Ministry of Industry and Information Technology: In the first quarter, the equipment industry "stable production, increased investment, strong exports"

This morning, the State Council Information Office held a press conference to introduce the development of industry and information technology in the first quarter of 2026. The relevant responsible person stated that the equipment industry had a good start in the first quarter, showing three main characteristics: “stable production, rising investment, and strong exports.” In the first three months of this year, the added value of the equipment industry increased by 6.2% year-on-year, accounting for 19.4% of industrial growth. Fixed asset investment in five major industries all achieved positive growth, including railways, ships, aerospace, and other transportation equipment manufacturing, as well as general equipment manufacturing, which grew by 27.7% and 12.5% respectively year-on-year. In the first quarter, the export value of equipment manufacturing products priced in RMB increased by 19.2% year-on-year, accounting for more than 60% of total exports. Additionally, high-end products in the equipment industry continued to increase. Among passenger cars priced above 500k yuan, domestic brand models saw a 97% year-on-year increase in sales, with a market share reaching 69.5%. (CCTV News)