According to the relevant person in charge of China National Machinery Industry Federation, the total demand for China's machinery products in the coming years will be expected to maintain a steady growth of medium speed, and it is expected that there will not be too much fluctuation. During the period, the demand for high-end machine tools will increase, the construction machinery market will pick up, and the growth rate of automobile production and sales will gradually decline.

Under the backdrop of the market downturn and increasing uncertainties in economic trends, China's machinery industry has continued to actively promote the adjustment of its industrial structure since the beginning of this year, making the entire industry's performance appear to be slowly picking up and growing moderately.

The author was informed today by the China Federation of Machinery Industry that in the first 10 months of this year, China's machinery industry had achieved a year-on-year increase in export delivery value of approximately 1.2%. The cumulative growth rate of export delivery values ​​showed a slight rebound for three consecutive months. In terms of the types of companies, private enterprises increased by about 6% year-on-year, an increase of 0.08 percentage points from the previous month; while state-owned and foreign-funded enterprises decreased by about 6% and 0.05% respectively, the decrease was 0.66 times that of the previous month. And 0.7 percentage points.

In addition, in the first 10 months of this year, a total of more than 19.37 million automobiles were produced, an increase of 17% over the same period of last year, and the growth rate also showed a steady increase, and it has maintained more than 10% for 7 consecutive months. From different models, the growth of multi-functional passenger cars and sports multi-purpose passenger vehicles is relatively fast, with an increase of 88% and 55% respectively year-on-year, while that of basic passenger cars has increased by 17% year-on-year.

Industry experts stressed that in the future China's machinery industry needs to further accelerate the pace of structural adjustment and promote transformation and upgrading.

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