Machinery industry performs well in Jan-Feb

The total fulfilled industrial output value of the industry was 660.24 billion yuan (US$82.4 billion) in the first two months of this year, up 29.4% year on year, 8.05 percentage points higher than in thesame period of 2005; and the sales value, 635.152 billion yuan, up 29.42%, 8.09 percentage points higher.

By sector, the top six sectors in terms of production growth were engineering machinery, which grew 47.49%; heavy-duty mining equipment, 34.75%; farm machinery, 34.62%; automaking, 32.69%; instruments and meters, 32.48%; and electrical engineering and appliances, 30.27%.

Of the 95 kinds of major products for which statistics were recorded, 75 reported output growth in the first two months. To be specific, the output of large and mid-size tractors grew 68.56%; that of compacting press, 63.48%; that of oil refining chemical equipment, 93.98%; that of noise and vibration control equipment, 233.33%; that of air pollution control equipment, 67.09%; that of paper making equipment, 77.59%; that of casting equipment, 84.39%; that of car, 83.07%; that of environment monitoring meters and instruments, 40.51%; that of digital camera, 21.32%; that of mining equipment, 26.94%; that of crane equipment, 28.6%; that of steam turbine generating units, 34.28%; that of power station steam turbines, 37.83%; and that of cross-country vehicles, 46.59%.

The sales/production ratio of mechanical products was 96.2% in the first two months, higher than the 95.8% in the same period of 2005 but 0.79 percentage points lower than the average level for industrial products.

By sector, the sales/production ratio for cultural and office articles was 100.07%; that of motor vehicles, 97.43%; that of universal basic parts, 96.9%; that of electrical engineering and appliances, 96.47%; that of farm machinery, 95.15%; that of petrochemical sector, 94.9%; that of engineering machinery, 87.41%; and that of internal-combustion machinery, 89.07%.

The export deliveries of machine-building industry totaled 105.413 billion yuan in the first two months of the year, up 23.82% year on year, but the growth was 5.15 percentage points lower than at the end of 2005 and 19.19 percentage points lower than in the same period of 2005.

(Asia Pulse/XIC)

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