Machinery industry continues stable and high-speed development in the first half
At the 2007 Machinery Industry Development Trends Forum held on July 27, Cai Weici, Vice President of the China Federation of Machinery Industry, shared insights into the performance and future outlook of China's machinery sector. He noted that the industry experienced steady and rapid growth in the first half of the year, with a strong momentum continuing into the second half. However, he also highlighted that the growth rate is expected to moderate slightly, showing a more sustainable trend rather than explosive expansion.
From January to June, the machinery industry saw a robust start, with output growing at nearly 30% compared to the same period last year. Each month recorded a growth rate exceeding 30%, marking a significant rise. This high-performance streak has been ongoing since early 2003, with monthly growth rates consistently above 18% for 54 consecutive months. Despite this rapid expansion, regional development remains relatively balanced, and key products are steadily increasing in both volume and quality. The overall economic performance of the industry remains strong, with the petrochemical general machinery sector seeing a 32.91% year-on-year increase in industrial output and a 39.5% rise in total profits.
Looking ahead, the industry expects a slight slowdown in growth, with production and sales projected to grow by around 25% for the full year, compared to the first half. While the pace may slow, the focus is shifting towards long-term sustainability and efficiency improvements.
Cai Weici also emphasized the need to address potential risks and challenges, such as rising production costs, raw material shortages, and the pressure from overcapacity due to low-level, repetitive expansion. Additionally, the industry faces the challenge of declining order growth relative to output value. He stressed that while growth is important, structural adjustments and efficiency gains must become the priority. Encouraging the development of high-value, energy-efficient equipment and promoting investment in core processes and R&D are essential steps for the industry’s future success.
cute adhesive paper label,vinyl die cut label,vinyl stickers,vinyl die cut stickers,Water Bottle Stickers,die cut labels
Zhuhai Yingwei Packing Products Co., LTD , https://www.yingweipacking.com