Import, export of machine-building industry grow 28.91pc in China
Tuesday, 17 July 2007
BEIJING, July 16 (CEIS): China's import and export of machine- building industry totaled 134.924 billion US dollars in the first five months of this year, up 28.91 per cent year on year, 5.21 per centage points higher than the growth of China's total foreign trade import and export.
For the first time, the export of general trade is high than that of processing trade, changing the situation existing in machine-building industry of export of processing trade being long higher than that of general trade.
Addressing the meeting of China Machinery Industry Federation (CMIF) on economic operation in the first half of 2007, Zhu Sendi, vice president of the federation disclosed that export of the industry was 71.3 billion dollars in the first five months, up 38.98 per cent year on year; and import, 63.673 billion dollars, up 19.23 per cent.
The proportion of export of general trade and export of processing trade in total export volume of machine building industry was 49.12 per cent and 45.72 per cent respectively.
Export of general trade of machine building industry was 35.023 billion dollars in the first five months, up 44.75 per cent year on year; and that of processing trade of the industry, 32.604 billion dollars, up 32.32 per cent.
It is learned that China's trade with EU, Japan and the United State all grew at two-digit numbers in the first five months. China' s trade with EU totaled 32.695 billion dollars, up 31.81 per cent year on year; that with Japan, 25.533 billion dollars, up 18.93 per cent; and that with the United States, 19.41 billion dollars, up 22.01 per cent.
Zhu also disclosed that the investment, consumption and export of machine building industry have kept growing in the first five months, and the self-supply rate of equipment has increased.
Preliminary estimation shows that the self-supply rate of mechanical products reached 80.3 per cent in the first five months, 1. 4 per centage points higher than the 78.9 per cent in the same period of 2006. China's machine building industry relied on import for only 19.7 per cent of the products, also 1.4 per centage points lower than the 21.1 per cent in the same period of 2006.
Large scale machine building enterprises in China generated 146.688 billion yuan in profit in the first five months of this year, a record high and up 47.53 per cent year on year.
CMIF statistics show that the output value fulfilled by large scale enterprises of the industry reached 2.66 trillion yuan in the first five months, up 31.76 per cent year on year.
Except farm machinery, internal combustion engine, and food packing machinery, profit of other sectors all grew at two-digit numbers. Profit of State-owned enterprises has grown steadily at a rate higher than that for all enterprises of other ownerships.
To be specific, profit of State-owned, nongovernmental and foreign-funded enterprises grew 56.6 per cent, 40.5 per cent and 50.01 per cent year on year respectively.
China produced a total of 44,200 digitally controlled machine tools in the first five months of this year, up 30.77 per cent year on year. The output in the whole year of 2007 is expected to exceed 100, 000 units.
China's import of digitally controlled machine tools reached 5.32 billion dollars in 2006, and import, 334 million dollars. China now mainly imports large and heavy-type high-precision digitally control machine tools that cannot be produced locally.
For the first time, the export of general trade is high than that of processing trade, changing the situation existing in machine-building industry of export of processing trade being long higher than that of general trade.
Addressing the meeting of China Machinery Industry Federation (CMIF) on economic operation in the first half of 2007, Zhu Sendi, vice president of the federation disclosed that export of the industry was 71.3 billion dollars in the first five months, up 38.98 per cent year on year; and import, 63.673 billion dollars, up 19.23 per cent.
The proportion of export of general trade and export of processing trade in total export volume of machine building industry was 49.12 per cent and 45.72 per cent respectively.
Export of general trade of machine building industry was 35.023 billion dollars in the first five months, up 44.75 per cent year on year; and that of processing trade of the industry, 32.604 billion dollars, up 32.32 per cent.
It is learned that China's trade with EU, Japan and the United State all grew at two-digit numbers in the first five months. China' s trade with EU totaled 32.695 billion dollars, up 31.81 per cent year on year; that with Japan, 25.533 billion dollars, up 18.93 per cent; and that with the United States, 19.41 billion dollars, up 22.01 per cent.
Zhu also disclosed that the investment, consumption and export of machine building industry have kept growing in the first five months, and the self-supply rate of equipment has increased.
Preliminary estimation shows that the self-supply rate of mechanical products reached 80.3 per cent in the first five months, 1. 4 per centage points higher than the 78.9 per cent in the same period of 2006. China's machine building industry relied on import for only 19.7 per cent of the products, also 1.4 per centage points lower than the 21.1 per cent in the same period of 2006.
Large scale machine building enterprises in China generated 146.688 billion yuan in profit in the first five months of this year, a record high and up 47.53 per cent year on year.
CMIF statistics show that the output value fulfilled by large scale enterprises of the industry reached 2.66 trillion yuan in the first five months, up 31.76 per cent year on year.
Except farm machinery, internal combustion engine, and food packing machinery, profit of other sectors all grew at two-digit numbers. Profit of State-owned enterprises has grown steadily at a rate higher than that for all enterprises of other ownerships.
To be specific, profit of State-owned, nongovernmental and foreign-funded enterprises grew 56.6 per cent, 40.5 per cent and 50.01 per cent year on year respectively.
China produced a total of 44,200 digitally controlled machine tools in the first five months of this year, up 30.77 per cent year on year. The output in the whole year of 2007 is expected to exceed 100, 000 units.
China's import of digitally controlled machine tools reached 5.32 billion dollars in 2006, and import, 334 million dollars. China now mainly imports large and heavy-type high-precision digitally control machine tools that cannot be produced locally.