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Cai Weici, deputy chairman of the China Federation of Machinery Industry, told reporters today that the current market demand for China's machinery industry is generally better. Most of the machinery industry companies have more orders for hand-held products and production tasks are still relatively full, so that they will continue to maintain a comparatively low level in 2008. Rapid growth provides market conditions. However, in the overall situation of being good, we must clearly see that there are still many problems that need to be resolved, such as: the ability of independent innovation of major equipment is not strong, key components and parts cannot keep up with the development requirements of the host; the extension of fixed assets investment is still relatively Heavy and general product overcapacity problems; a large number of large-scaled materials, energy-saving mechanical and electrical product development efforts to optimize product structure issues; increase mergers and acquisitions restructuring efforts to optimize corporate structure issues; inhibit the blind development of “two high-owned†products, Improve the export grade of products and optimize the structure of foreign trade and foreign investment. All these must pay great attention to the rapid development of the machinery industry.
In addition, from the perspective of the external resources supply environment, this year's major raw materials and energy supply are expected to basically meet the needs of industry development, but prices may remain high and even continue to rise. Compared with 2007, the economic operating environment of the machinery industry may be tightened this year.
It is expected that the machinery industry will maintain a growth rate of about 20% for the sixth consecutive year this year, and sales, profits, and exports will all increase by about 20%. The output of important products will also be more successful. The output of automobiles will hit the 10 million mark, and the output of CNC machine tools will reach 14 to 150,000 sets. All other major products are expected to continue to grow steadily.
In 2008, China's machinery industry will maintain a growth rate of about 20%
China Machinery Industry Federation today predicts that considering the economic environment at home and abroad, although the development speed of the whole industry will slow down in 2008, it will maintain a steady and rapid development trend. Major economic indicators such as production and sales, profit, and exports are expected to continue. In the sixth year, it maintained a growth of about 20%.