Development Report China: Q1-Q3 2015 Equipment Manufacture Industry

Editor: Lisa Saller, Lisa Saller

From Q1 to Q3, the year-on-year growth of industrial added value of equipment manufacturers above designated size is 6.52% and realized export delivery value is RMB 4,892.35 billion which decreases by 0.72%.

Monthly increase speed of Chinese Equipment Manufacture Industrial added value (In percentage). In overall, the increase speed is much slower compared to the last two years and the increase speed keep slowing down.
Monthly increase speed of Chinese Equipment Manufacture Industrial added value (In percentage). In overall, the increase speed is much slower compared to the last two years and the increase speed keep slowing down.
(Photo: MM China)

Situation of Key Industries

(I) Slight Decline of Automobile Production and Minor Growth of Sales Volume

From Q1 to Q3, the automobile production and automobile sales volume in China are 17.0916 million and 17.0565 million, which decreases by 0.8% and increases by 0.3% on a year-on-year basis.

From Q1 to Q3, the passenger vehicle production and sales volume are 14.6063 million and 14.5478 million, which increase by 1.5% and 2.8%, respectively. From a perspective of vehicle type, the sedan car sales volume is 8.1953 million which decreases by 8.8% on a year-on-year basis, the MPV sales volume is 1.4229 million which increases by 8.2% on a year-on-year basis, the SUV sales volume is 4.0842 million which increases by 46.7% on a year-on-year basis and the cross-passenger car sales volume is 0.8455 million which decreases by 20.9% on a year-on-year basis.

From Q1 to Q3, the commercial vehicle production and sales volume are 2.4853 million and 2.5087 million, respectively, which decreases by 12.5% and 11.8%, respectively, on a year-on-year basis.

(II) Decline of Output of Main Products in Construction Machinery Industry

From Q1 to Q3, the productions of excavators and loaders decline by 24.3% and 28.8%, respectively, and the productions of concrete machinery, compaction machinery and cement specific equipment decline by 18%, 20.8% and 13.8%, respectively, on a year-on-year basis. The productions of electric forklifts and internal combustion engine driven forklifts decline by 17.6% and 11.2%, respectively, on a year-on-year basis.

(III) Machine Tool Industry Still in a Valley

From Q1 to Q3, the metal cutting machine tool production declines by 7.6% on a year-on-year basis and the numerical control metal cutting machine tool production declines by 7.2% on a year-on-year basis. The metal forming machine tool production declines by 6.3% on a year-on-year basis, the metal cutting tool production declines by 4.1% on a year-on-year basis and the casting machinery production increases by 5.2% on a year-on-year basis.

(IV) Declining Output of Main Products in Mechanical Parts Industry

From Q1 to Q3, the valve production increases by 0.9% on a year-on-year basis. The forge piece, gear, reducer and pump productions declines by 2.9%, 3.6%, 4.6% and 4%, respectively, on a year-on-year basis.

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