Equipment manufacturing exports rebounded, investment products production growth
In the first half of 2010, the added value of the equipment industry increased by 23.4% year-on-year, and the growth rate accelerated by 14.2 percentage points year-on-year, down 2.3 percentage points from the first quarter. In June, the added value of the equipment industry increased by 18.9%, up 5.9 percentage points year-on-year, down 2.1 percentage points from the previous month. In the first half of the year, the export of equipment industry continued to rise. Most investment products produce faster growth. In the first half of the year, the production of investment products such as excavators, loaders and compaction machinery increased rapidly.
In June 2010, the added value of the equipment industry increased by 18.9%, up 5.9 percentage points year-on-year, down 2.1 percentage points from the previous month. Based on the same period of 2008, the average growth rate of the equipment industry in the first half of the past two years was 16.1%, with an average increase of 15.9% in June. From January to May, the machinery industry realized a profit of 362.6 billion yuan, a year-on-year increase of 82.8% (down 6.3% in the same period last year).
Exports continued to rise. In the first half of the year, the export delivery value of the equipment industry increased by 29.2% year-on-year, 5.1 percentage points faster than the first quarter and 6.6% over the same period of 2008. In June, it increased by 36.7% year-on-year and 9% quarter-on-quarter. According to customs statistics, in the first half of the year, the export of mechanical and electrical products was 417 billion US dollars, a year-on-year increase of 35.9%.
Most investment products produce faster growth. In the first half of the year, the output of excavators, loaders and compaction machinery increased by 64.9%, 54.3% and 79.3% respectively, the growth rate was 5.2, 10.9 and 21.8 percentage points higher than that in the first quarter; the output of cement, refining and chemical special equipment increased by 66.4 respectively. % and 52.3%, down 50.1 and 7.2 percentage points from the first quarter; metal forming machine tools and metal cutting machine tools increased by 27.7% and 25.7% respectively, up by 9.9 and 2.2 percentage points from the first quarter. In June, the output of excavators, loaders and compaction machinery increased by 53.7%, 83.5% and 63.6%, respectively, but the chain ratio decreased; the output of cement special equipment increased by 15%, down 14.5 percentage points from the previous month; Equipment output decreased by 8.8%, and the first year of the year was negative year-on-year; metal forming machine tools and metal cutting machine tools increased by 29.4% and 32% respectively.
Shipbuilding industry continues to grow. In the first half of the year, the national shipbuilding completion volume was 20.63 million DWT, an increase of 86.7% over the same period of last year; the newly-accepted ship order volume was 23.78 million DWT, which was four times the new order received in the same period of last year; as of the end of June, the hand-held ship order volume was 184.27 million DWT. By the end of 2009, handheld orders fell by 2.1%. National shipbuilding completions, new orders, and hand-held orders accounted for 41.1%, 46.2%, and 37.7% of the world market share, respectively.
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