Machinery / Industrial Parts & Tools

The "14th Five-Year Development Plan for the Construction Machinery Industry" compiled by the China Construction Machinery Industry Association was officially released in Tangshan, Hebei. It was predicted at the meeting that the operating income of China's construction machinery industry will reach 900 billion yuan in 2025.

During the "Thirteenth Five-Year Plan" period, the scale of my country's construction machinery industry has grown rapidly. In 2020, the entire industry will achieve an operating income of 775.1 billion yuan, a year-on-year increase of 16%, reaching the highest level in history, and fulfilling the planned total scale target.

According to forecasts, the operating income of 900 billion yuan in 2025 will increase by 16% in the five years from 2021 to 2025, with an average annual growth rate of about 3%.