“In 2005, the machinery industry successfully achieved a transition from ultra-fast growth to steady growth. However, this adjustment has not ended. In 2006, the growth rate of the machinery industry will also be adjusted back, and the economic operation will be further tightened.†Recently, the Chinese machinery industry Cai Weici, Executive Vice President of the Federation, made the above statement.
According to statistics, the value-added of the industrial machinery industry in 2005 increased by 20.3% year-on-year, while that in 2003 and 2004 was 38.9% and 33.52% respectively. It can be seen that in 2005 the growth rate of the machinery industry dropped significantly. Cai Weici judged that with the pace of adjustment of the downstream industry, the annual growth rate of the machinery industry in 2006 will continue to fall. It is expected that the annual growth rate of production and sales will be about 15%, the growth rate of industrial added value will be 15%, and the total profit growth rate will be Less than 10%. He pointed out: "Although the magnitude of the callback is still modest, the product price cuts and rising costs make the economic benefits of the entire industry unfavorable. Sales difficulties increase, and the inconsistency of arrears may also increase."
According to statistics, the value-added of the industrial machinery industry in 2005 increased by 20.3% year-on-year, while that in 2003 and 2004 was 38.9% and 33.52% respectively. It can be seen that in 2005 the growth rate of the machinery industry dropped significantly. Cai Weici judged that with the pace of adjustment of the downstream industry, the annual growth rate of the machinery industry in 2006 will continue to fall. It is expected that the annual growth rate of production and sales will be about 15%, the growth rate of industrial added value will be 15%, and the total profit growth rate will be Less than 10%. He pointed out: "Although the magnitude of the callback is still modest, the product price cuts and rising costs make the economic benefits of the entire industry unfavorable. Sales difficulties increase, and the inconsistency of arrears may also increase."