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Equipment manufacturing

Updated: Jul 1, 2019 govt.chinadaily.com.cn Print
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Hebei province's equipment manufacturing industry covers more than 8,000 kinds of products in seven categories, including the manufacturing of transport equipment, specialty equipment, metal products, electrical machinery, general equipment, instrumentation and office machinery.

In recent years, the province has been accelerating its conversion of old and new growth drivers, and fostering the equipment manufacturing industry as a new driver of growth, with remarkable achievements.

Since 2016, the equipment manufacturing industry has replaced the steel industry as the biggest contributor to the province's economy.

In 2017, the equipment manufacturing industry had a value added of 326.5 billion yuan ($47.17 billion) and contributed 88.9 percent to Hebei's industrial production growth, 70.1 percentage points higher than that in 2012. It consolidated its leading role in the industrial economy and became the primary force supporting the province's industrial growth.

According to statistics from the Provincial Industry and Information Technology Department, the value added of the equipment manufacturing industry from January to March of 2019 increased by 16 percent year-on-year, 11.4 percentage points higher than that of the same period of the previous year and contributing 33.8 percent to Hebei's industrial production growth.

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