From January to July this year, the economic operation of the national machinery industry continued to grow steadily, but the growth rate slowed down compared to the first three months. The effect of the state's macroeconomic regulation and control was further manifested in some industries, and the growth rate of output of investment products declined significantly. The growth rate of machinery industry production slowed down. From January to July, the total industrial output value of the machinery industry (current price) was 1.792988 trillion yuan, an increase of 30.04% year-on-year, and the growth rate fell back compared with the first three months, and the fourth, fifth and sixth months of the year. This compares with a decrease of 1.75, 1.97 and 1.2 percentage points respectively. From the cumulative growth rate of output value from January to July this year, after entering the second quarter, although the growth rate fell month by month, the growth rate of the output value of each month was maintained at more than 30% (see Table 1). It can be seen that after entering the second quarter, the machinery Industrial production is still operating at high levels. Electric appliances and automobiles drive the industry to grow In the 13 major industries exemplified by statistical data, the electrical and electronic appliances industry and the automotive industry have made outstanding contributions to the rapid development of the national machinery industry with its large base and high speed. From January to July, the total growth of industrial output value of the electrical and electronics industries and the automotive industry was 113.791 billion yuan and 115.871 billion yuan respectively, accounting for 55.25% of the industry's total growth. The contribution rates of the two industries to the growth of the industry-wide industrial output value reached 24.39% and 24.48%, respectively, which is the industry with high contribution rate among the 13 industries (see Table 2). The contribution rates of the two industries are basically the same. As the country’s investment in the construction of electric fixed assets has further increased, the output value of the electric industry has grown rapidly, especially the growth of power generation equipment. The contribution rate of the electrical and electronics industry to the increase in output value of the entire industry has increased from 17.39% in the same period of last year. This year's 24.39%, an increase of 7 percentage points. The value of export delivery continues to soar this year, and the export value of the machinery industry has maintained a strong growth momentum. From January to July, the export delivery value of the whole industry reached 253.344 billion yuan, an increase of 40.02% over the same period of last year. The growth rate was 10.12 percentage points higher than the same period of last year, 1.72 percentage points higher than the previous month, and the export delivery value increased month by month. The momentum has not diminished, and it has formed a certain contrast with the trend of the monthly growth rate of industrial output growth (see Table 3). The contribution of exports to the growth of the machinery industry has also increased significantly compared to last year. The contribution rate of export delivery from January to July was 17.42%, an increase of 7.3 percentage points from the same period of last year. In terms of different types of enterprises, the fastest growing export delivery values ​​are: State-owned and collectively-owned enterprises (69.50%), foreign-invested joint-stock companies (59.89%) and Chinese-foreign cooperative companies (48.95%). In July, the production and sales ratio was high. From January to July, the machinery industrial enterprises completed a total sales value of RMB 174.173 billion, a year-on-year increase of 30.15%, which was a slight decrease from the previous month. In July, the production and sales rate of machinery industry products was 97.51%, and the cumulative product sales rate was 96.80%. Both the current month's and the accumulated production and sales ratios both increased by 0.78 and 0.1 percentage points respectively from the previous month. From the completion of the production and sales ratio in each month of this year, the production and sales ratio from January to July is the first in each month of the year, but it is still lower than the national industrial production and sales rate (97.45%). In terms of sub-industries, the industries with higher production and sales ratio from January to July are: cultural office industry (99.88%), agricultural machinery industry (97.81%), food packaging industry (97.44%), and automotive industry (97.14%). 97% or more. The output of major products increased or decreased in the statistics of 96 kinds of products. There were 76 types of the month's year-on-year growth; accounted for 79.16% of all reported products; and the accumulated year-on-year increase of 82 products accounted for 85.51% of all reported product varieties. There are four characteristics to see the completion of production. ---The output of investment products and hot consumer goods needed for key national construction has grown strongly. From January to July, the growth of power equipment was relatively large, and the number of turbine generating units, turbo-generator units, power station boilers, and power station turbines all increased by more than 100%. The increase in hotspot consumer products such as digital cameras, refrigeration and air-conditioning products is all above 80%. --- The preliminary effect of macroeconomic regulation and control showed that the growth rate of some investment products declined significantly. The main reasons for the large decline in the growth rate are: shovel transportation machinery, compaction machinery, concrete machinery, mining equipment, smelting equipment, metal rolling equipment and cement equipment. The growth rate of these products has dropped significantly compared with the previous month. --- The industry that has benefited from the macroeconomic regulation and control belongs to the agricultural machinery industry. Recently, the country has repeatedly stressed that it has increased its support for agriculture. This makes the output of large and medium-sized tractors in the agricultural machinery industry grow strongly this year. The output from January to July reached 57,893. Taiwan, a year-on-year increase of 60.37%, has exceeded 9300 units in 2003. --- Instruments, petrochemicals, machine tools, and basic parts industries have strong product versatility. These products have a wide range of service areas. Therefore, the production of these industries has little effect on this macro-control, and the growth rate of their product output is relatively stable. It was basically the same as last month.
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