Although the economy of the machinery industry still faces various difficulties in the second half of this year, the overall operating environment is good. With the implementation of policies and measures to promote economic growth, the machinery industry has steadily recovered from the bottom in the second quarter. It is expected to continue the momentum of the second quarter and gradually increase the recovery rate in the second half of the year. In the fourth quarter, it is expected to reach double-digit speed again. increase. It is expected that the total output value of the machinery industry will increase by about 12% over the previous year, and the profit will increase by about 8% over the previous year. However, the foreign exchange earned from exports is expected to decrease by about 1% over the previous year.
The favorable factors faced by China's machinery industry in the second half of this year are as follows: First, the country has clearly implemented the proactive fiscal policy and moderately loose monetary policy, and the macroeconomic situation is expected to pick up further. Under this background, the demand for machinery products from all walks of life is expected to continue to grow; second, the supply of energy and raw materials is relatively loose, which is conducive to the cost control and efficiency improvement of the machinery industry; and thirdly, the state regulates and revitalizes the equipment manufacturing industry. Various policies of the auto industry (such as encouraging independent innovation, encouraging the acceleration of automobile renewal, increasing the export tax rebate rate of certain mechanical products, and transformation of value-added tax, etc.) are continuing to be implemented, and will surely accelerate the pace of development of the machinery industry. Fourth, due to the second half of last year, in particular, In the fourth quarter, the pace of development of the machinery industry dropped steeply, which reduced the comparative base for the second half of the year, and was therefore more conducive to the improvement of the growth rate in the second half of this year.
At the same time, however, unfavorable factors still exist, mainly due to the lack of external demand, and there is still no clear prospect of improvement. According to analysis by the World Bank and other countries, the prospects for global economic recovery are still unpredictable, and it is difficult for the machinery industry's foreign trade export market to improve significantly in the short term.
The favorable factors faced by China's machinery industry in the second half of this year are as follows: First, the country has clearly implemented the proactive fiscal policy and moderately loose monetary policy, and the macroeconomic situation is expected to pick up further. Under this background, the demand for machinery products from all walks of life is expected to continue to grow; second, the supply of energy and raw materials is relatively loose, which is conducive to the cost control and efficiency improvement of the machinery industry; and thirdly, the state regulates and revitalizes the equipment manufacturing industry. Various policies of the auto industry (such as encouraging independent innovation, encouraging the acceleration of automobile renewal, increasing the export tax rebate rate of certain mechanical products, and transformation of value-added tax, etc.) are continuing to be implemented, and will surely accelerate the pace of development of the machinery industry. Fourth, due to the second half of last year, in particular, In the fourth quarter, the pace of development of the machinery industry dropped steeply, which reduced the comparative base for the second half of the year, and was therefore more conducive to the improvement of the growth rate in the second half of this year.
At the same time, however, unfavorable factors still exist, mainly due to the lack of external demand, and there is still no clear prospect of improvement. According to analysis by the World Bank and other countries, the prospects for global economic recovery are still unpredictable, and it is difficult for the machinery industry's foreign trade export market to improve significantly in the short term.
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