China news agency, Beijing, July 13 (Reporter Yan Xiaohong) China Machinery Industry Federation revealed on the 13th that from January to May 2018, the added value of China's machinery industry increased by 8.4% year-on-year, achieving a main business income of 9.27 trillion yuan (RMB) , the same below), an increase of 11.3%; the total profit reached 605.331 billion yuan, an increase of 5.81%. China's machinery industry is in a critical period of transformation and upgrading and moving towards high quality development.
According to reports, in the past year, the world economic situation is still complicated and changeable. After the efforts of the whole industry in the Chinese machinery industry, the economic operation has achieved double-digit growth, which is generally better than expected. Since the beginning of this year, the global economic situation has become increasingly severe, and China's machinery industry has entered an important barrier to upgrading quality and efficiency.
It is worth noting that among the 120 major products monitored by China's machinery industry, 40 of them were down.
The relevant person in charge of the China Machinery Industry Federation said that the machinery industry will not be smooth sailing in the process of transformation and upgrading and moving towards high-quality development. The whole industry must be ready to fight a protracted war. To achieve high-quality development, it is necessary to promote the development of the machinery industry from scale-speed growth to quality-effective development, from focusing on product quantity to focusing on product quality and brand creation, and greatly improving core competitiveness.
The machinery industry is an important force supporting China's import and export trade, and its total import and export volume accounts for 17.35% of the country's foreign trade. China's machinery industry will regard high-level opening up as an important strategy for achieving high-quality development, including industry development plans, expanding the international market in an all-round way, and improving the level of internationalization.