China Association of Machinery Industry: Machinery Industry Added Value Maintains Growth Year-over-Year in First Two Months of This Year

People’s Financial News, March 26 — According to the China Machinery Industry Federation, in the first two months of this year, China’s machinery industry started well. Production and supply increased rapidly, market demand remained steady and grew, new productive forces expanded and strengthened, and the economy showed a strong start, achieving a good beginning. From January to February, the added value of the five major industry sectors related to machinery industry maintained a growth trend year-on-year. Among them, general equipment manufacturing grew by 8.9%, specialized equipment manufacturing by 8.8%, automobile manufacturing by 3.4%, electrical machinery and equipment manufacturing by 8.7%, and instrument and meter manufacturing by 7.8%. The reporter noted that in the first two months of this year, the equipment manufacturing sector performed well, with added value increasing by 9.3% year-on-year, 3.0 percentage points higher than the overall above-scale industrial added value. (CCTV News)