China's machinery industry authorities on Saturday unveiled a plan to maintain stable growth in this sector of the country's economy from 2023 to 2024.
According to the plan jointly published by the Ministry of Industry and Informatization of the PRC and six other government departments, the operating revenue of the industry will reach 8.1 trillion yuan (about 1.13 trillion US dollars) by 2024.
At the same time, according to the plan, the average annual growth rate of operating income of the country's engineering industry should reach more than 3% between 2023 and 2024.
The plan is mainly focused on 11 sectors, including machine tools, agricultural machinery and construction machinery.
It states that there will be efforts to expand demand, promote the intelligent transformation of the manufacturing industry, build the capacity of high-quality supply and make policy implementation more focused.