Recently, it was learned from the National Bureau of Statistics that in the first half of 2023, the profit of China’s equipment manufacturing industry increased by 3.1% year-on-year, and the cumulative profit growth rate changed from negative to positive, and the growth rate rose sharply by 20.8 percentage points compared with the first quarter. At present, the profit of the equipment manufacturing industry accounted for 34.3% of the planned industry, an increase of 6.7% over the same period last year.

At the same time, the equipment manufacturing industry is also an important pillar industry supporting the development of the national economy. According to the national economic industry, it can be divided into general equipment manufacturing, special equipment manufacturing, electrical machinery and equipment manufacturing, transportation equipment manufacturing, communication equipment/computer and other electronic equipment manufacturing, instrumentation and cultural/office machinery manufacturing, electrical machinery and equipment manufacturing, etc.

Since 2023, various regions have successively formulated development plans and clarified work objectives in the development of equipment manufacturing industry.

Zhejiang Province: This year, Zhejiang Province to promote the high-quality development of the equipment manufacturing industry as the main line, from the in-depth implementation of the manufacturing industry’s first (set) upgrade project, to create a new engine of high-quality development of the equipment industry, continue to enhance the overall development of the equipment industry, and constantly improve the service level of the equipment industry, and strive to shape the new advantages of Zhejiang’s equipment manufacturing industry. Strive to increase the added value of the equipment manufacturing industry by about 7% in 2023, and maintain the proportion of industrial added value in the regulation at about 45%.

According to the unified accounting results of regional GDP, in the first half of 2023, the industrial added value above designated size in Zhejiang Province increased by 4.7% year-on-year. Among them, the added value of the equipment manufacturing industry was 9.4%. In terms of investment in manufacturing, investment in equipment manufacturing increased by 36.3 percent.

1746-IV16

Shandong Province: 2023 is regarded as the “breakthrough year” of advanced manufacturing in Shandong Province. On June 30, 2023, the General Office of the Shandong Provincial People’s Government issued the Notice on Issuing and Implementing the Work Plan of the Advanced Manufacturing Industry “2023 Breakthrough Improvement Year” (referred to as the “Notice”). The “Notice” proposed that the two major projects of industrial base reconstruction and major technical equipment research should be implemented in depth, and a number of key core technologies and major strategic products should be broken through at a faster pace.

At the Shandong Provincial government press conference held on July 20, it was learned that in the first half of 2023, the industrial added value above designated size in Shandong increased by 6.9% year-on-year, 1.0 percentage points faster than the first quarter. In the equipment manufacturing industry, railway ships, general equipment, electrical machinery under the strong pull of the market, the added value increased by 15.9%, 13.8% and 10.2%, higher than the whole industry 9.0, 6.9 and 3.3 percentage points, the industry boom steadily improved, and the growth achievement is congratulatory.

Jiangsu Province: Recently, Jiangsu Province issued the “Action Plan for Accelerating the Construction of a Strong Manufacturing Province” (referred to as the “Plan”). The Plan focuses on 16 advanced manufacturing clusters and 50 industrial chains, and implements eight major actions. According to the plan, by 2025, the scale of 16 clusters in Jiangsu will account for more than 70%; To promote the breakthrough application of 100 major technical equipment and basic products. By 2030, Jiangsu will form about 10 advanced manufacturing clusters with comprehensive strength reaching the international advanced level; Core equipment in key areas is basically capable of independent supply; The added value of manufacturing and producer services accounted for about 70% of the regional GDP.

On July 21, the Jiangsu Provincial Bureau of Statistics and the Jiangsu Survey Team of the National Bureau of Statistics jointly released the economic data of Jiangsu in the first half of 2023. Data pointed out that in the first half of 2023, the industrial added value above designated size in Jiangsu Province increased by 8.3% year-on-year, of which the manufacturing industry increased by 8.6% year-on-year. It is worth mentioning that the performance of the equipment manufacturing industry in the first half of the year is particularly bright, the added value accounted for 52.8% of the total industrial regulation, the contribution rate of the growth of industrial added value in Jiangsu Province is 55.6%, and the growth rate of Jiangsu Province is 4.6 percentage points.

In addition, Shanxi Province pointed out in the 2023 action plan for the equipment manufacturing industry that this year Shanxi Province will implement 10 projects such as the construction of a modern industrial system for equipment manufacturing, and strive to improve the overall scale and core competitiveness of the equipment manufacturing industry, and strive to break through 430 billion yuan of operating income in the province’s equipment manufacturing industry, with a growth rate of more than 12%. Further increase the proportion of equipment manufacturing industry in Shanxi’s total industrial economy.

Finally: With the continuous acceleration of global economic integration and technological progress, the development of equipment manufacturing industry is facing huge challenges and opportunities. In order to improve the competitiveness of the equipment manufacturing industry, it is necessary to constantly carry out technological innovation, industrial upgrading and structural adjustment, strengthen the ability of independent innovation, and improve product quality and service level to meet the changing market demand.