The Overall Market Recovery Of China Heavy Machinery Industry

- Jul 04, 2018 -

In April 19th, the three member congress of the seven China Heavy Machinery Industry Association and the four Council of the seven session were held in Beijing. The Heavy Machinery Association announced the latest 2017 industry data at the meeting. In 2017, in the steady growth, structural adjustment and "three reduction, one go, one subsidy".

In April 19th, the three member congress of the seven China Heavy Machinery Industry Association and the four Council of the seven session were held in Beijing. The Heavy Machinery Association announced the latest 2017 industry data at the meeting.


In 2017, in the steady growth, the adjustment structure and the "three drop to one supplement", the heavy machinery market continued to revive in the second half of 2016, showing a continuing growth trend. The annual revenue of the main business reached 1 trillion and 200 billion yuan, the growth rate reached 8.2%, the profit rate was 5.1%, the year-on-year increase of 0.2 percentage points, the total industry import and export total of 21 billion 858 million US dollars, the year-on-year increase of 6.1%.


Since 2012, the growth of industry main revenue has gradually returned from high speed to medium and low speed. In 2015, the growth of industry to the lowest point is 0.6%, in 2016 to 1.5%, and in 2107 continues to grow. The industry has entered a new stage of development, and the overall trend is steady and good. However, the industry shuffle is still continuing, the industry enterprises in the production and production and shutdown, re production and transfer merger and decomposition intertwined together, accounts receivable slightly decreased but still high.