2012 Blue Book of Equipment Industry: China's equipment manufacturing industry is extremely beautiful

Recently, the private think tank China Industry Union International Equipment Manufacturing Research Center released the first blue book in the field of China's equipment industry “2012 Blue Book of Equipment Industry—Equipment Manufacturing in Transformation and Upgrading” (hereinafter referred to as “Blue Book”).

According to the Blue Book, China’s manufacturing output reached US$1.955 trillion in 2010, accounting for 19.8% of global manufacturing output, compared with US$1.952 trillion in US manufacturing output in 2010, accounting for 19.4. %, China has become a big country in equipment manufacturing. “In spite of this, China’s equipment manufacturing industry is large but not strong, its innovation capability is weak, and its basic manufacturing level is backward. It is still an extensive growth, especially high-end manufacturing products are still firmly controlled by developed countries and developed countries such as the US, Japan and Germany. The gap is obvious," said Yu Hao, deputy secretary-general of China Construction Machinery Association.