In the second half of the year, the growth rate of China's machinery industry will gradually stabilize

It is reported that during the decade from 2001 to 2010, China's machinery industry output value increased from 1.44 trillion yuan to 14.38 trillion yuan, with an average annual growth rate of more than 25%. The number of enterprises above the designated size of the machinery industry in the country increased from 34,000 to 107,000, and the scale of assets increased from 2 trillion yuan to 10 trillion yuan. During this period, the production and sales of machinery industry exceeded 8 billion yuan for 8 consecutive years. In 2010, the annual increase in the production and sales of the machinery industry reached 3 trillion yuan, and the production and sales reached more than 14 trillion yuan. At present, China's equipment self-sufficiency rate has increased from 70% in 2001 to 85% in 2010. The contribution rate of the machinery industry to the total new industrial output of the country reached 22.29%.

Song Xiaogang, executive vice president of the China Federation of Machinery Industry, said at the recent "Let China Equipment and Equipment China Go to the World - China's Machinery Industry Thematic Campaign". “In the first half of this year, or from January to August, the growth rate of the machinery industry is falling month by month, but the Chinese machinery industry will gradually stabilize in the second half of the year.”

According to the data provided by the China Federation of Machinery Industry, the production and sales volume of the machinery industry from January to August this year was 10.66 trillion yuan and 10.4 trillion yuan, respectively, an increase of 26.42% and 26.16% year-on-year, maintaining a relatively high growth momentum. The proportion in industry still ranks first in all industries. At the same time, from January to July, the total import and export trade volume reached 355.695 billion U.S. dollars, an increase of 26.33% year-on-year, and the trade balance returned from the first six months of deficit to a surplus, with a surplus of 1.771 billion U.S. dollars.

Song Xiaogang stated that the phenomenon of the monthly growth rate falling from January to August was related to multiple factors. At the macro level, countries have lowered their expectations for the growth of gross domestic product (GDP). From the mechanical industry itself, driven by infrastructure, real estate, and automobile industries, the average annual growth rate of the machinery industry has exceeded 25% in the past decade. Behind the rapid growth, there is also a problem that high-end products can not meet the market demand, but there are indeed more serious overcapacity in the low-end products, and the current infrastructure construction is decelerating, which affects the growth of China's machinery industry in the second half. On the export side, export of the machinery industry was greatly affected by the financial crisis. At present, companies are cautious in expanding production capacity, and the market prospects are not very clear. However, Song Xiaogang also believes that the growth rate of China's machinery industry will gradually stabilize in the second half of the year.

“This year is the first year of the Twelfth Five-Year Plan. Although the State emphasizes that it will not blindly use the projects and blindly expand production capacity in the first year of the 12th Five-Year Plan, the fixed assets investment is still at a high level in terms of economic performance. From January to August, the growth rate of fixed asset investment is still about 41%. From this trend, the fixed asset investment may be technological transformation, or it may be the increase of production capacity, the increase of production capacity, or the improvement of technology, or can see the market prospects. From this perspective, we expect China's machinery industry will gradually stabilize in the second half of the year, said Song Xiaogang.