The machinery industry is the basic industry of the national economy and the equipment industry of the national economy. It undertakes the task of providing technical equipment and production tools for all sectors and industries of the national economy. The development level of the machinery industry influences or even determines The technological progress and industrial development level of relevant industrial sectors.
1. The growth rate of China's machinery industry has slowed down
In recent years, the growth rate of the added value of my country's machinery industry has slowed down. According to data released by the China Machinery Industry Federation, in the first half of 2016-2020, the growth rate of the added value of China's machinery industry has shown a downward trend, with 5.1% in 2019 , Which is lower than the national industrial average (5.7%) in the same period, and also lower than the 6.3% growth rate of the machinery industry last year.
2. The total profit in the first August of 2020 turns from negative to positive for the first time in the year
In recent years, the overall economic benefits of my country's machinery industry have shown a dynamic trend. In 2019, the industry achieved a cumulative operating income of 21.76 trillion yuan, a year-on-year increase of 2.46%. The annual growth rate continued at a low rate, and the growth rate was 1.39% lower than that of the national industry; the total profit was 1.32 Trillion yuan, a year-on-year decrease of 4.53%, and continued negative growth throughout the year. The growth rate was 1.24 percentage points lower than that of the national industry.
In 2020, due to the impact of the new crown pneumonia epidemic, the production and operation of the machinery industry suffered a huge impact. The main economic indicators fell across the board from January to February, and they began to stabilize in March. After entering the second quarter, the trend of stabilization and improvement becomes clearer. As of January-August 2020, China’s machinery industry has achieved a total operating income of 13.43 trillion yuan, a year-on-year decrease of 0.7%, and the rate of decline narrowed by 2 percentage points from the previous month; the total profit was 827.09 billion yuan, a year-on-year increase of 4.1%, which was the first time this year from negative Turn positive.
3. The long-term growth trend of China's machinery industry remains unchanged
Since 2020, in order to alleviate the difficulties caused by the epidemic to the production and operation of enterprises, relevant national and local government departments have issued a number of support and assistance policies, covering market security, fiscal and tax support, financial support, and employee return to work. Play a positive role in boosting market and business confidence. The restorative construction and investment carried out after the epidemic has released potential markets for the machinery industry and brought new opportunities for structural adjustment, transformation and upgrading of the machinery industry. The overall development prospects of the industry are broad.
On the whole, due to the impact of the epidemic in 2020, the industry's operating income is expected to have a small increase compared with 2019, and the income in 2020 will be about 22 trillion yuan. With the continuous development of the industry, it is expected to reach 24.7 trillion yuan by 2025.