The import and export trade of the machinery industry has strong expansion momentum and huge room for growth.

The engineering machinery industry has bottomed out and is waiting for recovery.Recent economic data shows that the net financing of the corporate sector continues to increase year-on-year, indicating that the momentum of manufacturing capacity expansion is still strong.Looking forward to 2024, the implementation and increase of economic stimulus policies will become the main line of the rebound of the construction machinery industry. Special debt issuance is expected to support the growth of infrastructure investment, stimulate demand and supply recovery, and accelerate the recovery of corporate profits.The industry`s overseas exports continue to have bright spots.Affected by the technological upgrading of domestic products, the reintegration of the global industrial chain, and the Russia-Ukraine conflict, overseas exports in many segments of the machinery industry have continued to grow rapidly.The export share of construction machinery and other industries has continued to increase significantly in recent year.