China's equipment manufacturing industry boom index rebounded

September 22 09:13:53, 2020

Abstract The Machinery Industry Information Research Institute hosted the "Spring Training Conference for Mechanics Think Tanks" on the 18th. The prosperity index of China's equipment manufacturing industry was released. Since the beginning of this year, China's equipment manufacturing industry has started well, with growth exceeding expectations and downward pressure...
The Machinery Industry Information Research Institute hosted the "Spring Training Conference for Mechanics Think Tanks" on the 18th. The China Equipment Manufacturing Industry Climate Index released at the meeting showed a rebound. Since the beginning of this year, China's equipment manufacturing industry has started well, growth has exceeded expectations, downward pressure has slowed down, and exports have turned from negative to positive.
The latest data shows that from January to February this year, China's equipment manufacturing industry early warning index was 100, ending the two-year light blue light district, from the light blue light district to the green light district, which is close to the growth level in 2006. According to reports, the equipment manufacturing industry early warning index "red light", "yellow light", "green light", "light blue" and "blue light" respectively represent "overheating", "hot", "stable", "cold" and "cold".
The “Machine Intelligence Think Tank” predicts and suggests that the export of equipment manufacturing industry is expected to show a slight positive growth in the next two months, but there are still many uncertain factors in the future. Although the value-added of equipment industry and the growth rate of output of major products in January-February this year have increased significantly compared with the same period of 2016, the main reason is that the base figure in the same period of 2016 is relatively low. At present, the overall operation of the equipment manufacturing industry is still in a contraction period. It is difficult to say that the overall “recovery” and even there are still downside risks. From the perspective of the whole year, it will maintain a steady overall growth, but the high and low operating conditions will gradually emerge. In the long run, the proportion of China's equipment manufacturing industry in global equipment production and exports will increase steadily.

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