Machinery Industry Association has released the latest report predicts that China's machinery industry will maintain stable and rapid development momentum in 2007. Higher growth rate of investment, energy and raw material prices, financial strain to the industry is poised to run a certain degree of difficulty, and worthy of attention.

         The report shows that the production and sale of machinery industry in 2006 the rapid growth of production and marketing, good convergence larger increase in industrial added value and industry profits, export growth accelerated for the first time a trade surplus, industry restructuring has made new progress.

         The report analyzed that China's machinery industry will maintain stable and rapid development momentum in 2007. From the policy environment, with the state to accelerate the revitalization of equipment manufacturing industry policy step by step, the development of equipment manufacturing industry will be further focused support. From the market environment, industrial structure and upgrade of consumption structure, the more urgent requirements of the equipment manufacturing industry to speed up technological progress; With the increasing demand for domestic and foreign markets, the equipment manufacturing industry will receive more ample space for development.

         The report pointed out that the coming period, the domestic market for the machinery industry demand trend, although the general traditional growth in demand, but competition is fierce; high technological content and high added value of major technical equipment demand will increase rapidly.