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CCMA: China’s machinery sector marks roaring five years


China’s machinery manufacturers realized phenomenal growth in both machinery sales and unit production over the country’s 13th Five-Year Plan period spanning 2016-2020, with their export performance improving markedly, despite the blow to overseas business dealt by the coronavirus pandemic last year, according to the latest release from China Construction Machinery Association (CCMA) on March 19.
The gross value of the machinery industry increased annually by nearly 9% on year over the five years to top Yuan 700 billion ($107.6 billion) for 2020, from Yuan 457 billion in 2015, according to the release. At the same time, sales of machinery also grew rapidly over the same period,


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