China's machinery industry develops steadily

Despite many unfavorable factors, the economic operation of China's machinery industry has been able to maintain steady development this year, judging from the opportunities brought about by the comprehensive deepening of reforms and the effectiveness of the entire industry in recent years.

After more than half a century of efforts, China's machinery industry has gradually developed into a manufacturing industry with a certain degree of overall strength, and has initially established a pillar position in the national economy. At present, the number of enterprises above designated size in China's machinery industry, the number of employees, fixed assets, and industrial output value still rank among the top industries in the country.

On the 19th, it was learned from the China Machinery Industry Federation that China's machinery industry is currently in a period of stability and concern. Although last year, China's machinery industry was generally operating smoothly, achieving a slow recovery and modest growth. However, China's machinery industry has not yet entered a healthy development track. Stabilizing growth and maintaining the overall situation is still the top priority for the development of the industry this year.

The situation of China's machinery industry this year is still complicated, with favorable conditions and unfavorable factors coexisting. On the one hand, international competition has become more intense, and China’s economic downward pressure remains high. On the other hand, the macroeconomic environment in China is conducive to the steady development of the entire industry. The stability of the policy environment is conducive to the advancement of industrial restructuring and other favorable factors. exist.

In the first three months of this year, the cumulative shipment value of China's machinery industry totaled nearly 5% year-on-year. Experts in the industry believe that China's machinery industry has made new progress in the course of ongoing transformation, upgrading, and restructuring. At the same time, products with advantages in the international market will continue to expand. It is expected that China's machinery industry will import and export this year better than last year. Imports will continue to show low growth. In terms of exports, due to the large base at the beginning of last year and the limited year-on-year growth in exports in the first quarter of this year, it is likely to rise month after year in the middle of the year and it is expected to grow by about 8% for the whole year.