In the the machine linked Statistical Information Department Zhao Xinmin, director of the industry-wide operation of the third quarter. January to August, the machinery industry total industrial output value and industrial sales output value increased by 11.95% and 11.64% respectively, than the 2011 decline in the growth rate of about 15 percentage points lower. The total order of the key enterprises in January-June growth rate fell to 0.95%, 1-down 5.55 percent year-on-year in July, with high growth for a few years before the formation of larger fat difference. The prices overall downward trend in January-August mechanical the cumulative industrial producer price index was 98.8%. Exports from January to July, an increase of 13.6%, 1.7 percentage points lower than in January-June. Machinery industry total profit year-on-year increase of 2.56% in January-July, an increase of 0.62 percentage points compared to January-June, the growth rate of a slow recovery. 1-8 months total fixed asset investment grew by 27.45 percent, down 1.35 percentage points from last month. In January-July, the machinery industry trade receivables up to 2.51 trillion yuan, up 16.89 percent year-on-year, far higher than the same period in main business revenue growth (9.60%). January to July, heavy mining, electrical appliances, construction machinery and other industries receivables accounted for the proportion of main business income of 37.5%, 33.4% and 35.7%, respectively.


The experts pointed out that the industry is running, there are several aspects of the problems and difficulties. (1) part of the industry, negative growth in new orders, order the amount of information continued to decline, indicating that the market demand is difficult to restore a longer period. (2) Accounts receivable growth accelerated, serious triangular debt among enterprises. (3) Fixed assets investment-led demand is not yet clear. (4) individual local governments this year, ahead of taxes and other tax policy changes, the impact on corporate cash flow. (5) by the national tax rebate policy adjustment, the impact of the EUs anti-dumping cases, fasteners, chain industry export enterprises situation is grim, the industry should reflect the situation to the authorities, calling for the recovery products export tax rebate rate to 13%.


Cai Wei-Tze, deputy director to do the meeting summed up the first three quarters of mechanical industrial economic operation situation is summarized as the following few words: demand is low and no significant improvement in export growth accelerate downlink tendency; production and sales growth rate dropped stabilization bottomed out, the market in down force industry transformation and upgrading; throughout the year can still achieve moderate growth next year is expected to remain in a tight state.