Summary: In the first half of this year, the Hunan Machinery Industry continued its strong growth trend since 2010. The growth rate of the machinery industry has slowed down, and the pulling effect on scale industries has weakened. As the sales growth of domestic self-owned brand autos has fallen sharply, the production value of automobile production and supporting enterprises involving the province has decreased accordingly.

In the first half of this year, Hunan's machinery industry generally continued its strong growth trend since 2010. It is estimated that the total industrial output value will be about 275 billion yuan, a year-on-year increase of 48%, and the growth rate will be 3.6 percentage points lower than the previous period. Key enterprises maintained a high growth trend and played a good leading role. From the perspective of the total output value of key enterprises, Zoomlion, Sany Group, and CSR Zhuzhou Electric increased by more than 60% year-on-year.

However, the growth rate of the machinery industry has slowed down and the pull effect on scale industries has weakened. According to the situation in the month of June, in the 14 sub-sectors of the machinery industry, except for automobiles, heavy machinery, and machine tools, the growth rate slowed by 5 to 30 percentage points compared with the first quarter. The strong market demand for construction machinery has weakened and the growth rate of the industry has slowed down. Rail transit was affected by the slowdown in railway construction, and production of key enterprises declined. Wind power has been intensified by market competition, and some expected supporting policies have not been promulgated as scheduled. The output value of major manufacturing enterprises has declined during the month. As the sales growth of domestic self-owned brand autos has fallen sharply, the production value of automobile production and supporting enterprises involving the province has decreased accordingly.