China's machinery industry maintains a steady and

China's machinery industry has maintained a trend of "steady progress"

since 2014, the economic operation of the machinery industry has generally maintained a basic trend of "steady progress", and the main economic indicators have maintained moderate growth, and the growth rate is higher than the national industrial average. Since 2014, the economic operation of the machinery industry has generally maintained a basic trend of steady progress, and the main economic indicators have maintained moderate growth, and the growth rate is higher than the national industrial average. However, the sub industries are clearly differentiated. The growth of products in industries related to real estate, steel, coal and other investment is sluggish, the demand is slowing down, and the growth rate is declining month by month

despite the difficulties, the machinery industry also has new highlights, with positive changes in structural adjustment and transformation and upgrading. According to comprehensive analysis, the economic operation of the machinery industry remained basically stable in 2014. Caiweici, a special adviser of the China Machinery Industry Federation, said that the machinery industry should be prepared to continue to grow at a downward rate, and at the same time be confident to continue to achieve medium growth and make steady progress

a, data:

stable growth has been achieved. The main indicators are higher than the industrial average level

the machinery industry basically achieved stable growth in 2014. In the whole year of last year, China's macroeconomic situation was tight, and the growth of the machinery industry was good in the first half of the year, but the growth rate began to decline month by month in the second half of the year. On the whole, the whole industry has basically achieved moderate growth, the growth rate of major economic indicators is higher than the national industrial average level in the same period, and about 70% of the product output has maintained a year-on-year growth trend

to avoid impact and dust entering the accumulation from January to November 2014, the added value of the machinery industry increased year-on-year, which can produce a rigid plate length of 10.3%, 0.4 percentage points lower than the same period last year (10.7%); It is 2 percentage points higher than the average growth rate of national industry (8.3%) in the same period. The main business income was 19.93 trillion yuan, a year-on-year increase of 9.65%, slightly lower than the same period last year (13.46%) by 3.81 percentage points; It is 2.4 percentage points higher than the national industrial average (7.25%). The total profit was 1.35 trillion yuan, an increase of 11.24% year-on-year, 4.44 percentage points lower than the same period last year (15.68%); It is 5.93 percentage points higher than the national industrial average (5.31%). The total tax revenue was 726.6 billion yuan, an increase of 9.34% year-on-year, 10.26 percentage points lower than the same period last year (19.6%); It is 2.07 percentage points higher than the national industrial average (7.27%)

in terms of foreign trade import and export, the machinery industry achieved a total foreign trade import and export of 657.8 billion US dollars from January to November, an increase of 7.9% year-on-year, an increase of 4.96 percentage points over the same period last year (2.94%), and 4.5 percentage points higher than the national foreign trade (3.4%); Among them, the import was 293.6 billion US dollars, an increase of 8.04% year-on-year, an increase of 8.37 percentage points over the same period last year (-0.33%), and 7.57 percentage points higher than the National Foreign Trade (0.8%); Exports reached US $364.2 billion, a year-on-year increase of 7.79%, an increase of 2.06 percentage points over the same period last year (5.73%), 2.09 percentage points higher than the National Foreign Trade (5.7%), and achieved a trade surplus of US $70.58 billion, accounting for 21.23% of the national foreign trade surplus

from January to November last year, among the 64 major products monitored by the machinery industry, 45 products maintained growth, accounting for 70.3%, and 19 products decreased year-on-year, accounting for 29.7%. Representative products are: the cumulative output of power generation equipment from January to November has reached 137million kW, with a year-on-year increase of 9.2%. It is expected that the annual output will reach 140million kW, a record high. From January to November, the production and sales of automobiles both exceeded 21million, with a year-on-year increase of 7.21% and 6.14% respectively, and will exceed 23million in the whole year. From January to November, the cumulative output of metal cutting machine tools was 810000, with a year-on-year increase of 6.34%, of which the output of CNC machine tools was 235000, with a year-on-year increase of 16.87%, and the growth rate was much higher than that of full cutting machine tools. A total of 595000 large and medium-sized tractors were produced from January to November

b, operation characteristics:

the sub industries of the machinery industry under pressure are obviously differentiated. "Li Jian, a partner of Kearney, said at the development meeting that the growth rate of the industry slowed down month by month. Affected by the cold macroeconomic data, the difficulty of economic growth of the machinery industry has also increased. In the first three quarters of last year, China's GDP increased by 7.4% year-on-year. Among them, the first quarter increased by 7.4%, the second quarter increased by 7.5%, and the third quarter increased by 7.3%. The growth rate in the third quarter hit a new low in nearly 22 quarters. Industrial added value (Enterprises above national scale) increased by 8.3% from January to November, and increased by 7.2% in November, down 0.3% and 0.5% respectively from January to October, and continued to decline. The total retail sales of social consumer goods increased by 12% year-on-year in the first 11 months. Fixed asset investment (excluding farmers) increased by 15.8% year-on-year, down 4.1 percentage points from the same period last year. In terms of price data, CPI has been at a low level. In November, CPI made the indicator light on this key light up by 1.4% year-on-year, returning to the era of 1. PPI has been in a negative growth range for more than 20 consecutive months. In terms of power consumption, the growth rate in November was only 3.3%. According to the manufacturing purchasing managers' index, it was only 50.8% in November. These data reflect the current downward trend of the economy from one side

