Made in China

Export of made in China heavy machinery and equipments achieved a rapid increase which had been arrived to 20.8% by 1988. Heavy machinery industry of China grew slower than that of GDP before 1999, but boosted after that. During the year of 2002 and 2003, the growth rate of Chinese heavy machinery and equipments was twice and 2.6 times more that of previous GDP respectively. This growing rate arrived till 32% in the first half of 2006. The ratio of machinery industry growth against GDP was approximately 6% in 2005 and near 7% in 2006.

Machinery industry of China continued its good momentum in 2006 and the industry had various development trends. Take example of construction machinery industry. This machinery industry reconstructed dynamically in 2006 with of the year beginning. It is reported that from January to September 2006, the growth rate of whole industry sales income was 34.12%, total profit was 121.34% and export value was 48.62% over the same period of last year respectively.

After the implementation of macro-control policies of China, the growth speed of investment in fixed assets was got down to around 20% in 2007 due to which the machinery industry was also gradually fell. But in 2007, export of aviation and railway equipments kept a rapid growth as well as machine tools, heavy, mining machinery and construction machinery export from China direct also increased with a comparatively high speed. Now, heavy machinery industry of China has an international standard and it is confidently standing with all the major heavy machinery industries of the world.