China Machinery Industry Federation: The production and investment in China's machinery industry are maintaining a growth trend.
On August 24, the WeChat public account of the China Machinery Industry Federation reported that since the beginning of this year, the production and investment in China's machinery industry have maintained a growth trend. The latest data shows that from January to July this year, the value added of five major industries involved in the machinery industry has maintained a year-on-year growth trend. Among them, the general equipment manufacturing industry grew by 8.3% year-on-year; the special equipment manufacturing industry grew by 3.8% year-on-year; the automobile manufacturing industry grew by 10.9% year-on-year; the electrical machinery and equipment manufacturing industry grew by 11.9% year-on-year; and the instrument manufacturing industry grew by 7.1% year-on-year.
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