China machinery industry will maintain two digit growth in 2014       

In 2013, China's machinery industry stopped the decline for two consecutive years, and achieved medium speed growth. In the process of advancing to manufacturing power in the development of power by the product output growth toward support relies on product upgrades and service innovation driving direction. It is speculated that this year, China's machinery industry endogenous strain capacity will gradually increase, the industry will expect to maintain two digit growth, export growth will be about 8%.

According to reports, from the China Mechanical Industry Association learned that the economy steady progress China machinery industry the whole industry before 2014 May, the whole industry industrial added value growth of 11%, the major indexes were significantly higher than the national average level of industry. At the same time, China's machinery industry in the previous May also has a number of problems, such as the demand is not brisk, the price is still low, competition intensified.

It is worth noting that, in the first half of this year, China's machinery industry differentiation between the main sub sectors intensified, and the future will continue this situation. In addition, the downward pressure of the whole industry still exists, and the problems of construction machinery and agricultural machinery industry are more prominent.

In short, the current China machinery industry is shouldering the important mission of the transformation and upgrading of its internal and external environment remains complex, the economic operation of the industry is still difficult.

Chinese Machinery Industry Federation official pointed out that Chinese machinery industry to get rid of difficulties, must be abandoned as soon as possible only by the expansion and extension of the price to compete for the "economies of scale" competition mode. In addition, the product, service, business model of innovation.

From the whole year, the overall demand of China's machinery industry will remain weak, and the development of the industry will maintain a stable main tone.

Insiders said that the current central and local steady growth play effectiveness, the second half of the macro economy is expected to further improve, which constitute a strong support for the China machinery industry.

"Unlimited scenery in the Xian Feng", believe that Chinese engineering machinery in the future, must be between the top at the prospect is magnificent, very beautiful, unlimited scenery.