China's machinery industry will gradually recover from this year
Release time:
2018-08-24
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The worst days of China's machinery industry may have passed. It is learned from the China Machinery Industry Federation that the decline in the growth rate of the machinery industry has basically bottomed out, and it is unlikely to continue to decline significantly in the future. According to the data, from January to October 2012, the total industrial output value of the machinery industry totaled 14.9 trillion yuan, an increase of 11.91% year on year, the lowest growth rate in nearly 10 years (except 2009), and 13 percentage points lower than the growth rate in 2011. At the same time, other five major economic indicators, such as industrial added value, realized profits, foreign exchange earning through export, product output and fixed asset investment, all showed a downward trend.
However, the person in charge of the China Machinery Industry Federation said that although the growth rate of major economic indicators dropped significantly compared with 2011, double-digit growth could still be achieved in 2012. "The growth rate of production and sales is expected to be about 14%; the growth rate of profits is expected to be about 5%; and the growth rate of exports is expected to be about 10%." At present, some leading indicators of the machinery industry show a positive signal, indicating that the economic operation of the machinery industry is showing signs of improvement, which also includes the positive factors of innovation drive, transformation and upgrading.
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