Luo Junjie, China Machinery Industry Federation: The overall production and sales situation of the machinery industry in the first half of the year is better than the same period last year. In the first half of the year, the production of generators increased by 60.5% year-on-year, while the production of solar cells increased by 18.2% year-on-year.

On August 4th, Luo Junjie, Vice Chairman of the China Machinery Industry Federation, stated at a press conference on the economic situation of the machinery industry that, with the combined effects of existing policies and a new round of "two new" policies, domestic market demand has improved, leading to overall better production and sales of machinery industry products compared to the same period last year. In the first half of the year, among the 122 key monitored products, 84 products showed year-on-year production growth, accounting for 68.9%, which is 7.4 percentage points higher than the same period last year; 38 products showed production decline year-on-year, accounting for 31.1%. The key characteristics of production and sales of key products are as follows: stable growth in automobile production and sales. In the first half of the year, automobile production and sales reached 15.621 million and 15.653 million respectively, with year-on-year growth of 12.5% and 11.4% respectively. Strong production and sales of electrical and electronic products. In the first half of the year, the production of generators increased by 60.5% year-on-year, solar cell production increased by 18.2% year-on-year, and representative products in the power transmission and distribution sector such as transformers, high-voltage switchgear, and electric wires and cables showed good production growth. Processing equipment continued to grow, with a clear trend towards intelligent upgrade. The production of metal cutting machine tools, metal forming machine tools, and industrial robots increased by 13.5%, 10.4%, and 35.6% respectively, with CNC machine tools growing faster than the overall level and rapid growth in industrial automation control systems. The overall construction machinery market is stable. In the first half of the year, cumulative sales of excavators reached 121,000 units, an increase of 16.8% year-on-year, with domestic sales increasing by 22.9%.