China's Machinery Industry Grows as Smart Equipment Surges

The China Machinery Industry Federation reported steady growth in the nation's machinery sector during the first half of 2026. Data released Thursday indicates that the value added of major machinery enterprises rose 6.4% year-on-year, surpassing growth rates in both the general industrial and manufacturing sectors. Total revenue for these enterprises climbed 6.5% year-on-year to reach 16.1 trillion yuan.

Growth was most pronounced in specialized technology sectors. Intelligent equipment manufacturing rose 16.7%, while 3D printing equipment saw a jump of 48.5%. Additionally, profits in the machine tool industry increased by 89.2%, a surge attributed to robust demand for smart production capabilities.

Ye Dingda, deputy head of the federation, stated he expects the industry to maintain stable operations throughout the remainder of the year. He attributed this outlook to existing policies designed to stabilize growth and stimulate domestic demand.