Revenues of China’s textile machinery firms surged in the first half of the year, according to the China Machinery Industry Federation (CMIF).
The operating revenue of firms in the sector grew by 5.44 per cent to 12.95 trillion yuan (about $1.9 trillion) during the period. The added value of the sector rose 0.7 percent Y-o-Y during the period, the data showed.
The federation attributed the expansion to a package of pro-growth measures since the beginning of the year.
The total export volume of the machinery industry also saw a year-on-year increase of 10.41 percent, showing the resilience of the sector, says Chen Bin, Executive Vice President
Looking ahead, more efforts should be made to ensure solid implementation of the pro-growth policies, stabilize industrial chains and solve the difficulties facing enterprises, he adds.