The growth rate of China's equipment manufacturing industry has shown a significant decline

According to data provided by the National Bureau of Statistics, from January to October 2012, the added value of the equipment manufacturing industry increased by 15.5% year-on-year, still faster than all industries above designated size, but the downward trend was very obvious. In the first quarter, the growth rate was 17.8%, and in the second and third quarters, it fell back to 14.5% and 13.9% respectively. In September and October, the growth rate stopped falling and rebounded, stabilizing at 14.4%. The growth rate of the general equipment manufacturing industry and the specialized equipment manufacturing industry also showed a stabilizing and rebounding trend. It is expected that the added value of the equipment manufacturing industry will increase by about 15% year-on-year for the whole year. The sharp decline in export growth rate has also improved. From January to October, the export delivery value of equipment manufacturing industry increased by 22.4%, with September and October growing by 14.8% and 20.9% respectively. 2012 is a crucial and important year for implementing the 12th Five Year Plan for industrial transformation and upgrading. The comprehensive improvement of industrial development level cannot be achieved without the strong support of equipment manufacturing industry. Vigorously developing high-end equipment manufacturing industry will also be conducive to improving the development level of equipment manufacturing industry itself. At the same time, increasing investment in infrastructure in key areas will continue to drive the growth of industries such as construction machinery. Without a significant decline in exports, it is expected that the equipment manufacturing industry will maintain a growth rate similar to that of 2012. The Operations Monitoring and Coordination Bureau of the Ministry of Industry and Information Technology and the Institute of Industrial Economics of the Chinese Academy of Social Sciences jointly released the "2012 Autumn Report on the Operation of China's Industrial Economy". The report shows that due to policy adjustments and market changes, the growth rate of the equipment manufacturing industry has significantly declined.