Chinese Machinery Readily Growing In Output And Sales
During the review period, China's gross industry output of machinery was reported to be RMB 3,307.56 billion, representing a 20.55% increase from the same period of last year. It was, however, just an increase of 0.3 percentage points compared with the percentage increase registered during the first nine months of the year.
The sales output value grew at a similar pace. Registering RMB 3,221.35 billion, it posted a 20.86% growth year-on-year, a rise of 0.22 percentage points from the growth between January and September.
Looking at the trend, the gross industrial output and the sales output value had slightly grown for six consecutive months since May . On average, these two indicators rose by 0.4 and 0.44 percentage points respectively.
Sectors of the largest growth in gross industrial output were: heavy and mining machinery (31.5%), basic components (29.51%) and electrical engineering (29.46%). Those of the smallest growth were automobile (7.26%) and engineering machinery (9.71%) - the engineering machinery industry has started to recover.
Coming to export, a total of RMB 543.12 billion worth of Chinese machinery were shipped abroad from January to October. Despite casting a high growth of 31.54%, it was on a gradual downward trend.
In October, 97.39% of China's machinery output were sold.
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