作为“安全之盾”，在统筹国内外安全战略上发挥的作用可能超出预期。
宣布发动机“两个专项”
目前，航空发动机和燃气轮机“两机”科技重大专项已经顺利成为国家第20个重大技术专项，与空天飞机和高超音速飞行器专项一起成为国家航空航天领域的重要突破。“两机专项”包括国家重点军用两用发动机项目研制、对现有发动机进行改进以及探索和预研新一代发动机项目。预计涡扇-15发动机将于2014完成验证机；涡扇-10改发动机将于2015首飞；长江-1000A发动机将于2016年首飞；空天发动机将于2016年挂飞；推比15一级的第五代发动机将于2016年完成核心机。
出台通用航空若干管理细则
《低空空域管理使用规定》现已成稿，正在征求意见和修改完善，有望在两会前后颁布。全国低空空域的划设方案也在抓紧准备中≌域禁飞的瓶颈一旦打破，国内外通航服务商和供应商将迎来新的空中商机。
平安证券认为，上述五大两会涉军热点构成了军工板块一季度表现的重要支撑。在主战装备标的中，重点推荐中国重工（海军航母）、航空动力（航空发动机整机）、航天通信（太空通信指挥系统和单兵导弹）；在通用航空和二、三、四级军工市场化配套标的中，重点推荐海特高新（航空器运营、维修、培训及零部件制造）、炼石有色（航空发动机含铼高温合金单晶叶片）、四川九洲（空管雷达）、高德红外（四代导弹红外制导）。
Great Auto Translation:
The layout of the two sessions held soon five related to military hotspots
This year's two sessions held early next month, the NPC and CPPCC sessions were scheduled for March 5 and 3, the opening day in Beijing.
Opening the face of the annual two sessions to determine, the industry generally, the next focus of the market fundamentals will be transferred to the two sessions. Throughout the two sessions before the Spring Festival held in place by institutions predict and inventory, new energy, agriculture, information industry, environmental protection, state enterprise reform, health care, pension industry has been highly concerned about such topics.
For two sessions may occur during the hot, Ping An Securities believes that by comprehensively deepen reforms in the east, two sessions this year is expected to discuss reforms to streamline government agencies, military optimal adjustment of the National Security Council to start running and other major issues. Meanwhile, the defense budget , general aviation, large aircraft, aircraft engines and other military special hot issues will once again hot.
Defense budget increase of about 10%
2013 China's defense budget 720 billion yuan, ranking second in the world, but still far less than the United States ($ 582.4 billion). The next five years will maintain an average annual increase of 10%. China's defense budget stable proportion of central government spending at around 10%, in addition to the local transfer payments outside, ranking first in the major expenses. Defense budget for the past three years at an average annual growth rate to maintain the level of about 10%, more than the GDP growth. But China's defense budget share of GDP (1.4%)
Much lower than the United States, Japan, Britain and other countries, even less than the world average (3%). Over the past 20 years has been in the army, "patience", belonging to compensatory growth of the defense budget, catch-up growth and development. The internal structure of expenditures, the defense budget would cut personnel expenses, office expenses, increased equipment costs and training expenses. Equipment costs, the high-tech equipment will increase spending gah Army, Army aviation, aerospace and the Second Artillery Force, the Army general equipment to cut spending.
Start large-scale restructuring of the army, navy and air defense anti expanded Forces Day
China large-scale reorganization of the army action interval from 6 years to 12 years, the last reorganization occurred 10 years ago. Occurred since the reform and opening up of the three disarmament of layoffs 170 million. The current disarmament have passed from the last 11 years. Strengthen front-line combat forces and high-tech arms to reduce the army hierarchy, 裁汰 civilian redundancies, the purchase of high-tech equipment will be an important update Aspect round of disarmament. According to reports, three naval fleet is expected addenda a detachment of destroyers and frigates, each additional amphibious landing ship fleet is expected to supply ship detachment detachment and increased nuclear submarine force structure, continued construction of the nuclear submarine base ≌ or expanded military transport aircraft, AWACS and bombers Force, set up to strengthen the Air and Space Defense Space Defense Forces. Army Aviation Army will expand the scale of the Second Artillery Force will increase cruise missile construction.
Allowed to run the National Security Council
National Security Council is expected to formally set up in two sessions. National Security Committee is expected to meet with the NPC, related legislation, especially the "emergency legislation" in emergency situations. China is likely to show the strength of the Diaoyu Islands and other historical issues, while strengthening the control of the East China Sea and South China Sea. Therefore, the National Security Committee as a "safety shield" role in the overall security strategy to play abroad may exceed expectations.
Announced engine "two special"
Currently, aircraft engines and gas turbines, "two planes" major science and technology has successfully become the first country to 20 major technological projects, and the space plane and hypersonic aircraft together with an important breakthrough in the national special aerospace. "Two special machine" includes national key military dual engine project development, as well as improvements to existing engines and pre-research to explore next-generation engine project. -15 Turbofan engine is expected to be completed in 2014 demonstrator; -10 turbofan engine in 2015 changed its maiden flight; Yangtze-1000A engine first flew in 2016; aerospace engines will be linked to fly in 2016; push more than 15 a level of the fifth-generation engine will be completed by 2016 core machine.
