This year China Machinery Industry endogenous response capabilities will gradually increase, the industry is expected to maintain double-digit growth, export growth will be about 8%.

2013 China Machinery Industry stopped after two consecutive years of decline trend to achieve a medium-speed growth. In the "manufacturing power" in advance process, the development of power production growth has been supported by the product toward relying on product upgrades and innovative services to drive the direction of change.

According to reports from China Machinery Industry Federation has learned that in May 2014, China's machinery industry industry-wide economy steady progress, a whole industry into an industrial added value increased, the major indexes were significantly higher than the national industry average. Meanwhile, China's machinery industry also exist before May several problems, such as demand, prices are still in the doldrums, intensified competition.

It is worth noting that the differentiation between the Chinese machinery industry's major sub-sectors increased in the first half of this year, and the future will be a continuation of this trend. Moreover, downward pressure on the entire industry still exist, engineering machinery and agricultural industries more prominent.

All in all, the current Chinese machinery industry is shouldering an important mission to upgrade its internal and external environment in which the still complex, economic operation is still difficult.

China Machinery Industry Federation, the official pointed out that China's machinery industry to overcome adversity, we must abandon the expansion and extension of simply relying on price to compete for "economies of scale" competition mode as soon as possible. Also, in the products, services, business model innovation.

From this year, the overall demand will remain weak China's machinery industry, the development of the industry will remain stable in the main tone.

Insiders said that the current growth of the central and local steady play results, the second half is expected to further improve macroeconomic, which constitute a strong support China's machinery industry.