The national policies related to China's rotary drilling rig accessories mainly involve aspects such as parts localization, tax incentives, product standards, environmental protection, and work safety.

Localization policy for components: The 14th Five-Year Plan for the Development of the Construction Machinery Industry clearly states that the localization rate of key components should be increased to 85%. This has formed a driving mechanism for breakthroughs in core technologies such as material heat treatment and surface engineering in the rotary drilling rig accessory industry, urging enterprises to increase investment in technological research and development and improve the localization level of accessories.

Tax incentive policy: According to the Notice on Adjusting the Catalogs Related to Import Tax Policies for Major Technical Equipment (Cai Guanshui [2017] No. 39), for rotary drilling rigs with a drilling diameter of ≥ 2 meters and an annual sales volume of ≥ 10 units, domestic enterprises that meet the specified conditions and need to import key components and raw materials for the production of such equipment are exempt from customs duties and import value-added tax.

Product standard policy: The State Administration for Market Regulation and the Standardization Administration of China issued GB/T 43878-2024 Rotary Drilling Rig Picks, which was released on April 25, 2024 and implemented on November 1, 2024. It specifies the relevant technical requirements for rotary drilling rig picks, helping to standardize the product quality of rotary drilling rig picks and promote the healthy development of the industry.

Environmental protection policy: The stricter environmental protection regulations have an important impact on the rotary drilling rig accessory industry. The Technical Specifications for Emission Control of Non-Road Mobile Machinery issued by the Ministry of Ecology and Environment has prompted enterprises to accelerate the research and development of low-emission equipment, driving the demand growth for rotary drilling rigs and their accessories that meet emission standards. At the same time, the policy also promotes the full implementation of the standard for remanufacturing of bucket teeth by 2027, shortens the mandatory retirement period to 8,000 working hours, and encourages enterprises to carry out remanufacturing business to improve resource utilization.

Work safety policy: The new work safety regulations require that all in-use rotary drilling rig equipment be equipped with intelligent monitoring systems by 2026. This will increase the demand for related accessories, and at the same time, urge enterprises to pay more attention to the safety and reliability of accessories, promoting technological upgrading of the industry.