At the third session of the Third China Machinery Industry Federation and the tenth anniversary of the founding of the China Machinery Industry Federation held on the 28th to 29th, Wang Ruixiang, president of the China Machinery Industry Federation, said that this decade is the best historical period for the development of the machinery industry. Different from the previous year, the economic operation of the machinery industry will shift to a steady growth this year. During the “Twelfth Five-Year Plan” period, the development goal of the machinery industry is to achieve an average annual growth rate of industrial output value, industrial added value, and main business income that is maintained at about 12%, and the annual foreign exchange earnings from exports will increase by about 15%.

In 2010, the operational efficiency of China's machinery industry hit a record high. However, Cai Weici, Executive Vice President of China Machine Co., predicts that compared with last year's low price environment, this year's industry-wide improvement prospects are not optimistic. "At the beginning of this year, the price index of the machinery industry continued to rise, and there is an acceleration trend. Last year, the price index of the machinery industry rose by 1 percentage point, and this year it has risen by only 1.3 percentage points in the first two months. However, it is a raw material for the machinery industry. Compared with the rate of price increase, it is obviously much smaller. This shows that the upward speed of the mechanical product price is not enough to fully offset the increase in cost, machinery companies are under enormous pressure to self-digestion of cost increases.” Cai Weici said.

Cai Weici predicts that compared with last year, the economy of the machinery industry will obviously slow down this year, but it is still expected to achieve double-digit growth. Among them, the growth rate of production and sales is expected to be around 15%, and the profit growth rate is likely to be lower than the growth rate of production and sales, while the import and export trade may have a deficit again under the pressure of encouraging imports.

Wang Ruixiang revealed that the expected goal of the development of the machinery industry is to strive to achieve an average annual growth rate of industrial output value, industrial added value, and main business income at the end of the “Twelfth Five-Year Plan,” and maintain an average annual growth rate of around 12%. Economic benefits are gradually increasing, profit growth is slightly higher than the growth rate of production and sales, the total asset contribution rate is about 15%, and the total labor productivity (according to industrial added value) reaches RMB 250,000 per person per year, and the main business income profit rate. Up to 7.5%, the industrial added value rate is about 28%; by 2020, the international market share of China's machinery industry's main products is among the top 3 in the world; it basically grasps the core technology of leading products and has a key to independent intellectual property rights Products and well-known brands; the leading companies in key industries are among the top three in the world.