In the first quarter, the added value of China's equipment manufacturing industry increased by nearly 40% year-on-year.

Release time:

2023-10-11

According to data released by the Ministry of Industry and Information Technology recently, in the first quarter, the equipment manufacturing industry maintained a momentum of rapid growth, with added value increasing by 39.9 year-on-year, and profits in the first two months increased by 7.1 times year-on-year.

In the first quarter, the added value of China's equipment manufacturing industry increased by nearly 40% year-on-year.

Xinhua News Agency, Beijing, May 1 (Reporter Zhang Xinxin) The Ministry of Industry and Information Technology recently released data showing that in the first quarter, the equipment manufacturing industry maintained a rapid growth momentum, with added value increasing by 39.9 year-on-year, and profits in the first two months increased by 7.1 times year-on-year.

The equipment manufacturing industry is an important part of the manufacturing industry, an important manifestation of comprehensive manufacturing capabilities, and one of the barometers that reflect economic performance.

In recent years, China's equipment manufacturing industry has made continuous breakthroughs in product and technological innovation, the layout capacity of the whole industry chain has been continuously improved, and the launch of high-end, large-scale and intelligent equipment has been accelerated.

Not long ago, 11 Chinese companies including Xugong Group Construction Machinery Co., Ltd. were on the list of "2021 Top 50 Global Construction Machinery Manufacturers" published by the Organizing Committee of the Global Construction Machinery Top 50 Summit and "China Construction Machinery" magazine.

According to data from the Ministry of Industry and Information Technology, in the first quarter, the output of investment products such as construction machinery and trucks increased by more than 70%, which not only reflects the recovery of production and construction in various regions, but also reflects the acceleration of the development of my country's equipment manufacturing industry. (END)