Machinery Industry Will Continue To Grow Steadily Next Year

A few days ago, Cai Weici, vice president of China Federation of machinery industry, pointed out that the growth of demand for machinery market at home and abroad may drop somewhat this year, but there will be no abrupt reversal in the trend of continued growth, and the total demand is expected to continue to grow.

In addition, the proportion of China's equipment manufacturing industry in the added value of manufacturing industry is still very large compared with that of industrial developed countries, and there is still considerable room for development in the industry.

Continue to grow steadily

Cai Weici believes that this year's development of the machinery industry has two outstanding characteristics: first, the output value of new products is obviously faster than that of the same period, and the R & D expenses of enterprises have generally been improved.

With the invisible hand of the market and the guidance of the government, industrial agglomeration characterized by specialization and scale production began to appear in many areas.

What is particularly worth mentioning is that the pattern of machinery industry has changed. The proportion of electrician and automobile industry in the total industry is more than half. The total amount of construction machinery, basic machinery and spare parts is not dominant, but it has maintained a certain speed of development.