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In the second half of the machinery industry is still maintained steady development

2014/09/11

        On September 6, China machinery industry federation issued machinery industrial economic operation situation during the first half of the year. Cai Weici, vice chairman of China machinery industry federation, said in the first half of the machinery industry showed moderate growth trend, the second half of the year is still expected to maintain steady development. Year-on-year growth in production and marketing of this year is estimated to be around 12%, profit growth at around 8%.

  Cai Weici said that in the first half of the machinery industry overall present a closely associated with consumer products production is generally good in investment products, machine tools, engineering machinery, heavy machinery, power generation equipment typical investment products such as output has fallen sharply, relevant industry enterprises on the difficult than last year. In addition, under the influence of user demand, this year mechanical products market more competitive, the downturn in the overall price level for the previous year. Compared with low domestic demand, export growth is also worth attention.