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China's machinery industry sees stable performance, new momentum in H1 - The Present World
October 13, 2024, 7:55 am

China’s machinery industry sees stable performance, new momentum in H1

TPW Desk
  • Update Time : Thursday, August 8, 2024

CGTN

China’s machinery industry performed well in the first half of the year (H1), while its intelligent and green initiatives gained traction, the China Machinery Industry Federation (CMIF) said on Wednesday. In the first six months, essential products such as automobiles and electrical equipment grew at a rapid pace, according to the federation.

During the period, the automotive industry’s added value increased by 9.8 percent year on year. Meanwhile, the CMIF reported an increase in production of around 61.5 percent of the 122 kinds of mechanical products monitored by the federation.

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