In the first two months of this year, the added value of China's high-end equipment manufacturing industry and high-tech manufacturing industry increased by 10.6% and 9.1% year-on-year respectively, providing strong support for the steady development of the industrial economy towards a new and better direction.
The latest data from the China Machinery Industry Federation shows that in China's three major manufacturing industries, including general equipment, automobiles, and electrical machinery and equipment, the growth rates of industrial added value from January to February were 9.5%, 12%, and 12% respectively, higher than the national growth rate of industrial added value, and playing a significant supporting role in industrial growth. Moreover, in the first two months of this year, among the 122 major products under key monitoring in the machinery industry, the output of 88 products increased year-on-year, accounting for 72.1%, reaching a new high.
Since the beginning of this year, machinery enterprises have been in a positive production and operation state, with improved market expectations and enhanced confidence. The economic operation of the industry has shown a positive trend of stability and improvement. In the first two months, among the 122 major products under key monitoring in the machinery industry, the output of 88 products increased year-on-year, accounting for 72.1%, reaching a new high. The policy of trading in old consumer goods for new ones has been strengthened and expanded, further stimulating market vitality. The heat of automobile production and sales continued in the first two months, increasing by 16.2% and 13.1% year-on-year respectively, and the growth rate of new energy vehicles was above 50%. The pace of large-scale equipment renewal in the energy field has accelerated, and the production of products such as power generation equipment, power transmission and transformation equipment, mining equipment, and petrochemical equipment has increased significantly. The output of generator sets reached 40.56 million kilowatts in the first two months, a year-on-year increase of 66%. The intelligent upgrading of traditional industries has been effectively carried out, and the development of new productive forces has been steadily promoted. There is a strong demand and supply for high-tech products such as numerically controlled machine tools, industrial control systems, and robots. The output of industrial robots exceeded 90,000 sets in the first two months, a year-on-year increase of 27%.
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Double-digit growth in the high-end equipment manufacturing industry, and continuous improvement of the industrial structure
From January to February, the added value of above-scale high-end equipment manufacturing industry increased by 10.6% year-on-year, 2.9 percentage points faster than the whole of last year; the growth rate was 4.7 percentage points higher than that of all above-scale industries, and has been higher than that of all above-scale industries for 19 consecutive months, contributing 54.6% to the growth of all above-scale industrial production from January to February. The proportion of the added value of the equipment manufacturing industry in all above-scale industries was 32.0%, and it has remained above 30% for 24 consecutive months, and the industrial structure continues to improve.
The growth rate of the high-tech manufacturing industry has accelerated, leading the industrial economy to develop in a new direction
From January to February, the added value of above-scale high-tech manufacturing industry increased by 9.1% year-on-year, 0.2 percentage points faster than the whole of last year, and the growth rate was 3.2 percentage points higher than that of all above-scale industries. Among them, the added value of the electronics and communication equipment manufacturing industry and the computer and office equipment manufacturing industry increased by double digits year-on-year, with growth rates of 12.4% and 10.8% respectively. With the rapid development of information technology, intelligent products are constantly empowering. Large models have begun to achieve large-scale application in key industrial fields such as electronics, automobiles, and chemicals, driving a surge in demand for computing power products and a sharp increase in orders for intelligent products, and the output of related products has increased significantly. The output of robot reducers and servers increased by 95.8% and 73.0% respectively, and the output of service robots, industrial control computers and systems, and industrial robots increased by 35.7%, 29.9%, and 27.0% respectively, driving the added value of above-scale digital product manufacturing industry to grow by 9.1%. The "new three products" continue to grow and expand, and the green transformation is accelerating. The output of new energy vehicles, lithium-ion power batteries for automobiles, and solar cells increased by 47.7%, 37.5%, and 5.9% respectively; the output of new material products such as carbon fiber and its composites and rare earth magnetic materials increased at a high speed, with growth rates of 51.5% and 31.1% respectively.
The policies for "two new aspects" are strengthened and expanded, and related industries and products grow rapidly
In 2025, policies such as large-scale equipment renewal and trading in old consumer goods for new ones have been strengthened and expanded, effectively promoting industrial transformation and upgrading, stimulating the release of consumption potential, and driving the growth of the industrial economy. Driven by factors such as the equipment renewal policy, from January to February, the added value of above-scale industries such as railway transportation equipment manufacturing, urban rail transit equipment manufacturing, and special machinery manufacturing for agriculture, forestry, animal husbandry and fishery increased by 28.1%, 23.7%, and 9.9% year-on-year respectively; the output of products such as soil tillage machinery, medical instruments and apparatus, special equipment for agricultural product processing, and excavating, loading and transporting machinery increased by 46.3%, 19.4%, 16.4%, and 13.5% respectively. In terms of trading in old for new, driven by factors such as automobile scrapping and replacement and renewal subsidy policies, from January to February, the added value of above-scale automobile manufacturing industry increased by 12.0% year-on-year, maintaining double-digit growth for 4 consecutive months; the output of automobiles and new energy vehicles increased by 13.9% and 47.7% respectively, and the output of charging piles, supporting products for new energy vehicles, increased by 32.2%.
The export of industrial products maintains rapid growth and plays an obvious driving role
From January to February, above-scale industrial enterprises achieved a total export delivery value of 2,275.1 billion yuan, a year-on-year increase of 6.2%, 1.1 percentage points faster than the whole of last year. In terms of industries, from January to February, among the 39 major industries with exports, the export delivery value of 25 industries increased year-on-year, with a growth rate of 64.1%; among them, the export delivery value of industries such as railway, ship, aerospace, metal products, and general equipment increased by double digits, with growth rates of 20.0%, 11.7%, and 10.1% respectively.
Since the beginning of this year, with the joint efforts of various regions and departments, the policy effects have continued to emerge, and the industrial economy has been developing towards a new and better direction. However, it should also be noted that the current effective market demand is still insufficient, the profitability of industrial enterprises is low, and the export of industrial products faces great uncertainties. In the next stage, it is necessary to continuously promote innovation-driven development, vigorously boost consumption, comprehensively expand domestic demand, effectively stimulate the vitality of various market players, and promote the continuous development of the industrial economy towards a new and better direction.
