Development Status and Prospects of China's Major Machinery Industry

From the current overall situation of the development of the national economy and the growth potential of the machinery industry, the development of the machinery industry faces both challenges and opportunities. According to analysis, the major industry trends are as follows:
Agricultural machinery industry: As the country continues to strengthen its investment in agriculture and the implementation of a policy of smooth purchase of agricultural products, it is expected that the decline in the production of large-scale agricultural machinery products will be significantly reduced, the agricultural transportation machinery will maintain a moderate growth, and the market demand for some small-scale and specialized agricultural machinery will remain stable. However, due to factors such as slower growth of income of farmers and income diversion, it is expected that the state of low-speed growth of agricultural machinery production cannot be reversed.
Construction Machinery Industry: It is expected that as the country's investment in railways, highways, airports, docks and urban public infrastructure projects is strengthened, the market demand for construction machinery products in the domestic market will improve. Although the increase in enterprise production this year will be lower than last year, the construction machinery industry will maintain a moderate growth throughout the year.
Instrumentation industry: From the perspective of the current development of major instrument products, the market demand for investment instruments is expected to improve. Due to the promotion of housing system reform, it is expected that the demand for various water meters and meters will gradually stabilize, optical instruments and consumer products. The instrument will be able to continue to maintain the current growth trend, and the annual production growth will be around 5%.
General petrochemical industry: Since the petrochemical general-purpose equipment industry has a wide range of auxiliary equipment manufacturing with a wide range of products, although the increase in production of this industry has declined month by month, it is still basically modest compared with other machinery manufacturing industries. From the perspective of the main products, due to the development of offshore oil, oil drilling and drilling, refining and chemical equipment have maintained a certain growth; the production of gas compressors and high and medium pressure valves has been related to the sluggish production in the fertilizer industry, and the decline has been relatively large. Judging from the current development prospects of relevant industries, the general petrochemical industry will have a turning point in the future and production growth will recover. In particular, the state increases the production of synthetic ammonia with an annual output of 300,000 tons or more, urea, and 480,000 tons or more, and 300,000 tons. The above technical transformation of ethylene equipment will promote the steady growth of demand.
Electrician and electric appliance industry: From the current economic operating status of the electrician industry, the economic situation of the industry will be further improved, especially the thermal power unit below 600,000 kilowatts required for the country to decide to build a new power plant and transform the old factory will use domestic equipment. Strengthen the medium and low pressure condensing units, the old units and the key main units, and stop and dispose 10 million kilowatts of medium and low-voltage small thermal power units within 3 years. Concentrating funds to accelerate the construction and transformation of the power grid, especially the urban power grid and rural power grids, will undoubtedly promote the development of the electrician industry. At the same time, it should also be noted that the supply of funds to some large-scale mainframe plants in the electrical industry is particularly troubled by the triangle debt, which will adversely affect the normal production and operation of the next electrician company.