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In the first half of the year, the endogenous power of China's machinery industry development increased

Release time:

2023-01-30 15:30

In the first half of the year, the endogenous power of China's machinery industry development increased

Core tips: China's machinery industry has further consolidated its stable and positive trend in the first half of the year, and it is expected that the overall operation of the machinery industry will be stable throughout the year.

This year, the growth rate of the added value of the machinery industry increased month by month, and the growth rate in the first half of the year was 8.4%. It was 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 investment in fixed assets in the machinery industry has recovered since this year.

Chen Bin, Executive Vice President of China Machinery Industry Federation, said that in the first half of the year, the growth rate of investment in the three major industries of special equipment manufacturing, automobile manufacturing, electrical machinery and equipment manufacturing was 10.3%, 8.5% and 8.5% respectively, higher than the growth rate of investment in the whole society and manufacturing industry in the same period.

Chen Bin said that the stable and positive trend of China's machinery industry in the first half of the year was further consolidated. The production of passenger cars and other products closely related to consumption, water pollution prevention equipment and other equipment related to environmental protection and pollution control increased rapidly, and the growth of products related to intelligent manufacturing was good, and the industrial transformation was further advanced. It is expected that the overall operation of the machinery industry will be stable throughout the year.

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

Chen Bin pointed out that the growth rate of industrial added value, main business income and realized profit was about 7%, and the import and export trade grew moderately. The scale of China's machinery industry has reached a very high level of more than 2.4 trillion yuan of annual main business income. With the continuous expansion of the base, it is normal for the growth rate to moderate decline.

In the first half of the year, China's machinery industry promoted the transformation and upgrading and the transformation of new and old kinetic energy, and the endogenous impetus for development gradually strengthened. The output of products in line with consumption upgrading and industrial upgrading has increased significantly, the growth rate of fixed asset investment has rebounded, and the localization of major equipment core components has made new progress. However, the lack of demand is still the main problem that plagues the development of the industry. It is necessary to accelerate the pace of transformation and increase the added value of the industry.

According to the data of key contact enterprises of China Machinery Industry Federation, after the recovery in 2017, the orders of enterprises have again shown a downward trend since 2018. In the first half of the year, China's machinery industry achieved a year-on-year increase of 6.73% in total profits, which was lower than the national industrial average in the same period.

Chen Bin said that the rising price of raw materials and the high cost pressure were the main factors that squeezed the profits of the machinery industry in the first half of the year, and the task of improving the development quality of the industry was still arduous. In the second half of the year, we will accelerate the pace of industrial restructuring and transformation, enhance the stability of industrial development, and improve the level of economic efficiency.

(Source: Xinhua News Agency, CCTV, Golden Spider Fastener Web)