Machinery / Industrial Parts & Tools

The latest economic performance of the machinery industry in the first half of 2021 released by the China Machinery Industry Federation shows that as of the first half of this year, the year-on-year growth rate of the main economic indicators of China's machinery industry is at a relatively high level. Among them, 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. It is estimated that the annual growth rate of the added value, operating income and total profit of the machinery industry can reach about 6%.

The five major categories of national economic industries involved in the machinery industry-general equipment manufacturing, special equipment manufacturing, automobile manufacturing, electrical machinery and equipment manufacturing, and instrumentation manufacturing in the first half of the year increased by 24.3%, 20.1%, and 21.8% respectively. , 29.4% and 19.2%, the two-year average growth rate both exceeded 8%.