Current Situation of Mechanical Products in China

Since the beginning of this year, the growth rate of export of electromechanical products is consistently higher than the growth rate of exports. It has became the main driving force of the foreign trade, simultaneously, mechanical and electrical products importing growth rate is lower than the growth rate of foreign trade imports. Mechanical and electrical products trade continues to expand and become the main source of China's foreign trade surplus. Most electronic products maintain slow growth rate.

Mechanical products export rate is different, some increases but some has decreased, the growth rate of the general slows down. Machinery basic parts for the same period has an increase of 13.2%, lifting and engineering machinery products, such as stone production line equipment ball mill, has an increase of 21.1%. Ships and parts exports of $ 28.06 billion, is down by 3.4%, including tankers ($ 2.49 billion) a decrease of 49.7%, motor freight , passenger and cargo ship ($ 20.19 billion), an increase of 5.6%. On the import side, the electronic components are the largest category of imports of mechanical and electrical products. Reduce the growth of the import and export of the eastern region, the central region have the fast export growth, the export growth in the western region is significantly faster than imports, the northeastern region has a steady growth rate of the import and export

Looking at the domestic and international environment, the development of China's import and export of machinery and electronic products face the following favorable factors. Taking into account the lagged effects of the policy, the effect produced by the recent adjustment to steady growth is seen as the center of the policy measures and it will be gradually released. Advantage of export products with the ability of the central and western regions is attracting investment, industry undertake gradually increases, and it will become a new driving force for China's export. The...