In 2018, the endogenous resilience of China's machinery industry will gradually increase, and the industry is expected to maintain double-digit growth, with export growth of about 8%.
In 2017, China's machinery industry stopped the previous two consecutive years of decline and achieved medium-speed growth.In the process of advancing to a “manufacturing powerhouse”, its development momentum has shifted from being supported by product production growth to being driven by product upgrading and innovative services.
It is understood from the China Machinery Industry Federation that in the first five months of 2017, the economic operation of the entire industry of China's machinery industry has made steady progress, and the industrial added value of the entire industry has increased by 11%, and the main indicators are significantly higher than the national industrial average.At the same time, China's machinery industry also had several problems in the first five months, such as weak demand, still sluggish prices, and increased competition.
It is worth noting that the differentiation between the major sub-industries of China's machinery industry intensified in the first half of this year, and this trend will continue in the future.In addition, the downward pressure on the entire industry still exists, and the problems in the construction machinery and agricultural machinery industries are more prominent.
All in all, China's machinery industry is currently shouldering an important mission of transformation and upgrading. Its internal and external environment is still complex and changeable, and the economic operation of the industry is still difficult.
The relevant person in charge of the China Machinery Industry Federation pointed out that if China's machinery industry is to get out of trouble, it must abandon the competitive model of relying solely on expansion and price reduction to compete for “economies of scale” as soon as possible.In addition, we must continue to innovate in products, services, and business models.
Judging from the whole year of this year, the overall demand of China's machinery industry will still be weak, and the development of the industry will maintain a stable main tone.
Industry insiders said that the current stable central and local growth has been effective, and the macroeconomic situation is expected to further improve in the second half of the year, which will constitute a strong support for China's machinery industry.