The development of China's machinery industry is grim this year

In 2012, China’s machinery industry realized a total industrial output value of 18.41 trillion yuan, an increase of 12.64% year-on-year, which is a significant drop from the growth rate of more than 25% in 2011. The increase in value-added ratio was only 8.4% year-on-year, an increase of 6.7 percentage points from the previous year. It was lower than the average growth rate of national industrial added value for the first time. The ranking dropped from the fifth in the previous year to the third lowest. At the press conference held in 2012 on the economic situation of the machinery industry, Cai Weici, deputy chairman of the China Federation of Machinery Industry, said, "This situation has never happened before."

In his opinion, the demand for the market in 2013 will rise modestly from the previous year, but the external demand situation is not optimistic. On the one hand, China’s high export growth that has lasted for many years has triggered increasingly fierce trade frictions and competition has become fiercer. The developed countries are still expanding their advantages in the high-end equipment market in China, and have begun to squeeze their share of China's terminal market. "To our machinery industry can be said to form a double attack after the former resistance, the future growth of exports is very difficult." Cai Weici said.

At the same time, the recent loose monetary policies implemented by the international community have also increased the pressure of imported inflation in China, further squeezing the benefits of the industry. Zhang Xiaoyu, vice president of the China Federation of Machinery Industry, said, “Therefore, we should have a little more awareness of the crisis in the external demand situation in 2013, and on this basis, we must increase our preparedness.