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China Machinery Industry Federation reported summary
China Machinery Industry Federation reported summary
China Machinery Industry Federation reported summary
Recently, this reporter learned from the China Machinery Industry Federation, this year's difficult environment for the development of machinery industry more, but driven by policy support, coupled with their own competitiveness is also enhanced in 2012 industry profit growth will reach 12% around.
Currently, high-end equipment manufacturing and new energy vehicles has been identified as the national "five" focus on supporting the development of strategic emerging industries, will further drive the machinery industrial restructuring, promote the product structure upgrade process.
However, the economic operation of the machinery industry also faces several disadvantages. The first is the weakness in the domestic market. The domestic market has experienced rapid growth in previous years, along with the deepening of industrial restructuring, expansion of infrastructure projects deceleration, industry growth is slowing down, leading to product oversupply outstanding.
Second, the world economic slowdown, foreign machinery industry should be market uncertainty increases. At the same time, by the impact of market liquidity tightening, corporate financing more difficult, costs continue to rise; With the improvement of rising prices and labor wage system, enterprise and employment costs increased significantly. These factors increase the operational effectiveness of future industry growth pressure.
Under the above factors, the association expected this year, the growth rate of major economic indicators machinery industry will be less than in 2011, annual sales growth is expected at around 18%, profit growth of around 12%, export growth at about 15%.
Association predicted that the end of the first quarter or the second quarter could reach down low round of the machinery industry, then growth will stabilize again
China Machinery Industry Federation news conference summary
Xinhua Beijing on February 13 electric reporter on the 13th from the China Machinery Industry Federation press conference was informed, compared to the rapid growth of the past decade, in 2011 China's machinery industry overall decline of major economic indicators of growth, profit growth fell particularly prominent , industry restructuring is imminent.
China Machinery Industry Federation expects 2012 growth rate of major economic indicators machinery industry will continue to decline, and sales growth is expected to be approximately 18 percent, profit growth will be about 12%.
"Growth in the fall, not only in terms of industrial output, increase profits fall more violent momentum." China Machinery Industry Federation, vice president, said Cai Wei-Chi, 2011 11 months to achieve rapid profit growth fall sharply than the growth last year down 34 percent, despite a rebound in December, but the efficiency of the sector is still in the growth rate of decline trend.
2012, by the impact of domestic and international economic environment, unstable economic operation of China's machinery industry still large uncertainties, problems and difficulties faced continued to gather.
"China's machinery industry in general machining excess capacity, industrial structure upgrading is imminent." CaiWeiCi said that 2012 will be dedicated to promote industrial restructuring and upgrading of the machinery industry, the industry has a serious surplus of general processing capacity, upgrade into still in short supply high-end production capacity and enhance long-term development potential of the industry.
China Machinery Industry Federation, said 2012 will greatly enhance the high-end equipment independent innovation capability and market share, improve energy efficiency index level of products, accelerate breakthroughs in key basic parts, basic technology and bottleneck constraints of the base material, the investment from the general expansion of production capacity to the ability to shift the direction of fostering innovation.
China's machinery industry is expected in 2012 the growth rate of major economic indicators will continue to decline, the machinery industry of major economic indicators show a former low-level potential, the end of the first quarter or the second quarter will likely reach down low, then growth will again stabilized. Full-year sales growth is expected to be around 18%, profit growth of around 12%, lower than sales growth; export growth of around 15%.
Foshan Electrical and Mechanical Equipment Co., Ltd.
