China News Service, Beijing, February 5 (Reporter Ruan Yulin, Yan Xiaohong) Data released by the China Machinery Industry Federation in Beijing on the 5th showed that the added value of China's machinery industry will increase by 8.7% year-on-year in 2023, with electrical machinery and automobiles playing a prominent leading role.
Ye Dingda, chief economist of the China Machinery Industry Federation, told reporters on the 5th that although the economic operation of China's machinery industry will experience fluctuations in 2023, the overall operating situation will be good.
As of the end of 2023, the number of enterprises above designated size in China's machinery industry was 121,000, an increase of 10,000 from the previous year, accounting for 25% of the country's industrial enterprises above designated size, an increase of 0.3 percentage points from the previous year; total assets reached 36 trillion yuan (RMB, the same below), a year-on-year increase of 9.9%, accounting for 21.5% of the total assets of industrial enterprises above designated size in the country, an increase of 0.7 percentage points from the previous year.
In 2023, the added value of China's machinery industry will increase by 8.7% year-on-year, which is 4.1 and 3.7 percentage points higher than the national industrial and manufacturing growth rates. The added value of the five national economic industries mainly involved in the machinery industry all increased, with electrical machinery and automobiles playing a prominent leading role.
According to reports, in 2023, the machinery industry will effectively respond to risk challenges, adhere to the leadership of scientific and technological innovation, accelerate transformation and upgrading, improve quality and efficiency. For the whole year, China's machinery industry achieved operating income of 29.8 trillion yuan, a year-on-year increase of 6.8%; total profits were nearly 1.8 trillion yuan, a year-on-year increase of 4.1%. The growth rates of operating income and total profit were 5.7 and 6.4 percentage points higher than that of the national industry respectively, accounting for 22.3% and 22.8% of the national industry respectively.
In 2023, China's machinery industry withstood multiple pressures, and its foreign trade rose steadily and hit a new high. Statistics show that China's machinery industry's total foreign trade import and export volume will reach US$1.09 trillion in 2023, a year-on-year increase of 1.7%, exceeding US$1 trillion for the third consecutive year.
Ye Dingda said that in 2023, China's machinery industry's foreign trade exports not only achieved reasonable growth in quantity, but also achieved effective qualitative improvements in terms of growth momentum and trade structure. (over)