China's industrial engine production to grow 7.28 percent

China's industrial engine production to grow 7.28 percent in year to year during the first semester of 2009 to be 4.79 trillion yuan, or 701.3 billion U.S. dollars, a growth lowest in seven years, as disclosed Federation Industrial machinery China (CMIF).

CMIF latest data shows that the industry has permesian natural tendency of increase in the first six months of growth since the industrial gross production dwindle to 2.9 percent in the period of January-February 2009.

But in June 2009, industrial production is rising 11.65 percent year on year to more than one trillion yuan.

Benefits of China's machinery industry seems natural decrease 7.73 percent in first five months in 2009 compared to same period the previous year to be 189.8 billion yuan.

Federation predicts that a 12 percent increase in industrial production while gross profit increased by eight percent in this year, followed with a national economy that is estimated to grow to overtake a number of proactive fiscal policy is issued the local government.

It is said that the supply of raw materials such as oil and steel products, with support from a number of government policies to be used in the manufacturing and automotive.

There is support for it, said Cai, the machinery industry in China will be pushed improved in the second quarter this year.

weakening external demand is the main problem faced by the restoration industry, so the Chinese export machine down 24.11 percent to 89.15 billion U.S. dollars in the year to year, first semester 2009.

Cai assess that China's machinery industry requires technical improvements to increase its market share in the international.