Date: 2013-07-31

China Machinery Output Seen to Slow

THE growth of Chinese machinery production will slow to 15 percent in 2009, the csaid in Beijing over the weekend.

The value of production gained 23.4 percent to 9.07 trillion yuan (US$1.3 trillion) in 2008 despite the impact of natural disasters and global financial crisis.

This marked the sixth consecutive year of more than 20 percent growth in the industry, said the federation's Vice Chairman Cai Weici as he reported on last year's industrial performance last Friday.

For the first 11 months last year, the industry made a profit of 460.5 billion yuan, up 16.42 percent from a year earlier, said Cai. But in the fourth quarter, especially December, the domestic industry suffered a steep drop in production and exports.

Despite the worst economic crisis in decades, China's machinery industry is expected to boost profit and exports by 10 percent in 2009, said Cai.

Previous: ZXY Awarded as High-tech Enterprise
Next: High Precision Machine Tool Bearings Produced in ZWZ

Hot Products:

Product Model	Inside Diameter	Outside Diameter	Thickness
HCB7214E.2RSD.T.P4S bearing	70	125	24
HCB7214C.2RSD.T.P4S bearing	70	125	24

【TradeBearings News Statement】

1.The news above mentioned with detailed source are from internet.We are trying our best to assure they are accurate ,timely and safe so as to let bearing users and sellers read more related info.However, it doesn't mean we agree with any point of view referred in above contents and we are not responsible for the authenticity. If you want to publish the news,please note the source and you will be legally responsible for the news published.
2.All news edited and translated by us are specially noted the source"TradeBearings".
3.For investors,please be cautious for all news.We don't bear any damage brought by late and inaccurate news.
4.If the news we published involves copyright of yours,just let us know.