On November 24, 2011, the Office of Coordination of Operational Monitoring of the Ministry of Industry and Information Technology and the Institute of Industrial Economics of the Chinese Academy of Social Sciences jointly issued the “Report on the Fall of China's Industrial Economy in 2011”.

The report shows that due to policy adjustments and changes in the market, the growth rate of the equipment manufacturing industry has dropped significantly. According to the data provided by the National Bureau of Statistics, from January to October 2011, the value-added of the equipment manufacturing industry increased by 15.5% year-on-year, still faster than all the above-scale industries, but the declining trend was very obvious. The first quarter increased by 17.8%, the second and third quarters. Retreated to 14.5% and 13.9%, respectively. In September and September, the two-month growth rate rebounded and stabilized at 14.4%. The growth rate of general equipment manufacturing and special equipment manufacturing also showed a trend of stabilization and recovery. The added value of manufacturing increased by about 15% from the previous year. The growth rate of export growth has also changed significantly. From January to October, the value of export delivery of equipment manufacturing increased by 22.4%, of which 9.8% and 20.9% rose in September and October respectively.

2012 is a crucial and important year for the implementation of the 12th Five-Year Plan for Industrial Transformation and Upgrade. Comprehensively enhancing the level of industrial development is inseparable from the strong support of the equipment manufacturing industry. Vigorously developing high-end equipment manufacturing industry will also be conducive to upgrading the equipment manufacturing industry. Its own level of development, at the same time, increasing investment in infrastructure in key areas will continue to drive the growth of construction machinery and other industries. With no major decline in exports, it is expected that the equipment manufacturing industry will maintain a fairly rapid growth rate compared to 2011.

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