China Machinery Industry Federation: Value Added in the Machinery Industry Maintained Year-on-Year Growth in the First Two Months of This Year
Release time:
2026-03-30 11:15
Source:
CCTV News Client
In the first two months of this year, China’s machinery industry posted a strong start in both production and investment. Growth in output and supply accelerated, market demand remained steady and on the rise, new drivers of productivity expanded and strengthened, and overall economic performance got off to a robust beginning, laying a solid foundation for continued growth.
According to the China Machinery Industry Federation, the first two months of this year have seen a strong start for China’s machinery industry in terms of production and investment. Production and supply have expanded at an accelerated pace, market demand has remained stable while gradually picking up, new-quality productive forces have grown and strengthened, and overall economic performance has gotten off to a robust start, resulting in a favorable beginning.
From January to February this year, the value added of the five major categories of industries in the machinery sector all maintained year-on-year growth. Specifically, general equipment manufacturing grew by 8.9%, special-purpose equipment manufacturing by 8.8%, automobile manufacturing by 3.4%, electrical machinery and equipment manufacturing by 8.7%, and instrument and meter manufacturing by 7.8%. Notably, during the first two months of this year, the equipment manufacturing sector exhibited strong growth, with its value added increasing by 9.3% year on year—3.0 percentage points faster than the overall growth rate of value added in industries above designated size.
A spokesperson for the China Machinery Industry Federation stated that, as the inaugural year of the 15th Five-Year Plan period, the equipment manufacturing sector in 2026 will focus on intelligentization, green development, and integration, thereby advancing the establishment of a modern industrial system with advanced manufacturing as its backbone.
Xu Niansha, President of the China Machinery Industry Federation: In terms of implementation, we must focus on “three areas of reinforcement”: strengthening the reconstruction of the industrial foundation by concentrating on tackling key bottlenecks in areas such as machine tools, high-end chips, and basic software; intensifying research and development of major technological equipment to advance the R&D of landmark products including high-end medical devices, precision instruments and meters, and advanced agricultural machinery; and bolstering quality and brand building to enhance the international reputation of “Made in China.”
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