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Instrumentation exports pick up faster

2022-08-16

       The production of investment products maintained a rapid growth rate. In May, the output of cranes, excavators and loaders increased by 22%, 47.6% and 42.5% respectively, the output of cement, oil refining and chemical industry equipment increased by 71.1% and 104.1% respectively, and the output of metal cutting machine tools and forming machine tools increased by 31.1% and 31.1% respectively. 47.1%.

 

       Automobile production and sales remained high. According to statistics from the China Association of Automobile Manufacturers, in May, domestic automobile production and sales reached 1.56 million units, an increase of 34.6% and 34.4% year-on-year respectively. From January to May, the cumulative production and sales of automobiles reached 6.12 million and 6.17 million respectively, a year-on-year increase of 63.8% and 60.5%. The growth rate of sales of passenger cars of 1.6 liters and below is lower than the industry-wide level. In May, 737,000 passenger cars of 1.6 liters and below were sold, a year-on-year increase of 24%, and sales accounted for 67% of the total sales of passenger cars, down 2 percentage points from April. Exports recovered slightly but remained low. According to customs statistics, in May, 40,868 automobiles were exported, an increase of 2,217 over the previous month, a year-on-year increase of 62.1%, but still 45.5% lower than the historical high in a single month (December 2007).

 

       Shipbuilding industry production continued to grow, and orders for new ships were improved. From January to May, the domestic shipbuilding completion volume was 18.6 million DWT, a year-on-year increase of 94.9%; the number of new ship orders received was 12.77 million DWT, an increase of 12 times over the same period last year; as of the end of April, the number of ship orders in hand was 184.58 million DWT, Compared with the end of 2009, hand-held orders decreased by 1.9%. Domestic shipbuilding completion, new orders, and hand-held orders accounted for 39.1%, 47.2%, and 37.8% of the world market share, respectively.

 

       Agricultural machinery production declined. In May, the output of large and medium-sized tractors fell by 44.6% and 14.7% year-on-year respectively, and the output of small tractors increased by 10.3% year-on-year; crop harvesting machinery fell by 17.2%, of which combine harvesters fell by 40.9%; the output of on-site operation machinery was the same as the same period last year. As of April 30, domestic provinces (autonomous regions and municipalities) have implemented a central subsidy fund of 4.05 billion yuan, subsidizing 777,000 units (sets) of agricultural machinery and tools, benefiting 670,000 farmers. Agricultural machinery such as power machinery, harvesting machinery and ploughing machinery is in great demand, and the subsidy funds used amounted to 2.59 billion yuan, accounting for 64% of the subsidized funds.

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