Machinery / Industrial Parts & Tools

On August 6, 2021, the China Machinery Industry Federation held a press conference on the economic operation situation of the machinery industry in the first half of 2021 in Beijing. At the meeting, Chen Bin, executive vice chairman of China Machinery Industry Federation, announced the economic operation of the machinery industry in the first half of 2021.

In the first half of the year, the added value of the machinery industry increased by 22.3% year-on-year, which was 6.4 and 5.2 percentage points higher than that of the national industry and manufacturing industry in the same period, and was 21.2 percentage points lower than the first quarter; the two-year average growth rate was 9.8%.

In the first half of the year, the machinery industry achieved a cumulative operating income of 12.49 trillion yuan, a year-on-year increase of 30.85%; realized a total profit of 801.32 billion yuan, a year-on-year increase of 41.99%; the growth rate of both indicators was at a relatively high level.

In 2021, the overall economic operation of the machinery industry will show a trend of high before and low. The growth rate of major economic indicators in the second half of the year has slowed down significantly compared with the first half of the year, but the machinery industry is still confident in completing the annual target. It is estimated that for the whole year, the growth rate of the added value, operating income and total profit of the machinery industry can reach about 6%, and foreign trade import and export are expected to achieve new breakthroughs.