2015, China's machinery industry is expected to increase in value up 10%

[wangkiky]

Development of machinery industry last year basically achieved steady progress, in which the foreign trade situation for the better, new products, new technology research and development to become more active, high-end equipment of independent innovations are emerging. China's machinery industry is expected in early 2015 will continue the downward trend in 2014, but will gradually slow down, mid-year is expected to stabilize. February 11, China Machinery Industry Federation held the 2014 annual machine ...
Development of machinery industry last year basically achieved steady progress, in which the foreign trade situation for the better, new products, new technology research and development to become more active, high-end equipment of independent innovations are emerging. China's machinery industry is expected in early 2015 will continue the downward trend in 2014, but will gradually slow down, mid-year is expected to stabilize.
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February 11, China Machinery Industry Federation held the 2014 annual conference on economic condition of the machinery industry. It is understood that in 2014 China's machinery industry basically achieved steady progress, expected in 2015 will continue the downward trend in 2014, but will gradually slow down, mid-year is expected to stabilize.
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Executive vice president of the machine together, said Chen Bin, 2014 mechanical industrial added value increased by 10%, higher than the national industry average growth rate of 1.7 percentage points over the same period; machinery industry total realized main business income of 22.2 trillion yuan, an increase of 9.4%, higher than the national industrial growth rate 2.45 percentage points over the same period. 64 major machinery products, the production growth of 46 species. Chen Bin, analysts say, consumption upgrade more related products such as large agricultural machinery, passenger vehicles, sales situation is quite good; but the typical investment products, such as engineering machinery, metallurgical equipment, production and marketing is weak.
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It is worth noting that the machinery industry's foreign trade situation is better than last year, the accumulated total imports and exports $ 725.5 billion, an increase of 8.1%, exports of $ 402.3 billion, an increase of 8 percent, or 1.8 percentage points higher than last year, in which the private enterprises with exports amounting to $ 148.9 billion, an increase of 14.35%. "It is gratifying phenomenon, indicating that China's machinery industry trend to upgrade the product structure presentation." Special Adviser to the machine together Cai Wei said.
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Chen Bin said, the machinery industry of new products, new technology research and development to become more active, high-end equipment independent innovation are emerging, large-scale nuclear power, hydropower, thermal power and wind power equipment, outfit UHV power transmission, natural gas long-distance pipeline pressure stations equipment and other high-end equipment significantly increased the level of autonomy. Meanwhile, the machinery industry is moving more responsive to market demand, adjust the direction of more and more enterprises to "user complete solution" provider upgraded from "hard" producers. Network operators and other emerging business models, but also a pioneer in the minority began to explore.
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Looking ahead to 2015, there is still downward pressure on economic growth, development of the industry overall external environment of tight difficult situation markedly improved. CaiWeiCi think, overall judgment in 2015, the machinery industry growth rate will continue downward.
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From the machinery industry operating environment, the financial costs, especially one in which an increase of interest expenses remained relatively high financing environment still grim. Second, an increase of accounts receivable is still high, loan recovery difficulties. Third, an increase in finished goods inventory rose month by month. Fourth, an increase of orders dropped significantly, and the monthly downward. Fifth, the demand for machinery products still in the doldrums. Sixth, fixed asset investment growth fell sharply, investment demand is not optimistic.
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"A combination of factors judged, is near the bottom, not downward out of control." CaiWeiCi said, first, macroeconomic downside is limited, GDP growth in 2015 is estimated at about 7%. Historical experience shows that the growth rate of industrial machinery are usually higher than the GDP and the national industrial average. Therefore, the mechanical industry growth to continue down the space has been limited. Meanwhile, the state introduced a number of positive measures to steady growth, industry characteristics of the mechanical industry more strain selection, plus the machinery industry in the viability of a strong, stable development of the industry is growing.
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