affected by weak macro demand, the growth rate of major economic indicators of the machinery industry continued to fall from January to November last year. The cumulative growth rate of the added value of the machinery industry slowed down month by month. From January to November, the growth rate of the added value of the machinery industry was affected by the decline in the growth rate of the general and special equipment industries, and the growth rate of the whole industry continued to slow down. From January to November, the added value of the machinery industry increased by 10.3%, down 0.3 percentage points from January to October. In November, it increased by 7.5%, down 1.6 percentage points from 9.1% in October. Except for the automobile manufacturing industry, the growth rate of industrial added value in the first 11 months of the machinery industry showed a slight decline in varying degrees

the differentiation between sub industries and products intensifies

among the 64 main products of the machinery industry published by the National Bureau of statistics, 45 products achieved year-on-year growth from January to November last year, accounting for 70.31%, and 19 products with year-on-year decline, accounting for 29.69%. Specifically:

automobile production and sales continued to grow slightly year-on-year, with passenger cars growing and commercial vehicles falling. From January to November, the main business income of the automotive industry increased by 12.14% year-on-year, down 4.7 percentage points from the first quarter. From January to November, the profit increased by 16.58% year-on-year, down 12.78 percentage points from the first quarter. The margin of profit decline was greater than that of production and sales

the output of the power generation equipment industry has increased year on year, but the benefits have fallen sharply. Among them, the output growth of wind power and photovoltaic power generation equipment rebounded significantly, and the thermal power equipment also increased, but the output of gas turbines decreased significantly (-30.77%). The situation of high-voltage power transmission and transformation industry is not as expected. AC motors, industrial electric furnaces, electric welding machines, etc. maintained growth

due to the low base of the previous year, the output of the machine tool industry with a large decline has turned to increase in 2014. From January to November, the metal cutting machine tool increased by 6.34% year-on-year, of which the CNC machine tool increased by 16.87%, 10.53 percentage points higher than the growth rate of the metal cutting machine tool

some products with large volume and wide range or related to national industrial policies, environmental protection, improving people's livelihood and so on continue to grow. For example, the output of compaction machinery, instruments and meters, fans, gas separation and liquefaction equipment, environmental protection equipment, electric forklifts, special packaging equipment, wind power equipment, offshore oil equipment, analytical instruments, optical instruments, etc. maintained growth, but the overall growth rate was not high. From January to November, the profit of the manufacturing industry of special equipment for environmental protection increased by 14.6% year-on-year, and the profit of the manufacturing industry of wind energy motive equipment increased by 37.06% year-on-year

the growth of products in industries related to investment in real estate, steel, coal and other industries is still sluggish, and the growth rate of excavators and loaders, the representative products of construction machinery from January to November, and the cumulative output growth of that month are still down year-on-year. The output of metal smelting equipment and metal rolling equipment in heavy machinery products still fell year-on-year, down 2.43% and 13.18% respectively. Among the profit growth, the crane manufacturing in the heavy machinery industry decreased by 3.29% year-on-year, and the manufacturing of special metallurgical equipment decreased by 92.61% year-on-year

large and medium-sized tractors, which have been growing rapidly for many years, have declined comprehensively due to the slowdown in market demand. Since 2014, although the situation of large and medium-sized tractors was acceptable at the beginning of the year, the output has declined month by month since then. From January to November, the cumulative output of large tractors increased by 7.1% year-on-year and 28.44% in the same month. It got rid of the continuous negative growth trend since last year, and the output of small and medium-sized tractors still increased negatively (by -7.85% and -13.52% respectively). From January to November, the main business income of the tractor industry decreased by 0.05% year-on-year, and the profit decreased by 23.88% year-on-year. Corn harvesting machinery increased by 40.86%, and harvesting machinery, primary processing machinery of agricultural products and post harvest processing machinery maintained a double-digit growth

Cai Weici believes that in the arduous process of upgrading, industry differentiation will inevitably intensify: first, the differentiation between different sub industries in the machinery industry will intensify, and second, the differentiation between different enterprises in the same industry will intensify. He also said that as long as we adhere to the market-oriented reform, there is no need to worry about the future of China's machinery industry