Date: 2013-07-31

China Machinery Industry See Strong Growth Troughout Nov.

China Machinery Industry See Strong Growth Troughout Nov.

China's machinery industry achieved fast and stable growth in production and sales throughout November, reported by China's Machinery Industry Federation recently in China Industry News.

Of the 95 primary products, 85 witnessed a year-on-year increase in output in the first 11 months, 70 increased by a double-digit percentage, and 10 declined from a year ago. Up to November, output of about 75% of the 95 products even surpassed the sum of the prior year.

The gross output value and sales value, a growth of above 29%, was maintained in the second half year. And it went up to 30% in November.

In the first 11 months, China's gross values of industry output totaled RMB4,906.347 billion, 30% higher than the total of last year, the sales value reached RMB4,772.885 billion, up 29.76%.

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