CONF: China's mechanics standing strengthens via high-quality growth

Faced with increasing challenges in international trade markets, China's mechanical industry must firmly advance toward high-end, intelligent, and low-carbon development while promoting collaborative innovation across the industrial chain, stressed Luo Junjie, executive vice chairman of the China Machinery Industry Federation (CMIF), when speaking at Mysteel's annual conference held in Shanghai over the past weekend.

Luo noted that the growth of China's mechanical industry was driven mainly by overseas demand in recent years as the recovery of domestic demand fell short of expectations. During January-October this year, the total production value of China's mechanical sector increased by 5.5% on year, but the growth rate was