Text Version
RSS Feeds
Home Forum Photos Features Newsletter Archive Employment
About US Help Site Map
SEARCH   About US FAQ Site Map Site News
  -Text Version
  -RSS Feeds
  -News Archive
  -Give us feedback
  -Voices of Readers
  -Online community
  -China Biz info
  What's new
China's machinery industry H1 output growth declines to seven years low
+ -
13:22, July 28, 2009

 Related News
 China extends interest subsidy on loans for dairy producers
 China heads for 8% growth target
 Tertiary industry increases its role in China's economic growth
 Comment  Tell A Friend
 Print Format  Save Article
China's machinery industry output expanded 7.28 percent year on year to 4.79 trillion yuan (about 701.3 billion U.S. dollars) in the first half of 2009, the slowest growth in the past seven years, China Machinery Industry Federation (CMIF) said here Tuesday.

The federation attributed the decline in growth to the country's slowed economy in the first six months, but it is confident that the growth in machinery industry would rebound in the second half as China's economy bottomed out.

Latest data from CMIF showed that the industry had witnessed a growing trend in the first six months since its gross industrial output growth shrank to 2.9 percent in the Jan.-Feb. period. In June, industrial output surged 11.65 percent year on year to more than one trillion yuan.

The country's machinery industry saw profits down 7.73 percent from the same period last year to 189.8 billion yuan, compared to a 25.81 percent profit decline year on year in the first two months this year, said CMIF.

The federation predicted a 12-percent growth in gross industrial output and an eight percent growth in profit, as the country's economy is expected to pick up growth under the government's proactive fiscal policy and the relatively easy monetary policy, which would give rise to machinery demand, it said.


  Your Message:   Most Commented:
Unveiled Rebiya Kadeer: a Uighur Dalai Lama
80 pct of netizens agree China should punish Facebook
LA police: Michael Jackson death may have been 'homicide'
Chinese netizens call for punishing Turkey
Al-Qaida threatens Chinese abroad

|About Peopledaily.com.cn | Advertise on site | Contact us | Site map | Job offer|
Copyright by People's Daily Online, All Rights Reserved