Related News
China's machinery industry cools in 2015
Online Edition
THE machinery industry in China is facing tough times as investment has slowed, but structural changes may offer a silver lining.
In 2015, the value-added output of the machinery industry increased 5.5 percent year on year, 4.5 percentage points lower than the growth rate seen in 2014, and slower than the 6.1-percent rise in the average value-added industrial output, data from the China Machinery Industry Federation (CMIF) shows.
"The slower-than-average growth rate in the machinery sector is very unusual and it highlights the difficulties the industry's facing, " said Chen Bin, CMIF executive vice president.
Only 18 out of 64 main machinery products reported production growth.
Products relying on heavy investment as well as those facing overcapacity such as general machine tools saw the biggest decline, while output of consumption-driven products such as sports utility vehicles and those that promote energy efficiency continued to rise.
The changes were in line with China's transition to a consumption and innovation driven green economy.
Looking forward, the CMIF predicts that value-added output growth in the machinery industry will remain around 5.5-percent while exports from the sector may rise in 2016.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
