The birth of China's machinery industry's first Fortune 500 companies

According to the Xinhua News Agency Xinhua latest issue of "Fortune" magazine published the 2011 Fortune 500 list, China Machinery Industry Group Co., Ltd. to $ 22.487 billion in revenue the first list, column 434, as in addition to outside of the automotive industry China Machinery Industry's first Fortune 500 companies.

Machinery industry is a basic industry of national economy, but also of modern industry "mother ship." In 2010, China's machinery industry total industrial output value reached 14.38 trillion yuan, industrial sales output value of 14.06 trillion yuan, up 33.93% respectively over the previous year and 34.26%, a record high.

China Machinery Industry Federation, said the experts, the National Machine Group to enter the ranks of the world's five hundred, is China's machinery industry in recent years, the transformation of economic development, promote industrial restructuring and upgrading of the encouraging results, the future development of China's machinery industry will have an important incentives.

According to reports, in 2010, the National Machine Group sales revenue of 152.22 billion yuan, up 47%; profit of 6.67 billion yuan to complete, up 40%; complete total import and export $ 8.6 billion, an increase of 36%. 2011 January to May, the National Machine Group achieved operating income of 78.63 billion yuan, an increase of 38.4%; profit up 41.6%, maintained a strong momentum of development.