国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

Business / Industries

China's machinery industry to maintain slow growth

(Xinhua) Updated: 2012-11-26 09:32

BEIJING - China's machinery industry should brace for continuing hardships and seek higher growth quality, as the industry was being hit hard by the country's economic slowdown, an expert said Sunday.

Cai Weici, vice-president of the China Machinery Industry Federation, said at a news briefing that the industry had experienced a persistent downward trend since the beginning of the year.

This has been illustrated by all major indices, including value-added output, profits and fixed asset investment.

The machinery industry's value-added output grew by 8.6 percent in the first nine months, 1.3 percentage points lower than the average growth rate of all industries during the same period, according to federation data.

A poll showed that orders received by companies tracked by the CMIF dropped 0.35 percent year-on-year during the first three quarters, indicating that the sector is still facing weak demand.

"At present, the growth rate of the sector is basically at its slowest level, but it is not likely to see any large further declines in the future," Cai said

He predicted that the industry will maintain the low level of growth in the fourth quarter.

The industry should brace for continuous hardship in the year to come and manufacturers will still face strong pressures of restructuring and upgrading to achieve sustainable growth, Cai said.

China's economy grew by 7.4 percent year-on-year in the third quarter, slowing for the seventh straight quarter and down from 7.6 percent in the second quarter and 8.1 percent in the first quarter, according to the National Bureau of Statistics.

"The machinery industry's growth has slowed down to a moderate speed after a period of rapid expansion," Cai said.

On the one hand, economic growth tends to slow down as demand gradually drops as China advances into the middle and latter stage of industrialization, he explained.

He said the sector will find it hard to maintain very high growth rates in the future, but it can still achieve moderate increases.

"New strategic industries including high-end equipment manufacturing will eventually become new pillars for the sector's sustainable growth," according to Cai.

China's 12th Five-Year Program for the 2011-2015 period made it clear that China would support seven new strategic industries, including new information technology, energy conservation and environmental protection, new energy, biology, new materials, high-end equipment manufacturing, and new-energy cars.

Among the seven industries, both high-end equipment manufacturing and new-energy cars belong to the machinery industry.

Cai said growth at a moderate speed is not necessarily a bad thing.

"Moderate growth of higher quality is more desirable than rapid growth of poor quality and the industry should dedicate itself to achieving this kind of high-quality growth," he said.

 

Hot Topics

Editor's Picks
...
河间市| 扎兰屯市| 光山县| 巴东县| 濮阳市| 肥东县| 额尔古纳市| 尼玛县| 青川县| 修水县| 垣曲县| 得荣县| 万载县| 阳曲县| 千阳县| 卢氏县| 涞水县| 南岸区| 齐齐哈尔市| 晋州市| 盐源县| 龙泉市| 张掖市| 旌德县| 彝良县| 磴口县| 连平县| 三江| 安阳市| 泽普县| 大田县| 日喀则市| 乐平市| 揭西县| 丰台区| 当涂县| 阳山县| 灵台县| 巴林右旗| 兴仁县| 西青区|