China's machinery industry will continue to achieve double-digit growth this year

China news agency, Beijing, July 22 (Reporter Yan Xiaohong) - China Machinery Industry Federation, 22, said, look at macroeconomic trends and other factors, the second half of China's machinery industry is expected to speed the economy will continue, although a modest decline from month to month, but still expected to achieve annual double-digit growth, sales growth is expected of them in about 20%, profit growth may be slightly lower than sales growth, export growth is expected to more than 20 percent, but import and export trade deficit may be reproduced.

China's machinery industry during the first half of this year industrial output value and sales were 7.88 trillion yuan output value and 7.69 trillion yuan, an increase of approximately 27 percent are. Which the first five months of sales growth month by month, month of June, the growth rate slip stabilization to achieve sales of 1.56 trillion yuan, and the amount of 1.52 trillion yuan, both record highs.

In the first half, China's industrial added value increased machinery 16 percent, higher than the national industrial growth rate 1.9%, increase compared with a year earlier but fell sharply. From the accounting perspective, this year the country's total industrial added value of industrial machinery the proportion of the monthly increase, from the first 2 months of 18% to the first six months of 19%, always topped the list.

The first five months of this year, China's machinery industry realized a total import and export trade volume $ 247 billion, an increase of approximately 30% of which 28% export growth, import growth of 31%. The first five months of this year, although the growth rate of imports of industrial machinery down month by month, but still higher than export growth. Foreign trade has been in a deficit state. First five months of total foreign trade deficit of $ 2.593 billion.

China Machinery Industry Federation, the official said, the first half of machinery industry in achieving stable and rapid growth, there has been a modest growth rate decline, which is the national macro-control policy orientation are closely related in the expected, and the recent increase rate has been slowing down speed signs, so we run throughout the year should the trend with confidence. Complete