China National Machinery Industry Federation Executive Vice President Zhu Sen said on July 12th in the first half of the mechanical industrial economic operation ventilation meeting: “In the first half of the year, China’s machinery industry is developing in a good and fast direction.†The basis is that the top 5 Month, the growth rate of China's machinery industry has been further accelerated on the basis of high levels, and the economic benefits have increased. New products and high-tech products have accelerated development, and scientific and technological advantages are gradually being transformed into development forces; the product structure is being further optimized; the proportion of foreign trade has changed. The overall strength has obviously increased.
According to statistics, in the first five months of this year, 13 industries in the machinery industry all grew at a double-digit rate. Among them, the growth rate of the automotive industry and electrical industry exceeded 30%; the machinery industries in 31 provinces, districts, and cities all achieved double-digit growth. The top three Jiangsu, Shandong, and Guangdong provinces contribute more than 40% to the newly added output value of the machinery industry; in the central region, Anhui, Hunan, Henan, and Jiangxi all surpass the growth rate of the machinery industry; the northeast old industrial base Equipment manufacturing industry increased significantly over the same period of last year. The growth of Chongqing, Sichuan, and Shaanxi in the western region was significant, with the highest growth rates in the three provinces exceeding 50%. According to reports, in the statistics of mechanical industrial enterprises above designated size, profits are the highest increase in history over the same period. Profit growth is much higher than the increase in output value.
Relevant experts believe that the increase in new products in the machinery industry is changing the product structure and industrial structure of the machinery industry. Zhu Sen introduced that in the first five months, the output value of new products exceeded 500 billion yuan, a strong increase of one third compared to the same period last year. New products contributed more than 20% to the total new industrial output value over the same period, making important contributions to the rapid development of the machinery industry. In particular, the research and development of various high-end products have contributed to industrial upgrading. In terms of export of mechanical products, CNC machine tools, which are high-end products for machinery, are slowing down compared with the situation in 2006, and the export speed has increased. In the first five months, CNC machine tools exported 160 million U.S. dollars and imported 2.012 billion U.S. dollars.
In addition, general trade exports are higher than processing trade exports. In the first five months, the exports of general trade and processing trade of the machinery industry accounted for 49% and 46% of the total export volume of the machinery industry, respectively, which changed the status of the export processing trade of the machinery industry over the general trade. Zhu Chendi predicted that the policy of revitalizing the equipment manufacturing industry in the second half of the year will gradually have a positive impact, providing a considerable market space for mechanical products. However, due to the pressure of production costs and the shortage of some raw materials, the profit margin of some products will be squeezed out.
According to statistics, in the first five months of this year, 13 industries in the machinery industry all grew at a double-digit rate. Among them, the growth rate of the automotive industry and electrical industry exceeded 30%; the machinery industries in 31 provinces, districts, and cities all achieved double-digit growth. The top three Jiangsu, Shandong, and Guangdong provinces contribute more than 40% to the newly added output value of the machinery industry; in the central region, Anhui, Hunan, Henan, and Jiangxi all surpass the growth rate of the machinery industry; the northeast old industrial base Equipment manufacturing industry increased significantly over the same period of last year. The growth of Chongqing, Sichuan, and Shaanxi in the western region was significant, with the highest growth rates in the three provinces exceeding 50%. According to reports, in the statistics of mechanical industrial enterprises above designated size, profits are the highest increase in history over the same period. Profit growth is much higher than the increase in output value.
Relevant experts believe that the increase in new products in the machinery industry is changing the product structure and industrial structure of the machinery industry. Zhu Sen introduced that in the first five months, the output value of new products exceeded 500 billion yuan, a strong increase of one third compared to the same period last year. New products contributed more than 20% to the total new industrial output value over the same period, making important contributions to the rapid development of the machinery industry. In particular, the research and development of various high-end products have contributed to industrial upgrading. In terms of export of mechanical products, CNC machine tools, which are high-end products for machinery, are slowing down compared with the situation in 2006, and the export speed has increased. In the first five months, CNC machine tools exported 160 million U.S. dollars and imported 2.012 billion U.S. dollars.
In addition, general trade exports are higher than processing trade exports. In the first five months, the exports of general trade and processing trade of the machinery industry accounted for 49% and 46% of the total export volume of the machinery industry, respectively, which changed the status of the export processing trade of the machinery industry over the general trade. Zhu Chendi predicted that the policy of revitalizing the equipment manufacturing industry in the second half of the year will gradually have a positive impact, providing a considerable market space for mechanical products. However, due to the pressure of production costs and the shortage of some raw materials, the profit margin of some products will be squeezed out.