Review and summary of the development of the machinery industry during the "Twelfth Five-Year Plan" period

The machinery industry is the pillar industry of the national economy and the backbone of China's manufacturing industry. The machinery industry plays a strategic supporting role in China's economic and social transformation and development, participation in global economic cooperation, and national industrial competitiveness.

During the "Twelfth Five-Year Plan" period, China's economic development has entered a new normal, domestic investment growth has slowed down, international market demand has been sluggish, the contradiction of overcapacity has become prominent, and the pressure on business operations has increased. The machinery industry has shifted from high-speed growth for many years to medium-speed growth based on transformation and upgrading and structural adjustment. In this context, the scale of the machinery industry continues to grow, the technical level has been steadily improved, the integration of industrialization and industrialization has continued to advance, the innovation ability has been increasingly enhanced, the industrial structure has been gradually optimized, and the transformation and upgrading have made significant progress. The basic field of the industry has been strengthened, a number of high-end equipment has been successfully developed, enterprise innovation achievements have been emerging, and the concept of green development has been deepened.

1. The economic scale of the industry continues to grow

During the "Twelfth Five-Year Plan" period, China's machinery industry achieved steady growth. The total assets of the machinery industry increased from 10.97 trillion yuan in 2010 to 19.27 trillion yuan in 2015, with an average annual growth rate of 11.91%. The annual main business income increased from 13.96 trillion yuan in 2010 to 22.98 trillion yuan in 2015, with an average annual growth rate of 10.48%.

2. The output of key products has increased

During the "Twelfth Five-Year Plan" period, China's automobile production increased from 18.26 million in 2010 to 24.5 million in 2015, ranking 5656th in the world for many years. The output of large tractors increased from 15,569 units in 2010 to 77,000 units in 2015, the output of CNC machine tools increased from 224,000 units in 2010 to 235,000 units in 2015, and the output of power generation equipment exceeded 100 million kilowatts for 10 consecutive years.

3. The scale of foreign trade continues to expand

During the "Twelfth Five-Year Plan" period, China's total foreign trade in machinery products increased from 513.8 billion US dollars in 2010 to 666.5 billion US dollars in 2015, with an average annual growth rate of 5.34%. Among them, the total export value increased from 258.5 billion US dollars in 2010 to 388.8 billion US dollars in 2015, with an average annual growth rate of 8.51%. The structure of foreign trade has been increasingly optimized, and the proportion of general trade in total exports has increased from 52% in 2010 to 63% in 2015.

4. The economic benefits of the industry have been improved

During the "Twelfth Five-Year Plan" period, the total profit of China's machinery industry increased from 1.17 trillion yuan in 2010 to 1.6 trillion yuan in 2015, with an average annual growth rate of 6.45%. The total tax revenue increased from 583.7 billion yuan in 2010 to 886.9 billion yuan in 2015, with an average annual growth rate of 8.72%. In 2015, the profit margin of the main business income of China's machinery industry was 6.96%, higher than the national industrial average.