Amid global economic uncertainties, China’s machinery industry showcased robust performance in the first half of the year, embracing intelligent manufacturing and green initiatives, the China Machinery Industry Federation (CMIF) reported on Wednesday.
Key sectors such as automobiles and electrical equipment experienced rapid growth during the initial six months, reflecting the industry’s vitality. The automotive industry’s added value increased by 9.8 percent year on year. Meanwhile, production surged in approximately 61.5 percent of the 122 types of mechanical products monitored by the federation.
New momentum emerged from sectors like new energy vehicles (NEVs) and industrial robots. NEV production and sales soared by 30.1 percent and 32 percent respectively compared to the previous year, while industrial robot output grew by 9.6 percent.
The push towards sustainability was evident as green energy power generation’s installed capacity accounted for about 85 percent of the nation’s newly added capacity in the first half.
Focusing on critical links and addressing vulnerabilities in the industrial and supply chains, the machinery industry has accelerated research and development of core technologies and equipment in recent years, according to Luo Junjie, executive vice president of the federation.
Luo highlighted that numerous independent R&D achievements emerged during this period, further enhancing the resilience and security of the industrial and supply chains.
Reference(s):
China's machinery industry sees stable performance, new momentum in H1
cgtn.com
