General machinery parts have fallen to the bottom?

China General Machinery & Accessories Industry Association recently released data that the total value of the mechanical parts and components industry in 2012 was 323.2 billion yuan, a year-on-year increase of only 6.4%, which was lower than the 12.1% in 2008, hitting a new low in recent years. The two sub-sectors of fasteners and powder metallurgy even saw a negative growth of -1.5% to -2%.

According to reports, the total output value of mechanical parts and components industry has maintained a double-digit growth rate since 2006. Its growth rate in 2007 was 27.6%, the highest value in recent years, and the growth rate between 2009 and 2011. They were 14.8%, 21%, and 21.8%, respectively. In 2008, when the financial crisis broke out, the lowest value of 12.1% occurred in recent years, but the rate still maintained double-digit growth.

The year-on-year growth rate of 6.4% of the total output value of mechanical parts and components industry was even lower than 12.1% in 2008. This is the first single-digit increase in recent years. “It can be seen from the growth rate of the economic development of the industry in recent years. The economic performance in 2012 was the worst year."

At the same time, under the severe and sluggish development situation both at home and abroad, on the one hand, the capital investment for enterprise development has increased dramatically; on the one hand, the company’s profits have been drastically reduced; in addition, fasteners have suffered a large area of ​​international trade protection, resulting in a range of product exports. It has also been greatly reduced; "a lack of orders," "transformation and upgrading," "product optimization," "green manufacturing," "shortage of funds," and "labor loss," and a series of intractable problems in 2012 in time and space. The nodes are grouped together.

China General Machinery Parts Industry Association believes that the development of the industry has shifted from a high-speed growth stage to a period of high quality and stable growth. "From the current analysis of the domestic and international outlook for the forecast of economic development in 2013, we believe that the industry development in 2013 should be better than 2012."