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“Last year, the whole industry achieved a slow recovery and moderate growth. The major economic indicators such as production and sales and benefits have all achieved modest growth.†Cai Weici, executive vice president of the China Federation of Machinery Industry, said that in 2013, the industry’s cumulative total profit was 1.41 trillion yuan. , an increase of 15.6% over the previous year. The total tax revenue for the year reached 781.7 billion yuan, an increase of 19.5% over the previous year.
The reporter learned from the China Machinery Industry Federation on the 19th that despite the current international comparative advantages of China's machinery products, the high export growth that has lasted for many years has triggered increasingly severe trade frictions. Coupled with the continued rise in the exchange rate of the RMB to weaken its competitiveness, the difficulty of further expanding exports of Chinese machinery products is increasing this year.
The relevant person in charge of the China National Machinery Industry Federation stated that after experiencing the rapid growth of the “10th Five-Year Plan†and “Eleventh Five-Year Plan†and the sharp fall in 2011 and 2012, the Chinese machinery industry will continue the momentum of steady moderate growth over the past year. It is expected to enter a relatively stable medium-speed development stage.
According to the analysis, the tight external environment for the development of China's machinery industry this year is unlikely to improve significantly, but overall it is still expected to remain basically stable. At present, the main problems in the economic operation of China's machinery industry are still insufficient new demand and weak innovation capabilities. In particular, this year’s comprehensive deepening of the reform will impose higher requirements on the subjective response capabilities of machinery companies. The differentiation of Chinese machinery companies will further intensify, and the pace of mergers and reorganizations among enterprises will continue to accelerate. It is expected that the growth of China's machinery industry in terms of production, sales, and profits will reach approximately 120 percent this year.
In addition, according to industry analysts, with the continuous improvement of China's machinery technology, and the increasing demand for construction machinery in the overseas infrastructure market, the Chinese construction machinery export market is expected to increase its frequency brightly. This year, the unfavorable factors such as the global economic downturn, the appreciation of the renminbi, and rising prices of raw materials will also pose significant challenges to China's auto export market.
The export growth of machinery is gradually becoming more difficult. In 2014, the export growth rate can reach 8%.
Last year, China's machinery industry achieved slow recovery, moderate growth and steady development. The value-added of machinery industry increased by 10.9% year-on-year, which changed the situation in 2012 that was below the national average growth rate. The main business income exceeded 20 trillion yuan for the first time, reaching 20.4 billion yuan. Trillion yuan, a year-on-year increase of 13.8%, and the scale of the machinery industry ranks first in the world. It is expected that the growth rate of production, sales and profit will be around 12% in 2014, and the export growth rate is expected to reach 8%.