China Drying Network News This year, after the international financial crisis in 2008, the economic operation of the machinery industry was the most severe year. Since the beginning of the year, the growth rate of the production and sales of the machinery industry has continued to decline on the basis of a marked fall in the previous year. In the second quarter, the economic operation speed of the machinery industry slowed down, and the production and sales growth stabilized. It is understood that in the first half of the year, the total industrial output value and sales output value were 8.7 trillion yuan and 8.5 trillion yuan, up by 12.17% and 11.69% year-on-year respectively. In the first half of this year, the growth of China's machinery industry was steadily declining. It is expected that the growth rate of production and sales in the industry this year will be around 14%, but the growth rate of industry profits will be significantly lower than that of production and sales. It is estimated that it will be around 5%, and the total export volume will increase by 15% year-on-year.
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