This year, the endogenous response capacity of China's machinery industry will gradually increase, and the whole industry will be expected to maintain double-digit growth. The export growth will be about 8%.
According to the China National Machinery Industry Federation, in the first half of May 2014, the entire industry of China's machinery industry operated steadily and economically. The industrial added value of the entire industry increased by 11%, and the main indicators were significantly higher than the national average. At the same time, in the first half of May, China's machinery industry also had several problems, such as weak demand, low prices, and increased competition.
It is worth noting that the differentiation between the major sub-sectors of China's machinery industry has increased in the first half of this year, and this trend will continue in the future. In addition, the downward pressure on the entire industry still exists, and problems in the construction machinery and agricultural machinery industries are more prominent. All in all, the current Chinese machinery industry is shouldering the important mission of transformation and upgrading. Its internal and external environment is still complex and changeable. The economic operation of the industry is still difficult.
The relevant person in charge of the China National Machinery Industry Federation pointed out that if China's machinery industry wants to get out of its predicament, it must quickly abandon the competition model of simply relying on expansion and price reduction to compete for “scale efficiencyâ€. In addition, we must continue to innovate in products, services and business models.
Judging from the whole year of this year, the overall demand for China's machinery industry will remain weak, and the development of the industry will maintain a steady main tone. According to industry sources, the steady growth of the central government and local governments has been effective, and the macro economy will hopefully be further improved in the second half of the year. This constitutes a strong support for the Chinese machinery industry.
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