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Development Trends of the Six Major Sub Industries of Machinery in 2008
The electrical and electrical industry: This industry is the main manufacturing industry of power equipment and devices in China. In recent years, it has provided a large amount of power equipment for the extraordinary development of China's energy construction and to alleviate the contradiction between power supply and demand in China. According to the requirements of the Eleventh Five Year Plan, China's power construction will continue to develop in the next three years.
There will be a certain demand for updates under the macroeconomic regulation and control measures of the country's "raising the big and suppressing the small" in the power industry. At the same time, there is a rapid increase in demand for new energy sources such as nuclear power, wind power, and solar power in various regions. It is expected that the industry will maintain a certain level of growth in 2008, but the growth rate will decline slightly.
The automotive industry: Due to the continuous increase in international oil prices, it will have a certain impact on domestic consumer demand, and the hosting of the Olympics will bring some market opportunities for automotive consumption, while automotive exports will continue to grow. It is predicted that the overall growth of the automotive industry will remain stable in 2008, but the growth rate has declined compared to 2007.
Petroleum and chemical equipment industry: With the sustained high volatility of oil prices, it will strongly stimulate the demand for oil drilling and petrochemical equipment in various countries.
Heavy machinery industry: In 2008, as the government continues to increase macroeconomic regulation and structural adjustment efforts for high energy consuming industries, the total demand for heavy machinery products will continue to maintain a certain level of growth.
Machine tool industry: Currently, domestic machine tools are still in a period of rapid growth, and the recognition of domestic machine tools is further increasing, with an increase in exports and a decrease in imports. In 2007, China's machine tool industry maintained a high growth rate, and it is expected to continue to maintain high growth in 2008.
The mechanical basic parts industry: In 2007, China's mechanical basic parts industry operated smoothly and steadily with an upward trend, and exports showed an increasing trend year by year. It is expected that the industry's economy will continue to grow in 2008, but the growth rate will decrease compared to 2007.
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