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. As of the end of 2023, the number of enterprises above designated size in the machinery industry was 121,000, an increase of 10,000 from the previous year.
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,. 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.