In the first half of the year, the equipment manufacturing industry continued to show strong growth momentum, with production and sales of key products booming.

According to the data from the Ministry of Industry and Information Technology, in the first half of this year, China's equipment manufacturing industry continued to show good growth momentum, accounting for 35.5% of the total value added of industries above a designated size, playing a significant role as a stabilizer in industrial development. Tao Qing, the director of the Operations Monitoring and Coordination Bureau of the Ministry of Industry and Information Technology, stated that the value added of the equipment manufacturing industry increased by 10.2% year-on-year, contributing 3.4 percentage points to the growth of all industries above a designated size. From January to May, the profit of the equipment manufacturing industry increased by 7.2% year-on-year, contributing 2.4 percentage points to the growth of all industries above a designated size. Tao Qing also mentioned that key products in the equipment manufacturing industry had strong production and sales, with most of the key monitoring products showing an increase in production compared to last year. Industries such as railway, shipbuilding, aviation, aerospace, transportation equipment, automobiles, and general machinery achieved double-digit growth in fixed asset investment. The production of industrial robots and service robots increased by 35.6% and 25.5% respectively year-on-year. The completion volume of shipbuilding, new orders received, and order backlogs, in terms of deadweight tons, accounted for 51.7%, 68.3%, and 64.9% of the global share respectively. With the push from the "two new" policies, the investment in equipment, tools, and instruments increased by 17.3% year-on-year, surpassing the national fixed asset investment growth rate by 14.5 percentage points. It contributed 86% to the overall investment growth, which means that for every additional yuan invested, 86 cents came from equipment, tools, and instruments purchases.