Machinery industry sales are expected to increase in 2014 will be around 13%, profit growth of around 10%, exports increased by between 5% to 8%.

2013, China's machinery industry to achieve a slow recovery, moderate growth, steady development. Meanwhile, the machinery industry in the industrial structure, product structure and market demand contradictions still exist, low excess capacity, high-end production capacity of prominent contradictions, profit margins continued to decline, the market competition is becoming increasingly fierce. China Machinery Industry Federation is expected in 2014, China's machinery industry run without sharp fluctuations in aggregate demand will be steady growth rate, increased demand or lower stabilization.

2013 machinery industry running smoothly

2013, China's machinery industrial added value growth of 10.9%, higher than the national industrial sector 1.2 percentage points; machinery industry's main business revenue grew steadily increase each month in 2013 were between 12% to 13%.

Machinery industry sales grew steadily. National Bureau of Statistics released 64 kinds of main products in the machinery industry, January 2013 - December production to achieve an increase of 39 species, accounting for 60.9%; 25 kinds of output fell product, accounting for 39.06%. Specifically, the 2013, China's agricultural products, passenger cars, instrumentation and other industries and product output growth is good; production machine tools, construction machinery, heavy machinery, power generation equipment and other typical investment products fell sharply, the relevant industry enterprises the pressure is greater than 2012; excavators, metal-cutting machine tools, metal rolling equipment, dropped significantly, but slowed down the momentum month by month.

Profits rose faster than sales growth. January 2013 - November, China's machinery industry achieved a total profit of 1.215 trillion yuan, an increase of 15.68%, higher than the main business revenue growth of 2.22 percentage points over the same period. November 2013 month machinery industry achieved a total profit of 162.717 billion yuan, a new high for the year, an increase of 19.26%, higher than the main business revenue growth of 2.22 percentage points over the same period.