China's total industrial output value increased by 28% during the 11th Five-Year Plan period

During the "11th Five-Year Plan" period, the total output value of China's machinery industry increased from 4.18 trillion yuan in 2005 to 14.38 trillion yuan in 2010, an average annual increase of 28%, which is 16% higher than the expected target of the 11th Five-Year Plan. Percentage points. It is understood that during the "11th Five-Year Plan" period, the added value of China's machinery industry accounted for 16.29% of the national industry in 2005 and 19.35% in 2010. In 2010, the output of most products increased significantly. Among them, the output of CNC machine tools is nearly four times that of 2005; in 2010, the output of automobiles was 3.2 times that of 2005. After years of hard work, China's machinery products have rapidly increased the proportion and capacity of domestic market demand. At present, the domestic market share has increased from around 80% in 2005 to around 85%. A number of advantageous enterprises have accelerated their rise and production concentration has steadily increased. According to statistics, the sales volume of SAIC, Dongfeng, FAW and Changan in the automotive industry has reached 70% in the whole industry, and the production concentration of the top ten enterprises has reached 86%. In the power generation equipment industry, the output of the three major groups of Harbin, Dongdian and Shangdian reached 68.7%. In the wind power equipment industry, the output of China's three major enterprises, Huarui, Jinfeng and Dongqi, has also reached 70%. In the construction machinery industry, the sales of Xugong, Zoomlion and Sany Heavy Industry all exceeded 50 billion yuan, and the sales of the top ten companies accounted for more than 1/2 of the country. Cai Weici, executive vice president of the China Machinery Industry Federation, said that the achievements of the machinery industry during the "11th Five-Year Plan" period have laid a good foundation for the "Twelfth Five-Year Plan" to continue moving forward. However, it seems that the industry's independent innovation capability is still Relatively weak, coupled with rising costs and rising exchange rate of the RMB against the US dollar, the development of the “Twelfth Five-Year” industry will return from the previous excess growth to steady growth, paying more attention to the structural upgrading and innovation capabilities of the industry.  

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