Latest News:  


Machinery sector expects double-digit growth in 2013

By Liu Jin (China Economic Net)

15:29, December 24, 2012

In the National Machinery Industry Economic Development Report Conference held recently, Cai Weici, executive vice chairman of China Machinery Industry Federation, said that currently development of the machinery industry remained grim; we should be prepared for a tough time, but the development prospects were favorable in the long term.

Positive signal amidst slowdown

The current slowdown is an adjustment against the background of the change of economy development goal from quantity to quality, and the market "reversed pressure" mechanism is yielding expected results.

Due to such factors as slipping export and weak investment in infrastructure construction and real estate, China's industrial production growth in the first three quarters of this year has continued to slow down, the operation difficulty of the machinery industry has increased, and the slowdown of main economic indicators has continued since 2011. The 6 major economic indicators, namely industrial added value, total output, profit, foreign exchange created, products production volume, and fixed assets investment, are all on a downward trend. Meanwhile, the industry is becoming increasingly differentiated, and economic operation become more difficult.

【1】 【2】 【3】 【4】

We recommend:

Riding on BJ-GZ high-speed railway

The spending of China's rich

More Chinese cities see home price rise

Santa is coming and China takes a lot more notice

Harbin-Dalian high-speed railway starts operation

Nanjing Yangtze Fourth Bridge to open


Related Reading

Leave your comment0 comments

  1. Name


Selections for you

  1. Monti considers leadership in case "agenda" upheld

  2. Soldiers attend training in harsh environment

  3. Destroyer flotilla conducts training

  4. Life is a special exam

  5. Cold wave sweeps most parts of China

  6. On Beijing-Guangzhou high-speed railway

  7. Beijing: A vigorous and beautiful city

  8. Christmas time around the world

Most Popular


  1. Why the young Chinese get physically weaker
  2. Why Discover China is popular in the West
  3. The laughter sounds too harsh
  4. Do not confuse Confucious with Santa Claus
  5. Losers' can flatter themselves in any culture
  6. Time to abandon Olympic obsession

What’s happening in China

Catchwords in memory in 2012

  1. National College English Test kicks off
  2. Pepole enjoy skiing in NW China
  3. Travelling on BJ-GZ high-speed railway
  4. Cold wave sweeps most parts of China
  5. China arrests 96 in doomsday cult's birth province