China's machinery industry recovered in July

According to the latest statistics, the national manufacturing purchasing managers index was 53.14% in July, which was higher than the 0.1% in the previous month. This is the index is higher than 50% for 5 consecutive months, which shows that the overall stabilization of the manufacturing economy in China is becoming more apparent.
The July Purchasing Managers' Index verified the predictions made by industry insiders that sales in all sub-sectors of China's machinery manufacturing industry will turn positive at the beginning of the year. According to analysts' opinions, China's construction machinery will gradually get out of relying solely on capacity expansion to bring about growth, and will gradually transition to The stages of product upgrades and added value enhancements. The specific performance is that the product goes to the high end; at the same time, it enters the financial leasing and remanufacturing business with higher and more stable profitability and less periodicity; at the same time, the extension of engineering machinery products is continuously expanding.

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