In the days before the China Machine Tool Industry Association sponsored "intelligent manufacturing development seminar, China Machinery Industry Federation special adviser Cai Weici pointed out that China's machinery industry is facing severe challenges under the new normal, mainly on the grounds of demand by investors to pile up in excess of requirement, driven to innovation driven, by capacity expansion to quality and efficiency.

In the 1-9 months of this year, the growth rate of the machinery industry is not only higher than the average level of the industry, but also higher than the same period last year, and the profit growth is higher than the main revenue during the same period, thus laying a good foundation for the steady growth of the whole year. At present, the main economic indicators of the machinery industry keep growing, the development trend is stable and good, the main indicators are growing faster than expected, and the market confidence is steadily improving.

Economic operation index steadily to the good

In 2017, 1-8 months, the machinery industry economic operation index steadily to the good. 1-8 months, machinery industry added value increased by 11%, compared with 1~7 months (10.9%) accelerated 0.1 percentage points, higher than the same period last year machinery industry growth rate (8.7%) 2.3 percentage points; continue to be higher than the national industry (6.7%) and manufacturing (7.2%) 4.3, 3.8 percentage points.

In the major categories of industries, the automotive industry continues to lead the whole industry growth, 1-8 months of industrial added value increased by 13.1%, higher than the industry average of 2.1 percentage points.

Electrical machinery and equipment manufacturing industry increased slightly month by month. 1-8 year-on-year growth of 10.4%, faster than 1~7 month (10%) 0.4 percentage points, compared with the same period last year growth rate (8.8%) increased by 1.6 percentage points. General equipment manufacturing, special equipment manufacturing industry in the same period last year, the base is low, rebounded 1-8 months in 2017, an increase of 11.1%, 12.1%, respectively, compared with the same period last year growth rate (4.6%, 5.4%), respectively, accelerated by 6.6, 6.7 percentage points.

1-8 months, in the machinery industry key monitoring of the 119 main product output, an increase of 91 kinds of products, accounting for 76.47%; decline of 28 products, accounting for 23.53%. Especially the mining shovel transport machinery, compaction machinery, industrial automation control system, special instrument of environmental monitoring, optical instrument, camera, printing equipment, CNC machine tools, metal cutting device, large power transformer low voltage switch board, industrial boiler, rolling bearing, powder metallurgy parts, springs, metal containers are from the previous year down to two digit growth.

Before August, the benefit situation of the machinery industry continued to improve, and the automobile and electrical and electrical equipment industry remained the main supporting force. Non automotive industry new profits of 81 billion 781 million yuan, accounting for 65.64% of the machinery industry's new profits, pulling machinery industry profit growth of 9.64 percentage points. Among the non automotive industry, the construction machinery industry, instrumentation and petrochemical general industry increased the profit margins of machinery industry by more than one percentage point, significantly better than the previous year.

Industrial Price Index picks up slowly

In 2017 August, the factory price of industrial producer in China increased by 6.3% compared with the same period of last year, and the price of national means of production rose by 8.3% compared with the same period. The producer price index of machinery industry only increased by 0.7%, still lower than the producer price index of industrial and raw material producer.

In August, the producer price index of general equipment manufacturing industry rose by 0.8% compared with the same period, the special equipment manufacturing industry rose by 0.7% compared with the same period, the electrical machinery and equipment manufacturing industry rose by 2.4% compared with the same period, the automobile manufacturing industry dropped by 0.1% compared with the same period, and the instrument manufacturing industry dropped by 0.2% year-on-year.

The downturn in foreign trade imports and exports has improved, and the growth rate has continued to grow. Foreign trade import and export are out of last year fell 1~7 months of decline, import and export of machinery industry totaled $395 billion 439 million, an increase of 8.91% (previous year -6.95%), over the same period last year the growth rate increased 15.86 percentage points; which imports $167 billion 816 million, an increase of 11.78% (previous year -8.06%), an increase of 19.84 percentage points; exports of $227 billion 623 million. (an increase of 6.88% over the same period last year -6.16%), an increase of 13.04 percentage points; foreign trade import and export growth rate from the previous year each month fell to growth year-on-year, imports grew faster than export growth rate of 5.09 percentage points. Machinery industry to achieve trade surplus of 59 billion 807 million U.S. dollars.

1~7 months, machinery industry import and export growth rate is lower than the national foreign trade growth rate by 3.39 percentage points. Among them, exports are lower than the national trade 1.42 percentage points, imports lower than the national foreign trade 5.92 percentage points.

The eastern region is an important support for the foreign trade growth of the machinery industry. Before July, the export of machinery industry in the eastern region was 203 billion 647 million US dollars, an increase of 6.33%, accounting for 89.47% of the export of machinery industry, which played an important support for the steady growth of the export of machinery industry.

From the growth perspective, the central region import and export growth rate was faster than the eastern and western regions, the central region of 1~7 months of imports grew 25.51%, faster than the eastern and western regions of 15.15 and 13.31 percentage points, the central region of export growth of 15.72%, faster than the eastern and western regions of 9.39 and 9.7 percentage points.

Investment in fixed assets remains low

1-8 machinery industry realized a total investment in fixed assets 3 trillion and 276 billion 650 million yuan, an increase of 3.2% over the same period last year (2.49%) increased 0.71 percentage points lower than the same period in the whole society, the growth rate of fixed asset investment (7.8%) 4.6 percentage points lower than the manufacturing industry (4.5%) 1.3 percentage points, the growth rate has remained low.

1-8 months, the machinery industry and the national, manufacturing investment growth rate in August, the mechanical industry in the month of fixed asset investment 419 billion 799 million yuan, down 2.27%, an increase of 1.24 percentage points lower than 1~7 (-1.03%) decline.

Capital decline continued to narrow. 1-8 months, the actual capital of machinery industry in place 3 trillion and 94 billion 28 million yuan, down 2.11%, a decline of 1.78 percentage points lower than 1~7 months,