The introduction of a number of general aviation management rules
"Use low-altitude airspace management" is now into the draft, is seeking to improve the views and modifications are expected before and after the promulgation of the two sessions. The country's low-altitude airspace designation program also pay close attention to the flight ban in preparation bottleneck ≌ domain once broken, domestic navigation service providers and suppliers will usher in a new air opportunities.
Ping An Securities believes that the above-mentioned five two sessions related to military hotspots constitute an important support for the military sector in the first quarter performance. In the subject of the main equipment, the key recommendation of the China Heavy Industries (Navy aircraft carrier), air force (aero-engine machine), Space and Communications (space communication and command systems and man-missile); in general aviation and two, three, four military market of supporting the underlying, the key recommendation Hite (aircraft operations, maintenance, training and spare parts manufacturing), non-ferrous smelting stone (including rhenium aeroengine superalloy single crystal blades), Sichuan Jiuzhou (ATC radar), High German infrared (fourth-generation infrared guided missiles).
今年全国两会下月初举行，人大和政协会议分别定于3月5日和3日在京开幕。
面对一年一度的两会开幕时间确定，业内人士普遍表示，接下来的市场基本面因素关注焦点将会转移至两会。纵观春节前召开的地方两会以及通过对机构预判的盘点，新能源、农业、信息产业、环保、国企改革、医疗、养老产业等主题受到了高度关注。
对于可能出现在两会期间中的热点，平安证券认为，借全面深化改革的东风，预计今年两会将讨论政府机构改革精简、军队优化调整、国家安全委员会启动运转等重大问题。同时，国防预算、通用航空、大飞机、航空发动机专项等军工热点问题也将再度热议。
国防预算增长10%左右
2013年中国国防预算7200亿元人民币，位居世界第二，但仍远逊于美国（5824亿美元）。预计未来5年仍将保持年均10%的增幅。中国国防预算占中央财政支出比例稳定在10%左右，除对地方转移支付外，居各项主要支出之首。最近3年国防预算年均增幅保持在10%左右的水平，超过GDP增幅。但中国国防预算占GDP的比重（1.4%）
远低于美国、日本、英国等国，甚至不到世界平均水平（3%）。过去20年军队一直在“忍耐”，国防预算的增长属于补偿性、追赶性和发展性增长。内部支出结构上，国防预算将削减人头费、办公费支出，增加装备费和训练费支出。装备费中，将增加赫军、陆航、航天和二炮部队的高新装备支出，削减陆军普通装备支出。
启动较大规模军队结构调整，扩编海军和防空防天部队
中国军队大规模整编行动的间隔从6年到12年不等，最近一次整编发生在10年前。改革开放以来共发生三次裁军，共裁员170万人。当前距离最近一次裁军已过去11年。加强一线作战力量和高技术兵种、减少军队层级、裁汰文职冗员、购置更新高新技术装备将是本轮裁军的重要看点。据报道，海军三大舰队有望各增编一只驱逐舰和护卫舰支队，各舰队有望增设两栖登陆舰支队和补给舰支队，增加核潜艇部队编制，续建核潜艇基地≌军或将扩编运输机、预警机和轰炸机部队，设置防空防天部队加强太空防御。陆军将扩大陆航部队规模，二炮将加大导弹巡航部队建设。
国家安全委员会获准运行
国家安全委员会有望在两会上正式设立。预计国安委与全国人大配合，进行相关立法，尤其是在突发情况下进行“紧急立法”。中国很可能对钓鱼岛等历史问题展示实力，同时强化对东海和南海的控制。因此，国安委作为“安全之盾”，在统筹国内外安全战略上发挥的作用可能超出预期。
宣布发动机“两个专项”
目前，航空发动机和燃气轮机“两机”科技重大专项已经顺利成为国家第20个重大技术专项，与空天飞机和高超音速飞行器专项一起成为国家航空航天领域的重要突破。“两机专项”包括国家重点军用两用发动机项目研制、对现有发动机进行改进以及探索和预研新一代发动机项目。预计涡扇-15发动机将于2014完成验证机；涡扇-10改发动机将于2015首飞；长江-1000A发动机将于2016年首飞；空天发动机将于2016年挂飞；推比15一级的第五代发动机将于2016年完成核心机。
出台通用航空若干管理细则
《低空空域管理使用规定》现已成稿，正在征求意见和修改完善，有望在两会前后颁布。全国低空空域的划设方案也在抓紧准备中≌域禁飞的瓶颈一旦打破，国内外通航服务商和供应商将迎来新的空中商机。
平安证券认为，上述五大两会涉军热点构成了军工板块一季度表现的重要支撑。在主战装备标的中，重点推荐中国重工（海军航母）、航空动力（航空发动机整机）、航天通信（太空通信指挥系统和单兵导弹）；在通用航空和二、三、四级军工市场化配套标的中，重点推荐海特高新（航空器运营、维修、培训及零部件制造）、炼石有色（航空发动机含铼高温合金单晶叶片）、四川九洲（空管雷达）、高德红外（四代导弹红外制导）。
Great Auto Translation:
The layout of the two sessions held soon five related to military hotspots
This year's two sessions held early next month, the NPC and CPPCC sessions were scheduled for March 5 and 3, the opening day in Beijing.
