The growth rate of China's machinery industry value-added is expected to reach 5% in 2020

China News Agency, Beijing, February 25th (Reporter Yan Xiaohong) China Machinery Industry Federation said on the 25th that it is expected that the economic operation of China's machinery industry will show a trend of low to high and gradually rise in 2020. If the new crown pneumonia epidemic can end soon, The growth rate of industrial added value can still reach about 5%, and indicators such as operating income and total profit will maintain a slight increase.

On February 25, the China Machinery Industry Federation stated that it is expected that the economic operation of China's machinery industry will show a trend of low-to-high and gradually rebound in 2020. If the new crown pneumonia epidemic can end soon, the growth rate of industrial added value can still reach 5% , Indicators such as operating income and total profit will maintain a slight increase. The data picture shows that a Chongqing engine production workshop, which was shot on February 19, has resumed production. China News Agency reporter Chen Chao

At present, the resumption of production and production in China's machinery industry enterprises is progressing in an orderly manner, with a return rate of 66%. The resumption of production in some industries is more rapid. For example, the resumption rate of electrical appliances, refrigeration and air conditioning, agricultural machinery, cultural office equipment and instrumentation industries exceeds 80%; general machinery, food and packaging machinery, internal combustion engines, parts and plastic machinery industries resume work. The rate is over 70%. With the local government's further refinement of the management of resumption and resumption of production, machinery enterprises that have already submitted applications and are ready to resume production and resume production will speed up the pace of resuming production.

According to analysis, in the short term, the resumption of production and production in the industry still faces specific problems such as shortage of employees, blocked logistics and transportation, unrecovered supply chain support, shortage of epidemic prevention supplies such as mask disinfectant, etc. It will take some time to fully return to normal production and operation. Therefore, the overall operation of the industry in the recent period is still gradually recovering. In addition to the losses caused by previous shutdowns and production shutdowns, it is expected that the major economic indicators of the machinery industry will decline in the first quarter.

On February 25, the China Machinery Industry Federation stated that it is expected that the economic operation of China's machinery industry will show a trend of low-to-high and gradually rebound in 2020. If the new crown pneumonia epidemic can end soon, the growth rate of industrial added value can still reach 5% , Indicators such as operating income and total profit will maintain a slight increase. The data picture shows that a Chongqing engine production workshop, which was shot on February 19, has resumed production. China News Agency reporter Chen Chao

In the medium term, in order to alleviate the difficulties brought by the epidemic to the production and operation of enterprises, the relevant central and local government departments have issued a number of support and rescue policies, involving market protection, fiscal and taxation support, financial support, and return of employees. Vigorous market and corporate confidence play a positive role. If the epidemic is effectively controlled in the first quarter, more than 90% of the enterprises are expected to resume production and operations in the second quarter.

In the long run, the fundamentals of China's economy are stable. Restorative construction and investment after the epidemic can release potential markets for the machinery industry, and bring new opportunities for structural adjustment, transformation and upgrading of the machinery industry. (Finish)