Development trend of China's machinery industry market in 2021

Data from the National Bureau of Statistics show that in 2020, the growth rate of the added value of the machinery industry for the whole year will increase by 6% year-on-year, which is 3.2 percentage points higher than the growth rate of the national industrial added value for the whole year. Looking forward to 2021, as the first year of the "14th Five-Year Plan", the launch of major projects and major projects, the gradual formation of a new development pattern with the domestic cycle as the main body and the mutual promotion of the domestic and international double cycles, will bring the steady development of the machinery industry The corresponding market demand came.

According to the prediction of the China Machinery Industry Federation, the overall economic operation of the machinery industry in 2021 will show a trend of high before the end, and the annual industrial added value growth rate will be around 5.5%.

Looking back at the development history of China's machinery industry, since its establishment, it has made great achievements in several major areas including production concentration, technological progress, independent innovation, asset reorganization, and industrial structure optimization. In the new development period, China's machinery industry will be in the future. The development prospects of the company are still huge.