Cars are still the main driver of equipment manufacturing growth

Abstract According to the latest data released by the Hebei Machinery Industry Association, in 2013, there were 3,715 large-scale enterprises in Hebei Province, contributing a total output value of 892.084 billion yuan. This marked a year-on-year growth of 13.07%, significantly outpacing the province's overall industrial growth rate of 6.58%. The machinery industry accounted for 19.35% of the total industrial output in Hebei, highlighting its critical role in the regional economy. In addition, the industry generated a profit of 55.272 billion yuan during the same period, reflecting a 12.50% increase compared to the previous year. Notably, the automobile sector stood out with a profit of 17.813 billion yuan, a remarkable 30.50% year-on-year growth. This sector contributed 32.23% of the total industry profit, maintaining its position as the key driver behind the growth of equipment manufacturing in the region. These figures underscore the strong performance and resilience of Hebei’s machinery and automotive industries in 2013.

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