"Report cards" are out, with the mechanical industry's production and investment both showing steady growth from January to April.
Reporters learned from the China Machinery Industry Federation that the production and investment in China's machinery industry have both shown steady growth from January to April this year. The latest data shows that in the first four months of this year, the value added in the five major industries mainly involved in the machinery industry has maintained a growth trend year-on-year. The general equipment manufacturing industry grew by 9%, the special equipment manufacturing industry grew by 4%, the automobile manufacturing industry grew by 11.2%, the electrical machinery and equipment manufacturing industry grew by 12.7%, and the instrument and meter manufacturing industry grew by 9.2%. In terms of fixed asset investment, the general equipment manufacturing industry grew by 17.9%, the special equipment manufacturing industry grew by 8.4%, the automobile manufacturing industry grew by 23.6%, the electrical machinery and equipment manufacturing industry declined by 7.5%, and the instrument and meter manufacturing industry declined by 15.1%. The China Machinery Industry Federation stated that among representative products in the machinery industry, the cumulative output of metal cutting machine tools was 260,000 units, a year-on-year increase of 16.8%; the cumulative output of industrial robots was 221,000 sets, a year-on-year increase of 34.1%, showing strong growth momentum.
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