In the January-May period this year, China’s machinery industry achieved an operating revenue of RMB 11 trillion ($1.5 trillion), up 10.6 percent year on year, while posting a gross profit of RMB 613.66 billion ($85.1 billion), rising by 18.2 percent year on year, according to the China Machinery Industry Federation (CMIF).
The increases in revenue and gross profit recorded by the machinery industry were higher than those recorded by overall national industry in the first five months.