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MNI BRIEF: China Machinery Expects Stable Trade In 2025

MNI (BEIJING) - China’s machinery industry expects foreign trade to remain stable in 2025, after growing 7.5% last year, accounting for 19% of the country's goods trade, Luo Junjie, executive vice president of the China Machinery Industry Federation, told a conference on Friday.

Luo noted the machinery industry faced pressure last year from insufficient effective demand and continued price declines, but expected the government’s trade-in and upgrade policies would drive market improvement this year.

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MNI (BEIJING) - China’s machinery industry expects foreign trade to remain stable in 2025, after growing 7.5% last year, accounting for 19% of the country's goods trade, Luo Junjie, executive vice president of the China Machinery Industry Federation, told a conference on Friday.

Luo noted the machinery industry faced pressure last year from insufficient effective demand and continued price declines, but expected the government’s trade-in and upgrade policies would drive market improvement this year.

Keep reading...Show less