China Machinery Universal Parts Industry


With the issuance of the 12th Five-Year Plan for the “Three-base” industry (mechanical components, basic manufacturing processes, and basic materials) at the end of 2011, the Chinese general machinery parts industry has also ushered in a new period of development.

Experts said that China's machinery parts and components industry is in a competitive model to upgrade the blowout period, and companies have taken actions to pay attention to strengthening independent innovation and strengthening brand building to the international market. To a certain extent, the industry has entered a new stage of historical development called "destroying the butterfly."

Accelerated structural transformation, initial success in transformation and upgrading, increasingly obvious agglomeration effects, and increasingly optimized resource allocation. Association experts believe that China's machinery parts and components industry will expand rapidly during the "Eleventh Five-Year Plan" period and enter the medium-term growth period of "Greater Changes" during the "12th Five-Year Plan" period.

It is understood that in 2011, the total output value of the Chinese general machinery parts industry reached 303.7 billion yuan, a year-on-year increase of 21%, a record high. The good situation continued. In the first half of 2012, China's machinery parts and components industry still achieved good development results under conditions of adverse international and domestic development environment. According to data from the China General Parts Association, in the first half of the year, the industry achieved a total output value of 151 billion yuan, an increase of 4.2% year-on-year, of which the growth rate of gears, chains, springs, and transmission couplings was 4 to 8%. Only the fasteners and powder metallurgy industries recorded a negative year-on-year growth; the total industry import value was 8.213 billion U.S. dollars, an increase of -0.67% year-on-year; the industry's total export value was 5.656 billion U.S. dollars, an increase of 15.8% year-on-year. The industry's exports have become mechanical The highlights of the development of the general parts industry.

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