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In the first half of the year, China's machinery industry operated smoothly and further strengthened

Sources: | Release date: 2018-08-22 | Views:
Keywords: In the first half of the year, China's machinery industry operated smoothly and further strengthened

According to the data released by the China Machinery Industry Federation, the steady progress of China's machinery industry in the first half of the year has been further consolidated, and the growth rate of major economic indicators has exceeded the national industrial average.

This year, the growth rate of the added value of the machinery industry increased month by month, with a growth rate of 8.4% in the first half of the year. They were 1.7 and 1.5 percentage points higher than the national industrial and manufacturing industries in the same period. After more than two years of downturn, the fixed investment in machinery industry has seen a recovery growth this year.

Chen Bin, Executive Vice President of China Machinery Industry Federation: In the first half of the year, the growth rate of investment in three major industries, namely, special equipment manufacturing, automobile manufacturing, electrical machinery and equipment manufacturing, was 10.3%, 8.5% and 8.5%, respectively. The growth rate of investment in the whole society and manufacturing industry.

It is worth noting that problems such as weak market and insufficient demand continue to plague the development of the machinery industry. In the first half of the year, traditional orders such as electricity, metallurgy and coal increased by 9.64% year-on-year, dropping to single-digit growth. Chen Bin believes that the industry should continue to promote industrial restructuring and product transformation and upgrading in the future. Overall judgment, the economic operation of the machinery industry will be relatively stable this year.

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