15th Steel Development Strategy Conference,
host by SteelHome, was successfully held in International
Convention Center during April 12-14, 2019. Around 1000
delegates from governments, associations, steel mills, miners,
traders, research institutes attended the one of biggest events
in China steel industry.
8th International Raw Materials Supply Chain Summit, 9th Coal &
Coke Development Strategy Conference, 7th China Commodities
E-Commerce Summit and 2019 SteelHome Spring Report were
simultaneously held.
Chen Bin, Executive Vice President, China Machinery Industry
Federation reported Status and Development Opportunity in
Machinery Industry at the summit forum of New Trends & New
Changes of Downstream Industry on the morning of April 14th.
Chen Bin, Executive Vice President, China Machinery Industry
Federation
Summary of Speech
I Review of economic performance in
2018
1. The growth rate of the added value slows down: the growth
rate of the added value of the machinery industry was 6.3% in
2018.
2. Economic efficiency maintained growth: In 2018, the
accumulated main business income was 21.38 trillion yuan, a
year-on-year increase of 6.05%; the total accumulated profit in
2018 was 1.449 trillion yuan, a year-on-year increase of 2.18%.
3. Products output mixed: Among the 120 major products that were
monitored in 2018, 56 of which was in a year on year growth,
while 64 of which was in a year on year decline.
4. The investment downturn has improved: In 2018, the national
fixed asset investment (excluding farmers) was 63.56 trillion
yuan, an increase of 5.9% over 2017, and manufacturing
investment increased by 9.5% year-on-year.
5. Foreign trade imports and exports maintain growth
II Economic performance in
January-February 2019
Low growth in added value; economic efficiency declined; product
output saw ups and downs; fixed asset investment continued to
improve; foreign trade was not optimistic.
III Issues that need attention in
economic operation
The impact of Sino-US trade friction on the machinery industry;
market demand is still sluggish, the lack of orders is still
continuing; the price index continues to remain low, the price
rise space is limited; cost pressure is large, and efficiency
improvement is difficult; total amount of accounts received is
large, and the operating efficiency is reduced.
IV Prospects for economic development
in 2019
It is estimated that the economic operation of the machinery
industry will be relatively stable in the whole year of 2019.
The industrial added value and the main business income will be
around 6.5%. The profit growth rate will be around 5%, affected
by the low base of 2018. |