China’s Equipment Manufacturing Output Value Exceeded 20 Trillion Yuan

On April 2, Vice-minister of MIIT Su Bo said at the National Equipment Industry Meeting that China’s output value of equipment manufacturing sector has exceeded 20 trillion Yuan, accounting 1/3 of the world total and ranking first in the world. 

According to him, at present, most equipment products in China are ranking first in the world. In 2013, the power generation equipment reached to 120 million kilowatts, accounting for 60% of the world; shipbuilding completion achieved 45.34 million tons of load capacity, 41% of the world; vehicles production was 22.117 million, 25% of the world; machine tools was 959,000, which was 38% of the world.

In addition, in recent years, the independent equipment manufacturing in China has come to a new level. The manned spacecraft and moon-exploring project, "dragon" manned vehicle have made significant breakthroughs; large transport aircraft and passenger aircraft layout has been completed and the research has made important progresses. Major progress has been made in the emerging industry development, such as intelligent manufacturing equipment, Marine engineering equipment, advanced rail transportation equipment, and new energy vehicles. At present, the high-end equipment manufacturing industry has accounted for more than 10% of the total output value of the equipment manufacturing industry.