China's equipment manufacturing industry's added value up 10.6% year-on-year in January-February - Chinese report

According to the China Machinery Industry Federation, in January and February of this year, the added value of China's equipment manufacturing industry increased by 10.6% compared to the same period last year, and the added value of the high-tech manufacturing industry increased by 9.1%.
The latest data shows that the growth rate of industrial value added in the three major manufacturing sectors of general equipment, automobiles, and electrical machinery and equipment in January and February was
The figures were 9.5%, 12%, and 12%, respectively. These figures exceeded the national industrial added value growth rate and contributed greatly to industrial growth. In addition, of the 122 major products in the machinery industry that were included in the priority monitoring during the same period,
The production volume of 88 types of products increased from the same period last year, accounting for 72.1% of the total, a new record high. According to a source from the association, new policies have been implemented this year to revitalize the market.
"In January and February, automobile production and sales continued to be strong. The tourism market also boomed, and production of digital cameras and other products increased rapidly. In the energy sector, the construction of large-scale facilities
"The pace of renewal has accelerated, and production of power generation equipment, transformer equipment, petrochemical equipment and other industrial equipment has increased significantly, and the manufacture of high-end equipment has supported the steady development of the industrial economy."