The Economic Operation Of The Machinery Industry Is Stable And Making Progress

Aug 28, 2023

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Since the beginning of this year, the economic operation of the machinery industry has been stable and improved. The first quarter achieved a stable start, the second quarter maintained an upward trend, the added value of the machinery industry in the first half of the year increased by 9.7%, respectively higher than the national industrial and manufacturing growth rate of 5.9 and 5.5 percentage points in the same period.

In Mozambique's Maputo cross-sea bridge, Zambia Africa's largest copper mine Lumwa and other project sites, Sany Heavy Industry machinery and equipment can be seen everywhere. At present, Sany Heavy Industry has permanent branches in more than 30 countries in Africa, with more than 30 agents and more than 90 service outlets, and the localization rate of Sany's own personnel exceeds 50%.

As the core support of foreign infrastructure projects, more and more domestic construction machinery and equipment are active in overseas markets. Through the whole value chain of "research, production, supply and marketing services", the layout of Chinese construction machinery enterprises in various fields overseas has been further improved, providing strong support for Chinese manufacturing to expand the international market.

Not only construction machinery, the entire machinery industry export business has increased. In the first half of this year, the machinery industry achieved a total import and export of 536.1 billion US dollars, an increase of 5.1%; The trade surplus reached US $249.1 billion, an increase of 41.2% year-on-year, accounting for more than 60% of the country's trade surplus.

Luo Junjie, executive vice president of the China Machinery Industry Federation, said that in the complex and changing international economic and trade environment, the scale of foreign trade in the machinery industry has grown steadily, the structure of export products has been optimized, the export of high-tech products has increased significantly, and the competitiveness of the international market has been enhanced.

China's independent development of the world's first 10-meter super-high intelligent coal mining machine off the line, the first domestic independent research and development of hip knee orthopedic surgery robot on the market, the world's first green shield machine, the world's largest tonnage of hydrogen energy mining trucks have been put into use... Since the beginning of this year, a number of intelligent and green major equipment has achieved breakthroughs. In the first half of the year, the related industries of strategic emerging industries in the machinery industry achieved a cumulative operating income of 10.9 trillion yuan and a total profit of 607.92 billion yuan, an increase of 10.4% and 15.6% respectively.

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