China’s equipment manufacturing industry drives 42.7 pct of industrial growth in first 10 months

The added value of China's equipment manufacturing industry contributed 42.7 percent to industrial growth, according to an official at the 2024 Equipment Manufacturing Forum in Chongqing Municipality.

The four-day event, which began on Monday, focuses on intelligent, green, and integrated equipment. It brings together industry experts, leaders, and representatives to discuss trends and explore development opportunities in the sector, according to the organizers.

Vice Minister of Industry and Information Technology Xin Guobin said at the forum that in the first 10 months of this year, the added value of China's equipment manufacturing industry accounted for 34 percent of the added value of industries above designated size, remaining above 30 percent for 20 consecutive months and contributing 42.7 percent to industrial growth.

Since the beginning of this year, numerous innovations in high-end equipment have emerged, leading to the application of several major equipment products. At the same time, there has been a significant improvement in both intelligent and green manufacturing, he stated.

"214 national intelligent manufacturing demonstration factories, 34 lighthouse factories and 1,850 green factories have been built in the equipment field, and the density of industrial robots has reached 470 per 10,000 people," Xin said.

Xin stated that the Ministry of Industry and Information Technology will soon introduce a new round of policies aimed at steady growth in the equipment manufacturing industry. This will involve conducting in-depth, large-scale equipment renewals and trade-ins for consumer goods, as well as actively cultivating new growth engines, such as intelligent, networked new energy vehicles and low-altitude equipment.

Additionally, the ministry will deepen international exchanges and cooperation, strengthen partnerships with countries along the Belt and Road and BRICS nations, and encourage leading enterprises to engage more fully in global industrial collaboration, all in pursuit of high-quality development in equipment manufacturing, he said.

China’s equipment manufacturing industry drives 42.7 pct of industrial growth in first 10 months

The 100,000th trip of China-Europe freight train arrived in Duisburg, Germany on Tuesday morning, marking a historic milestone for this 13-year-old cross-continental artery.

The train, which had departed from southwest China's Chongqing Municipality, arrived at Duisburg, Germany's largest inland shipping hub, at 9:10, carrying electronics, industrial parts, and household appliances.

The cargo was quickly unloaded for distribution to various destinations across Europe.

At the celebration, Markus Teuber, China Commissioner for Duisburg, emphasized that the China-Europe freight train service has brought significant development opportunities to Duisburg, strengthening economic ties and cultural exchange between Germany and China.

Markus Bangen, CEO of Duisburger Hafen AG (Duisport), noted that Sino-German cooperation has expanded beyond traditional logistics to include port infrastructure and storage services, expressing optimism for further collaboration.

"The China-Europe freight train has connected key regions in China, Europe, and Duisburg, allowing us to reach major production hubs in China more efficiently. We believe more opportunities will arise in the future, with additional regions being included in the service," Bangen said.

The first China-Europe freight train set off from Chongqing for Duisburg in March 2011. On Nov 15, 2024, the 100,000th train service made the same journey, representing a historic moment.

Today, Duisburg has become a vital hub for the China-Europe freight train network in Western Europe, with the most extensive routes, the highest frequency, and the largest cargo volumes and value.

100,000th China-Europe freight train trip reaches Germany's Duisburg