Opening the face of the annual two sessions to determine, the industry generally, the next focus of the market fundamentals will be transferred to the two sessions. Throughout the two sessions before the Spring Festival held in place by institutions predict and inventory, new energy, agriculture, information industry, environmental protection, state enterprise reform, health care, pension industry has been highly concerned about such topics.
For two sessions may occur during the hot, Ping An Securities believes that by comprehensively deepen reforms in the east, two sessions this year is expected to discuss reforms to streamline government agencies, military optimal adjustment of the National Security Council to start running and other major issues. Meanwhile, the defense budget , general aviation, large aircraft, aircraft engines and other military special hot issues will once again hot.
Defense budget increase of about 10%
2013 China's defense budget 720 billion yuan, ranking second in the world, but still far less than the United States ($ 582.4 billion). The next five years will maintain an average annual increase of 10%. China's defense budget stable proportion of central government spending at around 10%, in addition to the local transfer payments outside, ranking first in the major expenses. Defense budget for the past three years at an average annual growth rate to maintain the level of about 10%, more than the GDP growth. But China's defense budget share of GDP (1.4%)
Much lower than the United States, Japan, Britain and other countries, even less than the world average (3%). Over the past 20 years has been in the army, "patience", belonging to compensatory growth of the defense budget, catch-up growth and development. The internal structure of expenditures, the defense budget would cut personnel expenses, office expenses, increased equipment costs and training expenses. Equipment costs, the high-tech equipment will increase spending gah Army, Army aviation, aerospace and the Second Artillery Force, the Army general equipment to cut spending.
Start large-scale restructuring of the army, navy and air defense anti expanded Forces Day
China large-scale reorganization of the army action interval from 6 years to 12 years, the last reorganization occurred 10 years ago. Occurred since the reform and opening up of the three disarmament of layoffs 170 million. The current disarmament have passed from the last 11 years. Strengthen front-line combat forces and high-tech arms to reduce the army hierarchy, 裁汰 civilian redundancies, the purchase of high-tech equipment will be an important update Aspect round of disarmament. According to reports, three naval fleet is expected addenda a detachment of destroyers and frigates, each additional amphibious landing ship fleet is expected to supply ship detachment detachment and increased nuclear submarine force structure, continued construction of the nuclear submarine base ≌ or expanded military transport aircraft, AWACS and bombers Force, set up to strengthen the Air and Space Defense Space Defense Forces. Army Aviation Army will expand the scale of the Second Artillery Force will increase cruise missile construction.
Allowed to run the National Security Council
National Security Council is expected to formally set up in two sessions. National Security Committee is expected to meet with the NPC, related legislation, especially the "emergency legislation" in emergency situations. China is likely to show the strength of the Diaoyu Islands and other historical issues, while strengthening the control of the East China Sea and South China Sea. Therefore, the National Security Committee as a "safety shield" role in the overall security strategy to play abroad may exceed expectations.
Announced engine "two special"
Currently, aircraft engines and gas turbines, "two planes" major science and technology has successfully become the first country to 20 major technological projects, and the space plane and hypersonic aircraft together with an important breakthrough in the national special aerospace. "Two special machine" includes national key military dual engine project development, as well as improvements to existing engines and pre-research to explore next-generation engine project. -15 Turbofan engine is expected to be completed in 2014 demonstrator; -10 turbofan engine in 2015 changed its maiden flight; Yangtze-1000A engine first flew in 2016; aerospace engines will be linked to fly in 2016; push more than 15 a level of the fifth-generation engine will be completed by 2016 core machine.
The introduction of a number of general aviation management rules
"Use low-altitude airspace management" is now into the draft, is seeking to improve the views and modifications are expected before and after the promulgation of the two sessions. The country's low-altitude airspace designation program also pay close attention to the flight ban in preparation bottleneck ≌ domain once broken, domestic navigation service providers and suppliers will usher in a new air opportunities.
Ping An Securities believes that the above-mentioned five two sessions related to military hotspots constitute an important support for the military sector in the first quarter performance. In the subject of the main equipment, the key recommendation of the China Heavy Industries (Navy aircraft carrier), air force (aero-engine machine), Space and Communications (space communication and command systems and man-missile); in general aviation and two, three, four military market of supporting the underlying, the key recommendation Hite (aircraft operations, maintenance, training and spare parts manufacturing), non-ferrous smelting stone (including rhenium aeroengine superalloy single crystal blades), Sichuan Jiuzhou (ATC radar), High German infrared (fourth-generation infrared guided missiles).
