In this year, the industry of mechanical industry maintained a steady and healthy development trend. The major economic indicators are better than expected, reversing the trend that foreign trade growth fell down year-on-year. According to data which was provided by China Machinery Industry Federation, from January to July, the accumulative amount of import and export of mechanical industry is $395.439 billion, with year-on-year growth of 8.91%, while exports are close to 1678.16 hundred million dollars, reversing the decline in import and export growth of machinery industry last year.

The production of mechanical industrial products is relevant to consumer markets, environment-friendly, green manufacture, transformation and upgrading of the smart manufacturing industries. National key projects around infrastructure construction all have achieved rapid growth.President of China machinery industry federation, Mr.Wang Ruixiang introduced that, from January to August, among 119 main products which was monitored in machinery industry , production implementation of year-on-year growth are 91 kinds, accounted for 76.47%, among which 42 kinds of products increased in production amount from the previous year fell to a year-on-year. There were 17.678 million and 17.511 million in automobile production and sale respectively, year-on-year growth of 4.7% and 4.7% respectively.

Industry economic profits continue to improve. From the income of new main business, from January to July, internal combustion engine, engineering machinery, instrumentation year-on-year growth are 21.5%,14.93% and15.28% respectively. Speed of growth ranks top three in the industry. The profits of three industry year-on-year growth are 58.18% 81.2% and 30.48%.Considering the new main business income accounting, the non-automotive industry accounted for 65.64%, an increase of 16.69% over the last year. Based on profit increased recently, the non-automobile industry accounted for 65.64%, an increase of 14.68% over the last year while automobile industry accounts for 34.36% and The electrical appliance industry accounted for 13.7%.

What we must pay attention to is Industry fixed asset investment growth is still in low operation. On the other hand, the pressure from labor cost is still great which reflected in the increase of labor expense, financial expense, logistics expense and the price of raw materials. From January to July, the main business costs of the machinery industry grew 11.52 percent year on year, which increased compared with the same period a year ago.

In the same time, the structural contradictions accumulated in a long time have not been fundamentally changed. Market downturn, the shortage of orders, excess capacity, slow-rapid investment and other factors restrict the upgrading of the mechanical industry.

 It’s predicted by Wang Ruixiang that machinery industry operation will continue to be in the good situation in this year,The added value of the industry will grow about 8%. Main business profit and total profit will grow about 8%.The industry's foreign trade achieved modest growth in exports.