Overall positive investment in the operation of the mechanical industry | Mechanical industry | Overall
This paper, Beijing, July 7th. Since the beginning of this year, the overall operation of the machinery industry has continued to improve, with improved benefits and stable exports. From January to May, the machinery industry achieved a cumulative operating income of 11 trillion billion yuan, an increase of 10.6 percent over the same period last year, and a total profit of 613.66 billion billion yuan, an increase of 18.2 percent over the same period last year. The growth rate of the two indicators was 10.5 and 37 percentage points higher than that of the national industry in the same period.
Production continues to recover. From January to May, out of 120 major mechanical products, 63 products saw a year-on-year increase in production, accounting for 52.5%, exceeding half for the first time since February last year, and product production achieved a recovery growth.
Fixed assets investment kept growing. From January to May, the accumulated fixed assets investment of the machinery industry increased by 20.3% year on year, 16.3, 11.5 and 14.3 percentage points higher than that of the national, industrial and manufacturing investment. Among them, the electrical machinery, instrumentation, and automotive industries played an important driving role, with year-on-year growth rates of 38.9%, 25.3%, and 17.9%, respectively; The investment in the general equipment and specialized equipment industries is relatively low, with growth rates of 4.5% and 8.6% respectively.
Foreign trade exports increased year-on-year. From January to May, the mechanical industry achieved a total import and export volume of 446.6 billion US dollars, a year-on-year increase of 7.1%.
Luo Junjie, Executive Vice President of the China Machinery Industry Federation, stated that although the overall operation of the machinery industry is improving, it still faces problems such as insufficient market demand and uncertainty in foreign trade trends, and there is still pressure to achieve stable operation throughout the year. The next step should fully leverage the role of key backbone enterprises to support the stable operation of the industry.