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2021 National Machinery Industry Economic Situation Report Meeting Held in Beijing

On December 24, the 2021 National Machinery Industry Economic Situation Report officially kicked off in Beijing. This report conference was hosted by China Machinery Industry Federation (hereinafter referred to as China Machinery Federation), co-organized by Machinery Industry Information Center, Hegang Group Co., Ltd., and Zhuhai Gree Electric Appliance Co., Ltd., and undertaken by


   This conference focused on the current international situation and national security, economic operation analysis and situation forecast of China's machinery industry, and current China's macroeconomic analysis and other topics were in-depth elaboration and interpretation. Leaders and authoritative experts from the National Security College of National Defense University, China Machinery Federation, and the Strategic Planning Research Institute of the National Information Center came to the conference and gave wonderful reports. The main persons in charge of various professional associations, local industry associations, machinery industry enterprises, industry research institutes, as well as persons in charge of related institutions in the financial and securities industries, and leaders of local machinery industry authorities attended the event.


   This years report meeting was held under a special historical background. The worlds century-old changes and the centurys epidemic are intertwined, the international political and economic structure has been profoundly adjusted, and the external environment has become more complex than ever. In 2021, my country's economy has achieved a good start to the "14th Five-Year Plan" and the new journey of building a socialist modern country in an all-round way. Economic development and epidemic prevention and control will maintain a leading position in the world. The data shows that the added value of the machinery industry from January to November 2021 increased by 11% year-on-year, 0.9 percentage points higher than the national industry in the same period. From January to October, the machinery industry achieved a total operating income of 20.5 trillion yuan, an increase of 18.03% year-on-year, 3.04 percentage points lower than the national industry. From January to October, the total realized profit was 1.27 trillion yuan, a year-on-year increase of 13.19%, 28.97 percentage points lower than the national industry. From January to November, the total import and export volume of my country's machinery industry reached US$941.385 billion, a year-on-year increase of 27.34%. From January to November, among the 121 main products monitored by the machinery industry, 94 products had a year-on-year increase in output, accounting for 77.69%, and 27 products had a year-on-year decrease, accounting for 22.31%.


   China Machinery Federation President Wang Ruixiang pointed out that while seeing the achievements, we should also see that my countrys economic development is facing the triple pressure of demand shrinking, supply shocks, and weakening expectations. Since the third quarter, the machinery industry has also encountered severe challenges from multiple factors such as slowing economic growth, declining major economic indicators, and increasing downward pressure on operations. In order to implement the spirit of the Central Economic Work Conference, the China Machinery Federation has recently issued work opinions on stabilizing growth and ensuring the overall situation. This is not only the focus of the current industry-wide work, but also the theme of this year's economic situation report. To this end, Chairman Wang Ruixiang proposed: We must thoroughly study and implement the spirit of the Central Economic Work Conference, unify our thinking, and strengthen our confidence; comprehensively promote the implementation of the "14th Five-Year" plan to maintain a sustainable and stable development situation in the industry; give full play to the industry platform and leading enterprises Role, converge and develop a joint force.


   Chen Bin, executive vice chairman of the China Machinery Federation, analyzed and pointed out that since the beginning of this year, the overall economic operation of the machinery industry has been "high and low". The first half of the year ran at a high level, but the growth rate of major economic indicators began to decline month by month; the decline in the second half of the year increased, and some monthly indicators showed negative growth, but the cumulative indicators were still high. The main economic indicators of the machinery industry in 2021 are expected: the growth rate of industrial added value, operating income and realized profits will exceed 6%, and foreign trade import and export will break a record high. In 2022, the international situation is complex, the uncertainty of the new crown pneumonia epidemic continues to impact the stable operation of the world economy, and the pressure for steady growth of the machinery industry is increasing. Preliminary expectation: The main economic indicators of the machinery industry in 2022 are: industrial value-added, operating income growth rate strive to reach about 5.5%, achieve profits to be the same as this year, and import and export trade will remain basically stable.


   The report meeting was hosted by Song Xiaogang, Executive Vice President of China Machinery Federation, Shen Bo, Deputy Director of Machinery Industry Information Center and General Manager of


   The "National Machinery Industry Economic Situation Report" is an important annual economic information exchange event for the machinery industry, and it has been held for 27 consecutive sessions so far. Over the years, this event has been accompanied by the development of the machinery industry at various stages. With the support of multiple parties, the industry's influence has increased year by year, and it has received more and more attention and welcome from all aspects. According to the current national new crown epidemic prevention and control policy requirements, this report will be presented in the form of a combination of offline venues and online live broadcasts, and high-end association branch venues have been established in Jinan, Changsha, Langfang, Zhangjiagang and other regions. Part of the industry Enterprises have also opened branch venues, such as: Hegang Group, Gree Electric, Dalian Bingshan, Chuankai Electric, Baobian Electric, etc. The total number of online people reaches nearly 1,000, covering a wide range of regions, a large number of participants, and online and offline responses. 

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