China's machinery industry grows softly

It is learned from the China Machinery Industry Federation that China's machinery industry successfully achieved a transition from ultra-high-speed growth to steady growth in 2005. At the same time, the machinery industry has seen new developments in foreign trade, exports have maintained rapid growth, import growth has slowed markedly, commodity structure, export methods and market distribution have been optimized, and automobiles and parts, generators, CNC machine tools, etc. have gradually become exports. New highlights.
Cai Weici, vice chairman of the China Machinery Industry Federation, pointed out that since the second half of 2004, the economic growth rate of China's machinery industry has declined. The industrial added value has been growing at a rate of more than 30% for two consecutive years in 2003 and 2004. About 20% fell back. At the same time, the machinery industry's profits have reached record highs. The total profit for the year was 214.08 billion yuan, a year-on-year increase of 11.26%. The growth rate of total profit slowed by 5 percentage points compared with 16.51% of the previous year, and the efficiency growth slowed down markedly; the sales profit rate was 5.84%, which was 0.54 percentage points lower than the previous year's 6.38%; the cost profit rate was 6.21%, which was lower than the previous year's 6.83%. 0.62 percentage points. Foreign trade exports reached a new high, with total import and export amounting to 222.867 billion US dollars, up 16.73% year-on-year; exports maintained rapid growth, import growth slowed down markedly; export commodity structure upgraded, automobiles and parts, generators, CNC machine tools, etc. gradually became new export Highlights; car exports exceeded imports for the first time.
Cai Weici said that in 2005, the output of important products of the machinery industry achieved new breakthroughs. Among the 94 major mechanical products in the statistics, 77 kinds of production increased compared with the previous year, accounting for 81.9%; among them, 60 kinds increased by double-digit speed, and 15 important products such as large and medium-sized tractors and power generation equipment increased by more than 30%. . In 2005, the production of cars and their cars was 5.7049 million and 2,770,100, an increase of 12.06% and 19.71%; sales were similar. Among the sales of cars, self-owned brands have accounted for more than 25%.
Cai Weici particularly emphasized that the independent innovation capability of China's machinery industry has been continuously enhanced. For example, the 750KV complete set of power transmission and transformation equipment with the highest altitude among the world's highest voltage grades, which is urgently needed by domestically developed key projects, has been successfully developed and put into production; The development of kilowatt ultra-supercritical pressure thermal power units and 1 million kilowatt nuclear power units has made important progress; the development of 1 million volt and DC ±800,000 volt high-voltage power transmission and transformation equipment has started.

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