The author learned from the China Machinery Industry Federation that in the first 10 months of this year, the export delivery value of China's machinery industry grew by about 1.2% year on year, and the cumulative growth rate of export delivery value has shown a slight recovery for three consecutive months. By type of enterprise, private enterprises grew by about 6% year on year, 0.08 percentage points higher than the previous month; although state-owned and foreign-invested enterprises fell by about 6% and 0.05% year on year respectively, the declines narrowed by 0.66 and 0.7 percentage points compared with the previous month.

　　In addition, in the first 10 months of this year, a total of more than 19.37 million automobiles were produced, up 17% year on year, with the growth rate also showing steady momentum and remaining above 15% for seven consecutive months. By vehicle type, multi-purpose passenger vehicles and sport utility vehicles grew relatively fast, up 88% and 55% year on year respectively, while basic passenger vehicles grew 17% year on year.

　　A relevant official of the China Machinery Industry Federation disclosed that total demand for China's machinery products is expected to maintain steady medium-speed growth next year and the year after, and is unlikely to fluctuate significantly. During this period, demand for high-end machine tools and the like will rise, the construction machinery market will recover, and the growth rate of automobile production and sales will gradually decline.

　　Industry experts stressed that in the future China's machinery industry needs to further accelerate the pace of structural adjustment and promote transformation and upgrading.